Definition of a Real Estate Broker
"Real estate broker", hereinafter referred to
as broker, any person who for another person and for a fee, commission
or other valuable consideration, or with the intention or in the
expectation or upon the promise of receiving or collecting a fee,
commission or other valuable consideration, does any of the
following:- sells, exchanges, purchases, rents or leases, or
negotiates, or offers, attempts or agrees to negotiate the sale,
exchange, purchase, rental or leasing of any real estate, or lists or
offers, attempts or agrees to list any real estate, or buys or offers
to buy, sells or offers to sell or otherwise deals in options on real
estate, or advertises or holds himself out as engaged in the business
of selling, exchanging, purchasing, renting or leasing real estate, or
assists or directs in the procuring of prospects or the negotiation or
completion of any agreement or transaction which results or is
intended to result in the sale, exchange, purchase, leasing or renting
of any real estate."
-MGL Ch. 112: Section 87PP definition
Educational requirement for licensure as a Real Estate Broker
"Every individual applicant for a license as a broker who is required
to take an examination therefor shall, as a prerequisite to taking such
examination, submit proof satisfactory to the board that he has been actively
associated with a real estate broker for a period of three years
as a real estate salesman and that he has completed additional courses in real
estate subjects approved by the board, such courses to total forty
classroom hours of instruction."
-MGL Ch. 112: Section 87SS
Ten 4-Hour Modules
- Property/Property Rights/Ownership Condominiums/Cooperatives/Time Sharing/Land Use - Subdivision
- Contracts/Deeds/Advanced Contracts including P & S
- Mass. License Law/Ethics
- Fair Housing/Consumer Protection
- Closing Process/Proration - Math Review/Amortization/Deeds
- Property Management/Insurance - Leases & Options
- Commercial Brokerage Investment/Syndication/Exchange
Broker Course Tuition and Costs
Tuition is $460.00* and may be paid by check or money order.
Upon satisfactory completion of this course a Certificate of
Accomplishment, suitable for framing will be issued.
Any student, satisfactorily completing this course, may, at no cost,
audit any subsequent offering of this course or any part thereof as an
aid to prepare for the state exam for the period of six months following
completion of course, provided space is available in the class.
*All Textbooks and study Materials are included in tuition. The
textbooks used are considered to be the most comprehensive and current
texts available and can be invaluable resources in reviewing material
for the licensing exam as well as wonderful resource data for myriad
real estate needs and issues.