How hard is it to pass the MA real estate exam? (2024)

How hard is it to pass the MA real estate exam?

The passing rate for the Massachusetts Real Estate Salesperson Exam is 70%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt!

Is the Massachusetts real estate exam hard?

Is the Massachusetts real estate exam hard? While the majority of students pass their real estate exam, a passing score isn't guaranteed. In Massachusetts, around 25% of students have to retake the test in order to pass.

How hard is it to get real estate license in MA?

The national part of the exam includes 80 questions to be completed in 150 minutes, while the state portion has 40 questions to answer in 90 minutes. Massachusetts requires you to earn at least 70% to pass. You're required to apply for and pass the exam within two years of completing your education requirements.

Which state has the hardest real estate exam?

Among all the states, Colorado and Texas stand out as having the most stringent criteria for obtaining a real estate broker license. In both of these states, aspirants must undergo rigorous study and examination processes to obtain their licenses.

How long does it take to study for the MA real estate exam?

Ideally, you should study for your real estate exam at least 2 months before taking it. We recommend this timeframe because it gives you ample time to cover each topic thoroughly without feeling rushed.

How many times can you take the MA real estate exam?

Massachusetts real estate licensing exam candidates are allowed to take the exam an unlimited number of times within two years, starting from the day of their pre-licensing education completion. Within this period, you must get the minimum pass mark of 70% in both exam sections.

Can I take my real estate exam online in Massachusetts?

Beginning in 2021, the Massachusetts Division of Professional Licensure (aka the Massachusetts Real Estate Commission) approved PSI to begin offering the Massachusetts real estate license exam online. That's right, you can now take the exam from the comfort of your own home.

How much does the average realtor make in MA?

As of Feb 20, 2024, the average annual pay for a Real Estate Agent in Massachusetts is $84,775 a year. Just in case you need a simple salary calculator, that works out to be approximately $40.76 an hour. This is the equivalent of $1,630/week or $7,064/month.

Is the MA real estate exam multiple choice?

How many questions are on real estate exam in Massachusetts? The Massachusetts Salesperson Pre-licensure Exam consists of two sections. The National section asks 80 multiple-choice questions, and the State section asks 40 multiple-choice questions. There may be 5-10 experimental questions.

How long is a MA real estate license good for?

The continuing education MUST be completed BEFORE renewing your real estate license to active, current status (NO EXCEPTIONS). The twelve (12) hour requirement is for each license term (a license is good for two years).

What is the hardest part of real estate?

Here are some of the toughest struggles that every realtor has to deal with on a daily basis.
  1. Uncertainty about real estate market. ...
  2. Constantly being on the go. ...
  3. Commission is by no means a guarantee. ...
  4. Being underpaid for hard work. ...
  5. Dealing with difficult clients.

What state pays real estate agents the most?

The highest-paying states for real estate brokers

According to GlassDoor, the top five states with the highest real estate broker salaries are New York, California, Nevada, Iowa, and Arizona. Commissions can vary based on city, market, property type, sales volume, and experience levels.

What is the MA real estate exam like?

You'll need to show an understanding of topics such as property ownership, contracts, transfer of title, and real estate calculations. The state-specific section questions will cover Massachusetts state real estate laws and Real Estate Board rules.

What score do you need to pass MA real estate exam?

Pass the Exam

You need to score a minimum of 70% correct to pass.

How long is real estate school in MA?

The real estate course in Massachusetts is 40 hours long, covering both salespersons' and brokers' classes.

Can I use my Massachusetts real estate license in another state?

Massachusetts State Reciprocity:

Massachusetts has reciprocal relationships with the following states: Connecticut, Rhode Island, West Virginia, Nebraska, Iowa, Tennessee, Mississippi, Colorado, Georgia, Pennsylvania and New Mexico.

How much does it cost to get your real estate license in Massachusetts?

Sample Massachusetts Real Estate License Costs
Prelicensing classes (40 Hours)$285 (through The CE Shop)
Exam retake$54
License application$103-$150 (depending on your birthdate)
License processing fee$12
Total Cost$539-$600
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Aug 11, 2023

What if I fail my PSI exam?

I failed one or both exam(s). How do I reschedule with PSI? Candidates who fail are eligible to retake the examination as long as they are not past their 18-month void date. After failing an exam, you will be provided a re-examination form along with the score report before leaving the PSI test center.

How long does it take to get your real estate license in Massachusetts?

Based on this short guide, becoming a licensed real estate agent in Massachusetts takes at least six weeks, if everything goes smoothly. On average, it can take two months. You will have to do some extra studying outside of the 40-hour course to ensure that you pass, and of course, you have a life to live.

How much are real estate classes in Mass?

Getting your Massachusetts real estate license costs around $500. Here's the breakdown: Real estate license classes: $300-$400. This will change depending on the class schedule you choose.

Where can I take the real estate exam in Massachusetts?

Where are the PSI testing center to take my Real Estate license exam in Massachusetts?
  • Boston. 56 Roland St., Suite 305. Washington Crossing. ...
  • Fall River. 218 South Main St, Suite 105. Fall River, MA 02721.
  • Lawrence. 1 Ballard Way, Suite 104. Lawrence, MA 01843.
  • West Springfield. 1111 Elm Street, Suite 32A.

What career path pays the most?

Here are the highest paying jobs of 2024:
  • Anesthesiologist: $239,200.
  • Obstetrician and Gynecologist: $239,200.
  • Oral and Maxillofacial Surgeon: $239,200.
  • Psychiatrist: $226,880.
  • Nurse Anesthetist: $203,090.
  • Pediatrician: $190,350.
  • Orthodontist: $174,360.

How much do top 1 realtors make?

Each real estate office sets its own standards for top producers, but it's safe to say that a top producer would have to sell at least one home per month to qualify. Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.

Do buyers pay realtor fees in MA?

As mentioned, the seller typically pays the total commission in Massachusetts, which is split between the listing agent and the buyer's agent. The commission is generally based on a percentage of the property's final sale price.

Is Pearson VUE practice exam free?

Pearson VUE offers General Life, Accident and Health, Property, and Casualty practice tests for $19.95.

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