Licensing Process for the State of Maryland:
Maryland requires that each candidate for a real estate sales person's license successfully complete a 60 hour course in the principles and practices of real estate that includes the Maryland Law Portion. Berkshire Hathaway HomeServices PenFed Realty offers these classes or if this doesn't fit into your schedule, you can take the course online.
Once the class has been completed and passed, you must then take the State Test. You are notified immediately of your pass status. The Brokers' and Salespersons' examinations each consist of two parts, a national portion and a state portion. Candidates must pass each portion of the examination with a grade of at least 70%. Candidates who pass one portion retain credit for passage of that portion for one year. Applicants who pass both portions shall apply for licensure within one year or the score expires and the exam must be re-taken.
PSI Examination Services administers examination services for the Real Estate Commission. Examinations for all real estate license categories are given daily Monday through Friday at PSI's testing centers, located in Baltimore, College Park, Salisbury, Hagerstown, Lanham and Crofton. Test dates are by appointment only and confirmed in writing. The exam is by computer and is two hours in length. The standard exam fee is $66.00.
The Maryland requirements are only the first step to starting your real estate career. It is important to choose a class that best suits your learning style.
Find the Right Company.
Your new company is as important as your new broker. Is management agent-driven? Look for a strong market presence backed up by thorough penetration in newspapers, yard signs, direct mail, Internet and other media from your new company. A solid training department is a must if you want to acquire the skills to go to the next level in gross closed commission sales.
Find the right office.
Your first real estate office and broker is your business partner and can set the tone for your success or failure in real estate sales. Look for a managing broker that advocates sales, prospecting, technology and transaction training. You should feel comfortable with your new broker's professionalism, ethics, and time management skills. Expect your new broker to run an efficient, organized and real estate consumer-centric and agent focused office.
Ask about Training.
As a new agent, training and mentoring is vital to a successful. Ask what the company does to help new agents get up an running. What tools does each company have to assist new agents in building their careers? Ask the manager how they will help you become successful? What activities or plan do they have for new agents?
Congratulations...You've passed the exam...Now what?
Once you’ve successfully completed the state requirement and you’ve passed your test, now its time to choose a Broker - It is important to interview at several companies because all companies are not the same and many offer different strategies for getting your real estate career up and running:
**Thank you for watching this video - This was filmed when we were Prudential Carruthers REALTORS.
In 2011 - we became a part of the PenFed Family.
We are still the same great office and company but with a new name and parent company!
The message from the video is still the same!