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Become A Real Estate Agent In Maine
Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Maine or anyone looking to become a real estate agent or realtor in Maine. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more.
The Maine Department of Professional and Financial Regulation, Office of Licensing
& Registration (OLR),
handles the licensing, enforcement and discipline of 41 professional licensing
boards, including the Maine Real Estate Commission. The State made a number of
changes in the Real Estate Brokerage Laws on June 10, 2005 which go into effect
on July 1, 2006.
The general requirements for obtaining a real estate agent license in
Maine include being at least 18 years of age and having a high school
diploma or GED. Applicants need to provide notarized recommendations from at least
3 persons stating that the applicant has a good reputation for truthfulness, honesty,
fair dealing and competency. The employing broker also needs to provide a written
statement authorizing the license. Applicants for all agent licenses must also
have a criminal records check performed before their license will be issued. The
fee for this check is $15.00.
The requirements for a real estate sales agent license in Maine
include completing the Introduction to Real Estate educational course, passing
the examinations, and applying for the license within one year of having passed
the exams. A sales agent in Maine receives a two year license which may not
be renewed.
Applicants for the associate broker license in Maine need to
complete two full years of active licensure as a sales agent in Maine during the
previous five years, take the mandatory coursework, and pass the associate broker
examinations before applying for the license.
The requirements for a real estate broker license in Maine include
being actively licensed for at least one year as an associate broker in Maine
within the three years immediately preceding the date of application, completion
of two years in an approved degree program, completion of the Role of the Designated
Broker course, and applying for the broker license within one year of completing
the course.
The requirements for a reciprocal license in Maine include being actively licensed
in another jurisdiction and passing the Maine laws portion of the real estate exams.
Those with a reciprocal license also need to provide an Irrevocable Consent to Service form.
The non-refundable license application fee for all applicants is $80.00. Once licensed,
all agents must complete 15 clock hours of continuing education before renewal
of their license. The licenses all expire on December 31st of each year. If the license
has lapsed for more than 90 days it will not be renewed without the agent taking the examination again.
Real estate careers are strengthened by membership in the many
organizations that provide services for the professional agent. Those holding
a real estate license usually join organizations like the Maine
Commercial Association of Realtors, the National Association of Real Estate
Brokers (NAREB), and the Association
of Real Estate License Law Officials (ARELLO).
The National Association of Realtors (NAR),
the world’s largest professional association, assists many in locating real
estate jobs within the industry. These organizations are also excellent resources
of real estate education.
This portion of our website has been created for information purposes
only. It is our belief that all information presented here is accurate
as of today, however each state is constantly striving to protect
the public and provide more quality service to those using the services
of a Real Estate Agent. Change in Real Estate laws and regulations
is inevitable. The information presented here should be considered
a starting point and we encourage everyone to fully research any
information you are seeking.
To further assist you, we have included links to each state's
real estate licensing office, and also to the state's local Association
of Realtors site that provides current information on proposed real
estate license regulations in that area.
If you do find an error or have updated information, please contact
us and we will update our information accordingly.
