Category Archives: Broker

Why Did I Not Receive My Massachusetts Real Estate License Renewal Paperwork?

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The last few weeks we’ve been receiving many phone calls from agents asking us, “How do I renew my license?” , “When do I renew my license?” and “When does the Board send out the renewal paperwork?”. The first question that we ask is “When is your birthday?”. The Board of Real Estate Brokers and Sales Persons will mail out the renewal forms 2 months before your birthday. If they have not yet received the forms, we always ask if they have moved. The Board does not check to see if your mailing address has changed. It is our responsibility as Real Estate agents in Massachusetts to update our mailing address with the board.

1. If you have moved since your last license renewal or passing the Salesperson or Broker test. Click here to download the pdf form that you need to fill out to change your address with the Board.

2. If it’s time for you to renew your license and you have not yet received your renewal paperwork. You’ll need to call the Board (617) 727 – 2373 to check the address they have for you. You will also need to ask them to send out another renewal form.

3. If you plan on paying online. You will need to create an account on the Board’s website. In order to do that you will need the Record ID/license number that is found on the license renewal paperwork. If you do not have the paperwork you will need to call the Board (617) 727 – 2373.

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Reactivate Inactive Massachusetts Real Estate Salesperson or Broker License

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Your real estate license in Massachusetts can fall into 3 categories.

  • Active:
    • You have to completed 12 hours of continuing education that we as real estate agents need to complete every 2 years.
    • You have paid your license renewal fee
      • $103 for Salesperson’s License
      • $142 for Broker’s License
  • Inactive:
    • You have not completed your 12 hours of continuing education
    • You have paid for your license renewal fee
  • Expired:
    • You have not completed your 12 hours of continuing education
    • You did not pay your license renewal fee

It is very easy to reactive an Inactive real estate license. To reactive your Massachusetts Salesperson or Broker license.  You just need to complete 12 hours of  continuing education and fill out License Reactivation Form.

To reactive your real estate license it will take about 4 to 6 weeks once the Board of Registration of Real Estate Brokers and Salespersons has received all your paperwork.

Reinstate Expired Massachusetts Real Estate Salesperson or Broker License

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Your real estate license in Massachusetts can fall into 3 categories.

  • Active:
    • You have to completed 12 hours of continuing education that we as real estate agents need to complete every 2 years.
    • You have paid your license renewal fee
      • $103 for Salesperson’s License
      • $142 for Broker’s License
  • Inactive:
    • You have not completed your 12 hours of continuing education
    • You have paid for your license renewal fee
  • Expired:
    • You have not completed your 12 hours of continuing education
    • You did not pay your license renewal fee

When your license falls in the Active category you can receive referral fees for the referrals that you pass other Brokerages.  You can receive referrals fees even if your real estate license in not associated with a brokerage.  However, to receive a commission for helping a Buyer, Seller, Landlord or Tenant.  Your real estate license must be associated with a Brokerage.

It is very easy to reactive an In-Active real estate license. To reactive your Massachusetts Salesperson or Broker license.  You just need to complete 12 hours of  continuing education and fill out License Reactivation Form.

If your Massachusetts Salesperson or Broker license falls in the Expired category.  If it expired more than 2 years you will need to fill out the Request for Reinstatement Application.  You will also need to complete 12 hours of continuing education.

To reactive or reinstate your real estate license it will take about 4 to 6 weeks once the Board of Registration of Real Estate Brokers and Salespersons has received all your paperwork.

Live Webinar Salesperson and Broker Classes

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LiveWebinar-2  The end of last year the state made it possible for us to teach the 40 hour Salesperson and Broker prelicense classes as live webinar.  How exciting is that.  You can take the class any where that you have high speed internet access with your computer.
  As soon as we found out that we could teach the class online.  We were jumping for joy.  So many students were already asking us about taking the classes online.
  We decided to teach our webinar salesperson prelicense students at the same time that we are teaching our live weekend classes on Sat and Sun from 8am to 6pm.  We are also going to be teaching the broker prelicense class as a webinar class on Wednesday from 8am to 6pm.
  To take the live webinar you will need to have:
  1. A PC or Mac computer
  2. High speed internet
  3. Headphones with a microphone
  4. Webcam
  To complete the class we will need to see you and be able to interact with you for the entire class.  Our schedule of classes can be found on our website.

Calling to schedule your Massachusetts Real Estate exam with PSI

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As of April 1, 2016, PSI Services LLC is the new test vendor for the Board of Registration of Real Estate Brokers and Salespersons (Board).  To schedule your exam for PSI Exams you can reach PSI by calling them at (800)733-9267.  The call center is open Mon through Fri 7:30 am to 10:00 pm and Sat and Sun 9:00 am to 5:30 pm.

You will need to be ready to pay for the exam the day that you make the reservations.  The cost for the exam is:

  • Salesperson: $85
  • Broker: $106

Remember if you need to reschedule your exam you will need to call them 48 hours or 2 days before your test date.  For example if your test date is on Wednesday.  You will need to give them a call to reschedule by Sunday.

The day of the test you will need to bring with you:

  1. Two forms of ID:
    • Acceptable Forms of ID:
      • PRIMARY IDENTIFICATION (with photo)
        Choose One
        Government issued driver’s
        U.S. Department of State Driver’s License
        U.S. Learner’s Permit (plastic card only with photo and signature)
        National/State/Country Identification Card
        US Government Issued Passport or Passport Card
        US Government Issued Military Identification Card
        U.S. Government Issued Military Identification Card for spouses and dependents
        US Government Issued Alien Registration Card (Green Card, Permanent Resident Visa)
        NOTE: ID must contain candidate’s photo, be valid
        and unexpired.
    • SECONDARY IDENTIFICATION
      Choose One
      Credit/Debit Card (must be signed)
      Social Security Card
      Any form of ID on the Primary list
      *NOTE: Student ID and employment ID are NOT acceptable forms of identification.
  2. Your Real Estate Licensing Examination Candidate Information Bulletin with the 3 Candidate Endorsements and the CORI form filled out and notarized.  Remember they cannot be related to you to, live with you or be another student from class.
  3. Your payment for your real estate license.  Remember they do not except cash.  You can pay with either a credit card or check.
    • Salesperson License: $103 to $150 plus $11 processing fee
    • Broker License: $142 to $200 plus $11 processing fee

Mandatory Massachusetts Real Estate Agency Disclosure Form Changes

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As of Jan 24, 2017 the Board of Registration for Real Estate Brokers and Salesperson has updated the Massachusetts Mandatory Real Estate Licensee – Consumer Relationship Disclosure. The form has a new look and feel. The board hopes that this new form will help clarify the role of the real estate agents and brokerages in a real estate transaction for the consumer.

The back of the form still lists the 5 types of agency available in Massachusetts. The front of the form has been redesigned to help make it easier for the consumer to understand the role of the agents and brokerages. The form is still NOT A CONTRACT. To clarify that matter the phrase has been added to the top of the form in bold capital letters and underlined.

They have also changed the section explaining designated agency and non-designated agency (Single Agency). If your office is a Single Agency office, the new form requires that you check off if the agents in your office are going to be representing the consumer as Buyer or Seller agents. If your office is a Designated Agency office, the new form requires that you make the consumer aware that you will be responsible for the consumer and that another agent in your office will be responsible for their Buyer or Seller.

The new form does not remove the requirement to receive permission for being a Designated or Dual agent from the Buyer and Seller. You must still receive permission either in advance with a listing agreement or in a buyer agency agreement or later using the designated agency consent form or dual agency consent form.

At the bottom of the form you will still have to sign and print your name showing that you have gone over the form with the consumer. You will still have to write down your license number. You will also have to indicate if your license is Broker or Salesperson license.

The consumer will still sign and print their name and date the form. They still have the right to decline from signing the form.  In that case, you still will just check the box at the bottom of the page next to “Check here if the consumer declines to sign this notice.”

Mandatory Real Estate Agency Diclosure Massachusetts

MASSACHUSETTS MANDATORY REAL ESTATE LICENSEE – CONSUMER RELATIONSHIP DISCLOSURE (click to open)

 

Online Continuing Education Holiday Coupon

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We hope you had a wonderful Thanksgiving with family and friends. Time is a gift we all wish we could receive. There just never seems to be enough time to do everything we need to do. Especially around the holidays. Even though you may be running around crazy trying to do all your shopping, decorate your home, drive the kids here or there, show buyers properties and sign listing contracts. You still need to find some time to complete your continuing education, so you can renew your license. Taking your continuing education on the go is so much easier. We thought we would spread a little cheer by offering a coupon for our 12 hours of online continuing education. Happy Holiday and best wishes for an amazing 2018.

Referred Insurance Companies for a Surety Bond in Massachusetts

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Many of our Broker Prelicense students have asked us for referrals to Insurance Agents that can help them with the surety bond that they need.  As you know all Massachusetts Real Estate Brokers must have a $5000 surety bond before taking the test and while they hold an active Broker license.

Many of our students were running into problems not being able to find an nsurance company or agent that could help them.  So, a few months ago we sent out an email asking for referrals to insurance agents or companies that our students would recommend.  We would like to thank everyone for getting back to us.

Below you will find the list of insurance agents that have been referred to us from our students.  Please let us know if you have any problems with any of the agents listed below.

Referred Insurance Agents and Companies:
Chris Russo
Russo Insurance
Medway, MA
Phone: 508-533-3000
Fax: 508-533-5333
Gaudette Insurance
68 Worcester Street
North Grafton, MA 01536
Phone: 508-839-6022
Fax: 508-839-4416
Richard R. Green Insurance Agency, Inc.
32 Somers Road
Hampden, MA 01036
Phone: 413-566-0028
Fax: 413-566-0090
Nicholas Gennetti
Cochrane and Porter Insurance Agency
981 Worcester Street
Wellesley, MA 02482
Mancuso and Nowak
252 Boston Turnpike
Shrewsbury, MA 01545
Phone: 508-756-4310
Fax: 508-752-6712
Brown and Brown Insurance
3 Hollis St
PO Box 1497
Pepperell, MA 01463
Phone 978-433-7228
Fax: 866-848-6097
Heidi Pafumi
BKaye Insurance
44 Harkness Ave
East Longmeadow MA
Phone: 4136874339
Email: Hpafumi@bkaye.com
Barbara Christopherson
Account Executive, Commercial Lines Ins.
Thomas Woods Insurance Agency, Inc.
20 Park Ave., PO Box 2940
Worcester, MA  01613-2940
Tel. 508-755-5944 ext 110
Fax 508-755-6412
John Dustin or Carly Longo
JED Insurance & Financial
30 Mechanic St #5
Foxborough, MA 02035
Phone: 508-543-1067
J.R. Tallman & Co., Inc
P.O. Box 469
12 Court Street
Taunton, MA 02780
Phone: 508-824-4051
Fax: 508-822-7654
Nicholas Stoddard
Liberty Mutual Insurance
11 Village Hill Rd., Suite 103
Northampton, MA 01060
Direct: 1-413-582-7059
Toll Free: 1-866-583-5306
Fax: 1-413-582-7947

Melt Away Your Clients Fears

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Real Estate agents are so dedicated to their clients.  No matter what the weather predication is.   We’re out there going from one appointment to the next.  I remember at one of my showing a few years ago, when we had 15 feet of snow everywhere.  My clients and I had to almost swim through the snow to reach the front door.  The property was bank owned and no one had come by to shovel the walk way.  Lucky enough it was the last home on our tour.  It all worked out because they fell in love with the inside.  It’s always a great feeling when you see your clients become really excited about a property.  They wanted to talk a little bit more about the property and write up an offer.  The inside of the house was as cold as an ice-box, so I decided to take them to a local coffee shop to warm up and relax before writing up the offer.  I always remember how relaxed my clients became while sitting in the corner couch of the cafe.  Not only did the cup of hot chocolate and latte help regain the feeling in our hands and feet.  The warmth also helped melt away all their concerns and fears about putting the offer. With the cold weather on our heals I thought I would share a few spots that you might like to take your clients.

 

Boston:

South Shore:

Worcester:

Pioneer Valley: