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Commonly Asked Questions about Massachusetts Real Estate Legal Forms

A salesperson must be affiliated with a broker, either as an employee or as an independent contractor, and work under the supervision of the broker. A salesperson can not operate his own real estate business.
If youre buying or selling a property in Massachusetts, state law requires that an attorney be present at the real estate closing. This is typically the lenders closing attorney, but buyers and sellers are free to hire their own lawyers as well, and most do.
A purchase sale agreement (PS) is a legal document prepared and agreed to by attorneys representing both the buyer and seller in the home purchase transaction. The PS is signed by both the buyer and seller, and will include final sale price and all terms of the purchase.
To become licensed as a salesperson or broker in Massachusetts you must complete the requisite education, complete the appropriate licensing application and pass the relevant examination. At the outset you must become licensed as a salesperson before you can become a broker.
To request or obtain a certified license verification document from the Board, please submit a request through the ePLACE portal. Please note that if you do not already have an account you will be required to create one prior to submitting your request.
Massachusetts is considered an attorney state in residential real estate transactions. This means that both buyers and sellers need a lawyer representing them during the transaction. This is unlike other states, in which real estate transactions only involve a buyer, seller, real estate agent, and a title company.
Attorney fees: A lawyer must be present at real estate closings by Massachusetts law. This is often the lawyer representing the buyers lender, though you as the seller are not required to hire your own lawyer. However, its smart to do so anyway when dealing with legal contracts and large amounts of money.
What you need 3 years of experience working for a broker. 40 additional hours of real estate education. Successful completion of licensing exams.