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Real Estate Agent Work Affiliation - licensing.reg.state.ma.us

Real Estate Agent Work Affiliation - licensing.reg.state.ma.us 2025

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The document is a mandatory disclosure from the Commonwealth of Massachusetts Board of Registration of Real Estate Brokers and Salespersons, outlining the relationship between real estate licensees and consumers. It explains the types of agency representation available (Seller's Agent, Buyer's Agent, Facilitator, Designated Agency, and Dual Agent), emphasizing that this disclosure is not a contract. Licensees must provide this notice during the first personal meeting with consumers discussing specific properties, ensuring transparency about their roles and responsibilities while advising consumers to seek professional advice for legal or technical matters.

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Can you be a broker and not a realtor?

Brokers have additional training and licensing requirements and can work independently or hire other real estate agents to work for them. A realtor is a licensed real estate agent or broker who is a member of the National Association of Realtors.

What are the requirements to be a real estate broker in Massachusetts?

Prerequisites Be at least eighteen years of age. Have a current Massachusetts salesperson license. Have been licensed and affiliated with a Massachusetts broker in the capacity of a Massachusetts real estate salesperson for three years at a minimum of twenty-five hours per week.

Can a real estate agent broker their own deal?

Bottom line Can a Realtor sell their own home? Yes, provided they meet their ethical obligations and disclose to potential buyers that theyre the property owner.

What states have real estate license reciprocity with Massachusetts?

Massachusetts Real Estate Reciprocity Agreements to Obtain a Real Estate License Connecticut. Georgia. Iowa. Michigan. Nebraska. New Mexico. Pennsylvania. Rhode Island.

Is a real estate agent an affiliate broker?

A broker is a real estate agent with the further training and experience to manage their own business while a broker affiliate introduces leads to the principal broker for their company.

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Can real estate agents work in other states?

States with No Real Estate License Reciprocity The states that do not offer license reciprocity include Arizona, Vermont, California, Texas, Indiana, Wyoming, Hawaii, South Dakota, Montana, Michigan, New Jersey, and Kentucky. This means that agents have to retake the real estate courses when moving out-of-state.

Whats the difference between a broker and a salesperson?

The main difference between a salesperson and a broker is that a broker has additional training and experience and the broker may work independently where a salesperson must work under a broker.

Does a real estate agent have to work for a broker in Massachusetts?

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.

Real Estate Agent Work Affiliation - licensing.reg.state.ma.us 2025

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Can you be a broker and not a realtor?

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Is a real estate agent an affiliate broker?

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Can real estate agents work in other states?

Whats the difference between a broker and a salesperson?

Does a real estate agent have to work for a broker in Massachusetts?

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