How to Become a Licensed Real Estate Broker in Maryland
The path to a career as a Maryland real estate broker is long, but not overly difficult. Maryland expects a fair amount of training and on-the-job experience from broker applicants. The successful real estate broker will possess good communication and sales skills and an understanding of the community and national real estate trends.
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Instructions
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Work for at least three years as a real estate salesperson providing brokerage services in Maryland unless you possess a law degree and are licensed to practice law in Maryland. Maryland attorneys are exempt from education and experience requirements.
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Sign up for a state-approved training program that includes a three-hour ethics course. Maryland maintains a list of approved programs at the Department of Labor, Licensing and Regulation website.
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Sign up to take the broker exam at PSI Online. Then take and pass the exam.
Maryland applicants must pass both the national and state portion of the exam with a grade of 70 percent or higher. The test takes two hours and cost $78 (in 2009). Exam scores are good for one year. Candidates who fail one or both parts can re-register for the exam.
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Obtain a personal credit report through an agency of your choice. Submit the credit report to the Maryland Real Estate Commission by fax to 410-333-0023.
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Complete the broker license application. Provide your personal information, exam results and proof of work and education experience. Submit the application fee, which was $210 in 2009. Wait to receive your license from the Maryland Real Estate Commission.
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