Did you just get your real estate agent license in Massachusetts? Maybe you’ve taken the Massachusetts real estate salesperson pre-license education course and are about to sit for the real estate exam? Or possibly you’re mapping out your strategy to transition to a full-time or part-time career in real estate.
Newly licensed Massachusetts real estate agents who are entrepreneurial, self-starting, and naturally curious have crushed it with Stuart St James!
Real estate agents with no experience who decide Stuart St James is the best real estate brokerage to join make a commitment to study the standard Massachusetts sales transaction contract flow to extend their knowledge beyond pre-license education and get up to speed and equipped on the practical aspects of how to do real estate transactions.
We offer new real estate agents an online video training course (free) that gives the practical insight you simply don’t get in your salesperson pre-license education and solves the big challenge all new agents struggle with on how to bridge from pre-license education to actually practicing real estate – this free on-demand training accessible when you join Stuart St James will give you the confidence and step-by-step proven formula to learn, grow, eliminate anxiety, and feel confident in your knowledge of how to actually do your very first real estate deal in Massachusetts. We also have high-level process flow and timeline descriptions that are proven to help.
Stuart St James offers brand new Massachusetts real estate agents (1) an unparalleled commission split, there is none, you unlock access to 100% commission immediately with no waiting period whatsoever and (2) alignment and a comfort level on full-time vs part-time (or less), you practice as much or as little as you like, no awkward conversations or disappointment if you’re not closing deals, we promise.
As a newly licensed real estate agent salesperson, you simply will not find this fully transparent, no-nonsense, no-hassle approach anywhere else – this, along with what is undeniably the most agent-friendly compensation and business model out there makes Stuart St James the best real estate brokerage for new agents in Massachusetts.
Apply now, we’ll hold your inquiry in confidence.
New Massachusetts Real Estate Agents Ask These Questions
Assuming you’re at least 18 years old and have a social security number, there are actually just a few steps to get a real estate salesperson license in Massachusetts. In most instances. how quickly you can get your license is throttled by the 40-hour Massachusetts real estate education course you’re required to take. Upon completion of your pre-license training course, you apply to take the real estate license exam using your course completion certificate, schedule a test date with PSI, and if you pass the Massachusetts real estate test, you can get your license on the spot after paying a $150 application fee.
The real estate agent licensing process can be measured in weeks not months and is heavily dependent on the pace of the required 40-hour pre-license education and how quickly you feel comfortable sitting for the Massachusetts real estate exam.
Four major recruiting and salary insight platforms estimate the average Massachusetts real estate agent salary to range from $28,000 to $115,000 per year. If you’ve written down an annual income goal, plug it into the decades-old real estate agent success formula to gain clarity on how to achieve your goal – and don’t forget to play with the formula to see the massive impact commission split has on how much money you actually make as a real estate agent – learn more about why 100% commission for real estate agents is more important than ever.
Approximately $500 – the education requirement is approximately $300, the Massachusetts real estate PSI exam fee is $85, and a license fee of no more than $150. Consider a mindset shift too, your time is valuable and has a cost as well – the pre-license education is 40 hours and you’re given up to 4 hours to take the exam.
Because you can take the test as many times as you need to, citing a difficulty level or pass rate is somewhat misleading. It’s said there is only a 50% pass rate on the first attempt. The exam is 120 questions and has two sections, Massachusetts law (40 questions), and separately, general real estate knowledge (80 questions). You’re given 4 hours to complete the test. You must achieve at least 70% on each section to pass the Massachusetts real estate exam and get your license.
No, the 40-hour pre-license education, delivered by an authorized real estate school in Massachusetts, is mandatory. Massachusetts does offer license reciprocity with some states so there’s a chance to waive education requirements, yet if you’re trying to get a real estate license for the first time in Massachusetts, you must complete the education requirement.
Yes, and, it’s perfectly natural to feel uneasy about these topics as a new agent. Your pre-license education does not, and is not meant to, get to the practical side of doing real estate deals. Also, if you’ve been part of a real estate sale transaction personally, the process is probably somewhat of a blur at this point. We developed an on-demand online video training course that walks you step-by-step through a deal, which has proven really helpful for calming client handling and contract flow concerns and provides the practical training beyond your pre-license education you need to get off to a confident and fast start in your real estate career.
Apply now, we’ll hold your inquiry in confidence.
Choose the Best 100% Commission Real Estate Agent Plan for Your New Massachusetts Real Estate Business
Stuart St James is a Massachusetts virtual real estate brokerage built for newly licensed real estate agents. Join the best 100 percent commission real estate brokerage for new Massachusetts real estate agents.
Which New Agent Friendly Real Estate Brokerage Should I Join in MA?
Questions Newly Licensed Real Estate Agents Ask When Joining a 100% Commission Virtual Real Estate Brokerage for New Agents
No, there are no transaction minimums or quota and you will not be asked to leave if you haven’t closed a deal in x months. A broker will not look over your shoulder and eagerly ask you when you will close your next deal – it should be evident gross commission as a result of closing a deal is immaterial to Stuart St James, as 100% of gross commission is passed to agents, save a relatively inconsequential transaction fee in our Launch plan (the Elevate plan has no transaction fees).
There’s no minimum term or commitment period when affiliating with Stuart St James.
Yes, we sure do. The biggest struggle we see newly licensed agents deal with is the challenge of how to bridge from pre-license education to practicing real estate, actually how to do a deal. It’s actually a major concern for new agents who have never done a deal, and causes a tremendous amount of anxiety. We have an online on-demand video training course that walks you step-by-step through a deal and gives you the playbook, a tested and proven formula and process, for how to do a successful real estate transaction. The training course is also packed with a number of “pro tips” and real-world examples, so it’s like you have a seasoned mentor walking you through one of their deals showing you the contract flow, a detailed walkthrough of all the real estate forms, how and where to negotiate, and proactive steps you can take to prevent a deal from falling apart.
The only document we electronically sign is the decades-old standard independent contractor agreement (ICA) promulgated by the Greater Boston Real Estate Board (GBREB) with the fee schedule on our website as an exhibit – transparently available for your full review here (Launch plan PDF) and here (Elevate plan PDF).
All earnest money deposits, along with additional Purchase & Sale Agreement (P&S) deposits, are held in escrow by your seller’s real estate attorney / closing attorney, not Stuart St James.
Gross commission is always made payable to Stuart St James and deposited by you or wired by a closing attorney into our business operating account (mailing of checks causes significant delays in processing and transferring your net commission). After submitting supporting transaction documentation and your gross commission deposit clears, transfer of your net commission is immediate via three payment options – those three options include (1) BillPay physical check (free) (2) electronic transfer to a Bank of America account with $5,000 daily limit (free) or (3) wire transfer ($30 fee).
No. Stuart St James does not charge agents different transaction fees for different priced properties, nor do we charge agents for coverage of our errors and omissions (E&O) insurance policy be that on a per transaction basis or otherwise.
No. Massachusetts decouples MLS access from Realtor status and there’s no requirement to join the National Association of Realtors (NAR), Massachusetts Association of Realtors (MAR), or the Greater Boston Real Estate Board (GBREB) to affiliate with Stuart St James.
No, it’s not required – if you’re simply looking to hang your license and/or keep fees low, access and affiliation with a MLS is optional. Membership to New England’s largest MLS system, called MLS Property Information Network (MLS PIN), is optional and costs $126 per quarter.
Most definitely, 100%. Simply follow the professional standards of practice related to advertising (254:CMR 3:00:9) outlined by the government of Massachusetts.
It’s a simple and straightforward process that can reasonably be accomplished in well under one (1) business day. We’ve automated nearly the entire process which has allowed us to eliminate a one-time agent setup fee. We electronically sign the ICA, you pay your first monthly agent fee, we provision you a stuartstjames.com G Suite account, file the necessary affiliation paperwork with the Board of Registration, and share a welcome email with you.