BROKER'S COURSE

Definition of a Real Estate Broker

"Real estate broker", hereinafter referred to as broker, any person who for another person and for a fee, commission or other valuable consideration, or with the intention or in the expectation or upon the promise of receiving or collecting a fee, commission or other valuable consideration, does any of the following:- sells, exchanges, purchases, rents or leases, or negotiates, or offers, attempts or agrees to negotiate the sale, exchange, purchase, rental or leasing of any real estate, or lists or offers, attempts or agrees to list any real estate, or buys or offers to buy, sells or offers to sell or otherwise deals in options on real estate, or advertises or holds himself out as engaged in the business of selling, exchanging, purchasing, renting or leasing real estate, or assists or directs in the procuring of prospects or the negotiation or completion of any agreement or transaction which results or is intended to result in the sale, exchange, purchase, leasing or renting of any real estate."
-MGL Ch. 112: Section 87PP definition

Educational requirement for licensure as a Real Estate Broker

"Every individual applicant for a license as a broker who is required to take an examination therefor shall, as a prerequisite to taking such examination, submit proof satisfactory to the board that he has been actively associated with a real estate broker for a period of three years as a real estate salesman and that he has completed additional courses in real estate subjects approved by the board, such courses to total forty classroom hours of instruction."
-MGL Ch. 112: Section 87SS

Broker Curriculum

Ten 4-Hour Modules

1. Property/Property Rights/Ownership Condominiums/Cooperatives/Time Sharing/Land Use - Subdivision
   
2. Contracts/Deeds/Advanced Contracts including P & S
   
3. Financing/Mortgages
   
4. Brokerage
   
5. Mass. License Law/Ethics
   
6. Appraisal
   
7. Fair Housing/Consumer Protection
   
8. Closing Process/Proration - Math Review/Amortization/Deeds
   
9. Property Management/Insurance - Leases & Options
   
10. Commercial Brokerage Investment/Syndication/Exchange
    

Broker Course Tuition and Costs

Tuition is $460.00* and may be paid by check or money order.

Upon satisfactory completion of this course a Certificate of Accomplishment, suitable for framing will be issued.

Any student, satisfactorily completing this course, may, at no cost, audit any subsequent offering of this course or any part thereof as an aid to prepare for the state exam for the period of six months following completion of course, provided space is available in the class.

*All Textbooks and study Materials are included in tuition. The textbooks used are considered to be the most comprehensive and current texts available and can be invaluable resources in reviewing material for the licensing exam as well as wonderful resource data for myriad real estate needs and issues.