Last updated on November 4, Quick note! RealEstateLicenseTraining is partnered with the best online real estate schools. When you sign up using our links, we may get a small affiliate commission. Read how we conduct our reviews here. Getting your real estate license in Maine is a great idea for both those looking to embark on their first career or those who may want to change gears and get started in something a bit more lucrative than their current job.
So how do you get your real estate license in Maine? The steps are pretty simple. Maine has few requirements for beginning your journey in real estate. With your application, be sure to send in your application fee, payable to the Maine State Treasurer, as well as your examination results and certificate of course completion.
Along with your real estate application, you also need to include notarized statements from at least three people stating that you are trustworthy, honest, and competent. Your supervising real estate broker also needs to provide a written statement.
During the application process, you will undergo a criminal background check. It is important that you are as honest as possible when you disclose any criminal history.
While the original offense may not have been enough to keep you from becoming a real estate sales agent, lying could be the difference between working in real estate and having your application declined. Real estate sales agent licenses are not renewable in Maine, so you must work toward qualifying for a license as an associate broker. Continuing education courses are part of the process. You are required to learn more about the business side of working in real estate in addition to learning more about the legal and practical aspects of the industry.
All of this knowledge comes together to make you a great Maine real estate agent. This is where come in, helping you reach the next level of your real estate career. Contact us for more information about real estate continuing education. Skip to content.
Jul 11 Fulfill Basic Real Estate License Requirements In order to work as a real estate agent, you must be at least 18 and hold a high school diploma. Partner with a Maine Broker Your next step is to partner with an agency in Maine. Author: PDH Staff. Related Posts. May 12, Kansas Hour Pre License Course. Valuation and Appraisal Types of value Define real estate value Principles of value Describe economic foundations of real estate value Identify major types of value Influences on value Define market value Describe approaches to value Define comparative market analysis Describe the appraisal process Define appraisal Perform basic calculations used in appraisal Identify regulated appraisal activities and professional standards IV.
Requirements Governing Activities of Licensees Prohibited acts Describe prohibited acts and penalties for violations Place of business and company names Define place of business and company name Handling of trust funds and accounts Describe handling of trust funds and accounts Records Describe record maintenance Recommending legal advice Illustrate recommending legal advice Reporting requirements Describe reporting requirements Advertising Illustrate advertising requirements X. Financing and Closing Costs Types of Financing: Importance of financially qualifying the purchaser When and how to qualify the purchaser Pre-qualification vs.
Legal Descriptions Define legal description Describe the metes and bounds method Interpret a metes and bounds description Describe the rectangular survey method Identify ranges, tiers and townships Identify sections of a township Calculate acreage of fractions of a section Describe a section fraction Interpret a rectangular survey description Describe the recorded plat method Describe the use of elevation reference points X. Agency Define the agency relationship Describe the fiduciary duties of agency Identify the forms of real estate agency Describe the rules of agency disclosure Identify problem areas for real estate agents XII.
Listing Agreements Describe the basis of listing agreements in contract and agency law Identify the types of listing agreement Describe how an agent fulfills an agreement and earns compensation Identify the basic provisions of a listing agreement XIII. Contracts for the Sale of Real Estate Describe the characteristics and provisions of a contract for sale Describe the characteristics and provisions of an option-to-buy contract Describe the characteristics of a contract for deed.
Real Estate Investment Describe the investment characteristics of real estate Identify investment entities Describe the tax treatment of real estate investments Perform basic real estate investment analysis and tax calculations XIX.
Property Management Describe the major functions of the property manager Identify the nature and components of a management agreement Describe elements of various lease types of most interest to a property manager Identify sources of management business, the role of the management plan in securing business, and sources of professional training for property managers XXV. Missouri Disciplinary Proceedings Describe the complaint and investigation process. Illinois 75 Hour Pre License Course.
The Real Estate Business Describe real estate activities Identify property type specializations Identify primary brokerage activities Identify forms of brokerage specialization List skills and knowledge needed Describe functions of major professional organizations Identify regulated areas List general areas of license law II. Visit Real Estate Exam Scholar. Any active member of the Maine Bar who is in good standing and qualified under the real estate license law is exempt from taking the real estate prerequisite course.
Applicants who have an existing criminal record may still apply for a real estate license. It would be best if applicants were to include their criminal history along with the necessary documents related to the conviction, if any, on their application.
After submitting your fingerprints, your application will be forwarded to the Division of Criminal Justice Information Systems and to the Federal Bureau of Investigation. Upon investigation, each applicant will be considered on their own merits.
While taking your real estate pre-licensing course in person can be helpful, online courses are much cheaper and offer the exact same courses. Search Google for online real estate schools in Maine. If you plan on working in states besides Maine, then you need to know the real estate license reciprocity and portability laws for Maine. To learn more about real estate license portability in Maine, check out our guide on real estate license reciprocity and portability here.
In order to make your choice a little bit easier, check out our in-depth guide on choosing the right real estate company to work for. Notify me of new posts by email. Tweet Pin It Tweet Pin It To become a real estate sales agent in Maine, the pre-licensing challenges are not nearly as stiff as in some other states.
Candidates must have a high school diploma or equivalent. If you will be using a credit card, use the Credit Card Application form for processing. Here are just a few ways to make your name known out there in the community: Handing out a massive amount of business cards.
Hire a few teens to blanket the neighborhoods you would like to do business in. Send a post card to a large number of people in the area. Get with your broker to get a list of business social events you can attend.
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