How to Become a Real Estate Agent in Maryland

Planning to start a career as a real estate agent? To get your real estate license, you will need to take classes at a real estate school, and satisfy all the requirements set forth by the Maryland Real Estate Commission.

 

Here's what you need to know to become a real estate agent in Maryland:

1) Licensing Requirements

2) Duties of a Real Estate Agent

3) What is a REALTOR®?

4) Income Potential

5) Real Estate Schools

 

How to Become a Real Estate Agent in Maryland

1) Real Estate Agent Licensing Requirements

In Maryland,  real estate agents MUST be licensed by the Maryland Real Estate Commission.  To obtain your real estate license, you must:

  1. Satisfy the minimum requirements to apply for the real estate exam:
  1. Apply to take the State exam. 
  2. Pass the exam. 
  3. Pay the appropriate fees.
  4. Apply for Real Estate License. 

Newly licensed agents must work under the supervision of an employing (sponsoring) real estate broker.  Most new agents start out by working for one of the large brokerages like Coldwell-Banker, Century-21, Remax, etc. If you would like to have your own business and work for yourself, you must upgrade to a broker's license.

 

2) Duties of Real Estate Agents

A real estate agent's main job is to assist their clients in the process of buying and selling real estate.

Their list of duties include:

 

3) What is a REALTOR®?

A real estate agent becomes a REALTOR® when he or she pays an annual fee to be a member of the National Association of REALTORS® and subscribes to its Code of Ethics.

The agent generally joins through the local board or association.

For example, in Baltimore, once you have obtained your real estate license, you may pay a fee to join the Greater Baltimore Board of REALTORS®.  This also makes you a member of the Maryland Association of REALTORS®  and the National Association of REALTORS®.

All REALTORS® are real estate agents but not all real estate agents are REALTORS®.

 

4) Income Potential

Real estate agents are generally paid based on a percentage of the sales price. The seller will generally pay 4-6% of the sales price as the fee and that will be split 50/50 between the seller and buyer's broker.

For example, if the fee for a $100,000 house is 6%, the buyer's broker will be paid 3% or $3000 and the seller's broker will be paid 3% or $3000 as well.   The agent is paid by his or her broker, according to their previously agreed-upon commission split.  This is often 50/50 for beginning agents, so in that case the agent in our example would receive $1500. 

According to the National Association of REALTORS®, the Median Sales price for an existing single-family home in the Baltimore area was $239,600 for the fourth quarter of 2004.

 

5) Real Estate Schools

Here are some real estate schools offering the pre-licensing courses for the state of Maryland:


 

School Name

City

Phone

ANNE ARUNDEL COMMUNITY COLLEGE

GLEN BURNIE

410-777-2911

CENTURY 21 RE SCHOOL

GLEN BURNIE

410-766-5850

CHAMPION INST OF RE

SEVERNA PK

410-544-6004

COLQUITT ACADEMY OF RE

SEVERNA PK

800-533-7553

DON GURNEY ACADEMY OF R E

GLEN BURNIE

410-760-9984

MD ASSOC OF REALTORS

ANNAPOLIS

410-841-6080

ALLEGANY COLLEGE OF MD

CUMBERLAND

301-784-5338

BALT CITY COMMUNITY COLLEGE-HARBOR

BALTIMORE

410-986-3213

GLOBAL INFORMATION SERV RE SCHOOL

BALTIMORE

410-728-0666

SOJOURNER-DOUGLASS COLLEGE

BALTIMORE

410-276-0306

COMMUNITY COLLEGES OF BALT CNTY

BALTIMORE

410-780-6716

GREATER BALT BD OF REALTORS

LUTHERVILLE

410-337-7200

TOWSON UNIV

BALTIMORE

410-704-2227

CECIL COMMUNITY COLLEGE

ELKTON

410-287-6060

BALDUS INST OF RE

LAPLATA

301-753-1509

SOUTHERN MD ASSOC OF REALTORS

HUGHESVILLE

301-274-4406

CARROLL CNTY COMMUNITY COLLEGE

WESTMINSTER

410-386-8100

FREDERICK COMMUNITY COLLEGE

FREDERICK

301-846-2684

KELLY ACADEMY OF RE

MIDDLETOWN

301-371-4415

MACKINTOSH RE SCHOOL

FREDERICK

301-662-0155

GARRETT COMMUNITY COLLEGE

MCHENRY

301-387-3084

DIANA SCHOOL OF RE

BEL AIR

410-893-1200

HARFORD COMMUNITY COLLEGE

BEL AIR

410-836-4317

COLDWELL BANKER RES BRKG R E SCHOOL

COLUMBIA

800-992-4794

FREDERICK ACADEMY OF RE

MARRIOTTSVILLE

410-442-5789

HOWARD COMMUNITY COLLEGE

COLUMBIA

410-772-4972

LAWYERS ADVANTAGE CAREER SCHOOL

CLARKSVILLE

410-531-7700

FIRST REALTY RE ACADEMY

CHESTERTOWN

410-778-5555

CAMELOT RE ACADEMY

SILVER SPRING

301-445-1544

LONG & FOSTER INST

GAITHERSBURG

301-417-7100

MD CENTER FOR RE ADVANCEMENT

ROCKVILLE

301-984-0166

MONTGOMERY COLLEGE

ROCKVILLE

240683-2592

WEICHERT RE SCHOOL

BETHESDA

301-718-4143

DIPLOMAT RE CENTER

HYATTSVILLE

301-559-6000

H T BROWN RE INSTITUTE

LAUREL

301-725-8888

HOUSING CONSULTANTS RE SCHOOL

LANHAM

410-429-3065

PRINCE GEORGE'S COMMUNITY COLLEGE

LARGO

301-322-0120

SAWYER & ASSOC RE ACADEMY 

TEMPLE HILLS

301-449-9700

UNIV COLLEGE-UNIV OF MD

ADELPHI

410-997-9062

NEW MILLENNIUM RE SCHOOL

CALIFORNIA

301-862-2169

O'BRIEN INST OF RE

LEXINGTON PK

800-690-2991

CHESAPEAKE COLLEGE

WYE MILLS

410-827-5810

REAL ESTATE INSTITUTE

EASTON

410-819-0100

WOR WIC COMMUNITY COLLEGE

SALISBURY

410-334-2815

HAGERSTOWN COMMUNITY COLLEGE

HAGERSTOWN

301-790-2800

Also check out information on how to become a real estate appraiser in Maryland

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Read about other real estate careers in Maryland:

 

 

 

 

 

 

 

 

 

 

 

Read some of the best real estate books out there to prepare yourself for your new career: