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Change of Address or Name
If you've moved,
the Board of Registration should be notified. You can notify them online or use the form below to notify them by mail. The form can also be used for a
name change or duplicate license.
Don't forget
to notify us also. Email us if you move or change firms.
Change Address Form
Broker Bond
Mass. Licensing Law requires a Broker to have a $5,000
Bond.
You can get one from an approved insurance or bond company.
The list of approved companies from the Board of Reg. is available on the link below. You
can call your insurance agent and ask if they sell them. The Bonds are usually good for 5 years.
Make sure the bond is completed on an approved bond
form. Click on the link below for a Bond form from the Board of Reg.
Make a copy of the completed Bond for yourself. Mail the original to the Board of Reg., they won't accept copies.
Broker Bond Form
Bond Companies
License Renewal Continuing Education
Since January 1, 1999, Massachusetts Real Estate
Brokers & Salespeople are required to complete 12 hours of continuing education every two years for Real Estate License
renewal. Click on the link above for more information.
Inactive Status
You
may choose not to complete the continuing education and be renewed as inactive.
You
may take referral fees on an inactive license, but may not practice Real Estate in Massachusetts. Salespeople may not obtain
the one year experience toward a broker license while inactive.
The
license renewal fee is the same for either active or inactive status. To acquire the Inactive Status your completed renewal
form and fee must be submitted to the Board of Registration or your license will expire. By paying the renewal fee and staying
inactive, you avoid paying any late penalties.
The
Board of Registration will then provide you with an inactive notice & re-activation form.
To re-activate an inactive license, simply complete the Continuing Education requirement and submit your re-activation form.
To Acquire a Real Estate License in Rhode
Island
Massachusetts has a real estate licensing
reciprocal agreement with the state of Rhode Island. The exam for licensing in Rhode Island is waived to individuals
with an active Mass. real estate license in good standing, but you must submit the required forms, pay the required
fees and acquire a Rhode Island license.
A letter of Certification will be required from the Mass. Board of Registration
of Real Estate Brokers & Salespersons.
Salespersons applying for a Rhode Island license must be associated
with a licensed broker with an active Rhode Island Real Estate License in good standing.
You’ll be required to carry and maintain individual Errors &
Omissions Insurance (company E & O will not be accepted). The Mass. Broker
Bond does not meet the requirements and will not be accepted in place of E & O insurance.
A certificate of insurance from your insurance company will have to be submitted.
Contact the
State of Rhode Island, Department of Business Regulation, Division
of Commercial Licensing and Regulation, Real Estate.
The application,
forms, instructions and further information is available on their website.
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