Becoming a Maryland real estate broker is a strong step forward in your career. Not only does this advanced license look great on a resume, it also allows you to work independently, open real estate brokerage firms, and manage other agents within these firms.
Getting the Maryland Real Estate Broker License is a fairly simple process, but it does require you to complete five steps, and have a few prerequisites before applying or taking the broker’s exam.
This guide covers all of these requirements in a simple, easy to understand way that will make it easier for you throughout this process.
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Maryland Real Estate Agent vs Real Estate Broker
Maryland offers two different types of real estate license: Sales and Broker.
A sales agent’s license is the initial license that real estate agents get in order to sell real estate.
A broker’s license is an advanced license that allows the license holder to operate at a higher level within real estate businesses in Maryland.
People often confuse sales agents and brokers. A simple way to look at the difference is that holders of the sales agent’s license are called real estate agents, while holders of the broker’s license are called real estate brokers.
If you are working towards getting your first license, check out our Maryland Real Estate License guide. If you’re working on the Maryland real estate broker license, keep reading this page!
Maryland Real Estate Broker License Requirements
First, to be eligible for a real estate broker’s license, you must meet the prerequisites to become a real estate broker in Maryland.
These prerequisites are:
- Must have a real estate salesperson license and have actively provided real estate brokerage services for at least three years
- Must have completed a course in real estate that includes a 3-hour course in real estate ethics
How to Become a Real Estate Broker in Maryland
Once you meet all the requirements listed above, you can follow these five steps to easily help you get your real estate broker license in Maryland.
Step 1: Complete a Maryland Broker Pre-Licensing Course
The first step to getting your real estate broker license in Maryland is to take 135 classroom hours of qualifying real estate courses.
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These real estate courses mostly cover the fundamentals of working in real estate and must be completed within one year of your broker’s license application.
The required 135 classroom hours of qualifying real estate courses, including the following mandatory courses are:
- Maryland real estate law
- Fair housing and financing
- Management basics
Your broker pre-license courses don’t end here. To fully satisfy your course requirements, you must take additional 15 credit hours in related qualifying education courses acceptable to the Maryland Real Estate Commission (MREC) or approved continuing education (CE) courses.
These approved CE courses that you take as an agent during your agent license renewal build towards that 15-hour requirement. Having a bachelor’s degree or higher with a major or minor in real estate from an accredited college or university will also count for the 15-hour requirement.
The approved courses include:
- MREC required supervision
- Maryland legal updates
- Diversity of clients
- Fair housing
- Maryland real estate code of ethics
- MREC brokerage relationships and disclosures
- Assistance animals and housing
The MREC has entered into reciprocity agreements with the states of Pennsylvania and Oklahoma. Brokers that have a license in Pennsylvania are excused from exams and CE requirements. However, those in Oklahoma that have a broker’s license must pass the state portion of the Maryland exam but don’t need to keep up with any other CE requirements.
Additionally, if you are able to practice law in the state of Maryland, all of these education and experience requirements will be waived. However, you will still need to pass the examination given by MREC.
After completing the courses, you must also pass the final broker course exam. The minimum passing grade is 70%. The final pre-license exam is to be supervised by a proctor, whether on-site or online. This is not the same as the state broker exam.
After passing your broker course exam, your pre-license educator will provide you with your course completion documents.
Step 2: Submit a Maryland Broker License Application
Once you meet the broker pre-licensing education requirements and pass the course exam, you can now apply for your license.
The application fee is $190.
To submit your broker license application, you must use MREC’s Online System. Use your registration number and full name, as well as attach your documents before submitting your application.
You can also contact MREC to receive a paper application by email to firstname.lastname@example.org or call at (410) 230-6200.
Step 3: Submit a Credit Report
There is no need to submit a finger-print based background check when you apply for a Maryland broker real estate license. However, to determine your eligibility and minimize risk, the MREC does require you to submit a full credit report before submitting your application.
Attach an original credit report that searches public records or you may upload your credit report and supporting document to the Maryland Department of Labor’s (DOL) Online Forms-Upload section. Remember that your credit reports should not be older than six months.
If you aren’t sure whether you are eligible for a real estate license based on your history, check out our article on Real Estate License Eligibility.
Step 4: Pass the Maryland Real Estate Broker Exam
After completing the steps above, you must take the real estate broker licensing exam via PSI.
The fee for the broker exam is $44.
In Maryland, brokers take a national section exam portion which consists of 75 scored questions. The state-specific section of the broker’s exam consists of 40 scored questions. You must complete the Maryland real estate broker exam within 120 minutes (two hours total).
The passing rate is 70% for the Maryland real estate broker exam. If you happen to fail the exam, you can wait one day to schedule another exam and retake it as fast as 48 hours after your failed exam.
For more information on the exam, PSI provides a Candidate Handbook containing the Maryland Real Estate Broker Exam content outline.
Taking an exam prep course provides you helpful tools and materials, such as quizzes and specific state-only practice exams, to increase your chances of passing your broker license exam the first time.
Step 5: Application Review
After passing your broker exam, you will only need to wait for MREC to review and approve your application.
The process should take up to 14 business days. After this, you should receive a notification from MREC (via the Maryland DOL’s online system account or email) with a copy of your broker license.
MREC updates the documents they are currently processing. If any additional information is required with your application, you will be contacted directly by MREC. If you have questions, please call MREC at (410) 230-6230.
Now that you’ve successfully passed the broker licensing exam and obtained your license, there are a few things you need to do to keep your broker license active and updated.
Maryland Real Estate Broker License Renewal and CE
In Maryland, you must renew your real estate broker license every two years. If you’re licensed in another state, you must submit all appropriate paperwork to the MREC within 30 days of your expiration for them to recognize your CE courses at email@example.com The renewal process is not the same for the broker license and sales agent license.
To renew your license, you must use MREC’s online renewal system. The renewal fee is $170.
As part of renewing your broker license, you must also complete the CE requirements that include 15 hours of MREC-approved courses and three hours of the Broker Supervision Course as part of the CE requirement.
MREC recommends completing your CE at least 30 days before your expiration date to make time for processing.
MDL – Maryland Department of Labor
Maryland Real Estate Commission
1100 N. Eutaw St.
Baltimore, MD 21201
Hours: By appointment
Phone: (410) 230-6200
Maryland Real Estate Broker License FAQ
How much does it cost to get a real estate broker license in Maryland?
The costs of getting a real estate broker license in Maryland can range between $443 and $633.
The cost breakdown is as follows:
Pre-license education courses: $209-$399
Application fee: $190
Broker exam fee: $44
How long does it take to get a real estate broker license?
The steps that typically take the most time when getting a broker license include taking pre-license education courses and exams. The average amount of time to get a broker license is generally three to six months.
What is the difference between a real estate agent and a real estate broker?
Real estate agents focus on working with clients on individual real estate transactions, while real estate brokers have more experience with the added responsibility of managing a team of real estate agents or brokerage business. See our Real Estate Agent vs. Broker vs. Realtor page for more information.
How much does a real estate broker make?
Real estate brokers get paid just like real estate agents by earning commissions on their agents’ sales. Brokers can also charge the real estate agents they manage a fixed monthly fee or have the option to earn money on commission sales by helping their own clients buy and sell property. According to Payscale data, brokers earn $61,314 per year in base salary, with anywhere between $10,000 and $147,000 in commissions. The Bureau of Labor Statistics (BLS) indicates that the median broker salary is $62,010.
How do I get a job as a real estate broker in Maryland?
Browse through available real estate broker jobs in your area using our StateRequirement Job Board!