Associate Broker
Associate Broker means a person licensed by the Department of Professional
and Financial Regulation to offer, attempt to conduct or to conduct
services on behalf of another for compensation which includes, but is
not limited to, listing real estate for sale; promoting the purchase,
sale or exchange of real estate; buying, advertising or holding oneself
out as offering specific services defined by law and selling or exchanging
real estate [reference 32 MRSA Chapter 114 §13001 "Definitions"].
An associate broker licensee must be affiliated with a licensed real
estate agency to be eligible to perform brokerage services.
This license may be held on inactive status.
How to apply
| Fees |
- Application/License fee: $80
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| Term |
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| Requirements |
General Requirements
- Completed License Application
- Hold a high school diploma or equivalent.
- Be at least 18 at time of application for the license.
How to qualify for the license
- Complete two years practice as an actively licensed sales
agent; and
- Complete the 60-hour Associate Broker Course (plus Documented
Field Experience Form) with a minimum final grade of 75%; and
- Pass the Sales Agent examination administered by Pearson VUE
(if this examination was not passed prior to Sales Agent licensure).
- Click Candidate Handbook
for more detailed information about licensing requirements and
instructions for scheduling an examination.
- Click Associate Broker Course
to go to a schedule of course offerings.
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Renewal fees and information
| Fees |
- Biennial renewal fee for an active license is $80.00.
- Biennial renewal fee for an inactive license is $65.00.
- A $50.00 late fee is assessed for licenses renewed after the
expire date.
|
| Terms |
- Two (2) Years
This license renews biennially on the anniversary of the original
license.
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| Requirements |
- This license must be renewed on or before the expire date
by completing the continuing education requirement, submitting
the renewal application and payment of the prescribed fee for
the Associate Broker to remain properly licensed to conduct
real estate brokerage.
- Continuing Education Requirement - 21 hours of Commission
approved continuing education is required for renewal. This must include 3 hours for the
course designated as the core requirement at the time of
renewal. All licensees
renewing or activating prior to December 31, 2008 must complete EITHER "New Laws and Rules Core Course"
OR "What Am I - and Why is it Important? Core Course" to satisfy the core requirement. After December 31, 2008, all licensees must complete "What Am I - and Why is it Important? Core Course" in order to renew or activate a license.
- Continuing Education Audit- Effective January 1, 2002,
licensees are not required to submit evidence of having
completed the continuing education requirement when renewing
a license. Monthly audits are conducted whereby those licensees
audited are required to submit physical evidence that the
continuing education requirement was completed on or before
the date the license was renewed.
- This license may be renewed up to ninety (90) days after the
expiration date by complying with all requirements for renewal
and payment of the $50 late fee in addition to the regular renewal
fee. HOWEVER, licensees renewing a license after the expire
date are not licensed to practice until the license
is properly renewed.
- A licensee who submits an application for renewal more than
90 days after the license expiration date is required to pass
an examination covering Maine Real Estate Law and submit an
original license application and fee to reinstate the license.
- Renewal reminders are mailed at least 30 days prior to the
license expire date. It is the licensee's responsibility to
keep the Commission informed of the current license address
and to see that the license is renewed absent the renewal application.
This license can be renewed online up to sixty days prior to
expiration.
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| Renew Now |
- Fill
out the online renewal application and submit.
The Department must verify that you have met all the conditions
for renewal before your license is renewed. Online submission
of your renewal application should not be construed as automatic
renewal of your license.
Warning: By submitting a renewal application
in any form by any method, the licensee is certifying that all
requirements for renewal have been met prior to submission of
the application, including the full continuing education requirement.
Submission of the renewal application also constitutes certification
of the licensee's understanding that the Commission will rely
upon the information submitted for issuance of a license and that
sanctions may be imposed, including suspension or revocation of
the license, if the certification is found to be false.
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Last Updated:
June 20, 2008