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Real Estate Broker
Total cost: $1065
50 hrs
Pre-License Hours
2 yrs
Experience Required
Yes
Exam Required
21 hrs
CE Hours
$1065
Total Fees
Permitted
Dual Agency
Broker Pre-License Education
Mostly verifiedPre-License Hours
50 hours
College Degree Required
No
Approved Providers
Maine-approved real estate schools, colleges, and online providers
Additional Broker Courses
Additional broker-specific courses in management, supervision, and advanced real estate topics required beyond salesperson education
Course Topics
Real estate broker education requirements include pre-license coursework covering topics such as real estate law, brokerage management, contracts, finance, and ethics. Some states require a college degree in addition to pre-license hours, while others accept equivalent experience.
Browse Real Estate Broker study materials on Amazon →(affiliate link)
Start with the salesperson license
Broker licensing in Maine typically requires completing your salesperson (real estate agent) license first and practicing for 2 years before you can sit for the broker exam. The pre-licensing courses below are the recommended starting point on the path to a broker license.
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Agent Experience & Transaction History
Mostly verifiedAgent Experience Required
Prior real estate sales agent experience
2 yrs
Min Years as Agent
Most states require a period of active experience as a licensed real estate sales agent before qualifying for a broker license. Some states use a points-based system or require a minimum number of closed transactions as an alternative or additional requirement.
State Broker Exam
Mostly verifiedState Broker Exam Required
Real estate broker licensing examination
Multiple-choice; national and state-specific portions
Format
PSI
Provider
75%
Passing Score
$85 (Maine Law Exam)
Exam Fee
Exam Sections
The real estate broker exam typically includes both a national portion covering general real estate principles and a state-specific portion covering local laws and regulations. Exams are usually administered by third-party providers such as PSI or Pearson VUE at authorized testing centers.
Overall licensing difficulty: 9/100
Study recommendation: 1–2 weeks of focused review is usually sufficient
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Broker Exam Prep Books
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Difficulty rating based on education, exam, and experience requirements. Individual experience may vary.
Real Estate Broker Exam
Passing Score
75%
Format
Multiple-choice; national and state-specific portions
Administered By
PSI
Key Topics Covered
Cost of failing
Retake fee: $85 (Maine Law Exam)Invest in preparation to pass the first time.
How long should you study? Most candidates study 2–4 weeks before taking the Real Estate Broker Exam.
Study guides for the real estate broker licensing exam.
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Shop essential tools and supplies to get started in your career.
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Broker Practice Capabilities
VerifiedYes
Independent Practice
Yes
Supervise Agents
Yes
Operate Brokerage
Yes
Property Management
Yes
Escrow Handling
Yes
Dual Agency
Yes
Designated Agency
Restricted Activities
Real estate brokers have a broader scope of practice than sales agents, including the ability to operate their own brokerage, supervise agents, and handle escrow funds. Dual agency (representing both buyer and seller) and designated agency rules vary significantly by state.
| Fee | Amount |
|---|---|
Application Fee | $200 |
Exam Fee Paid to Pearson VUE. Applicable to broker candidates (Maine Law Exam component). | $85 (Maine Law Exam) |
License Fee | $230 |
E&O Insurance Errors and omissions insurance; varies by provider | $200 |
MLS Fees MLS membership varies by local association | $400 |
Renewal Fee Per maine.gov directly: 'Biennial renewal fee for an active license is $100.00'. Updated from $95 on 2026-04-30. | $100 |
Total Initial Fees Includes application, exam, license, E&O insurance, and MLS fees | $1065 |
Use our licensing cost calculator to estimate your total investment including education and exam fees.
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Renewal & CE Requirements
Mostly verified2 years (biennial)
Renewal Period
21 hrs
CE Hours Required
—
Post-License Education
Required CE Topics
Renewal Fee
$100
Per maine.gov directly: 'Biennial renewal fee for an active license is $100.00'. Updated from $95 on 2026-04-30.
Regulatory Board
Broker licenses must be renewed on schedule with the state real estate commission. Continuing education typically covers topics such as ethics, fair housing, agency law, and state-specific legal updates. Some states also require post-license education within the first renewal period.
Out-of-State Reciprocity
VerifiedAccepts Out-of-State Credentials
Endorsement Available
Yes
ARELLO Certification
Accepted
Reciprocity Requirements
Real estate broker reciprocity agreements allow brokers licensed in one state to obtain a license in another state with reduced requirements. ARELLO (Association of Real Estate License Law Officials) certification may be accepted in some states. Requirements typically include passing the state-specific portion of the broker exam.
Moving to another state? Use our Transfer Tool to see what you need →
Compare Maine with other states →
See how requirements, costs, and timelines differ across all 50 states.
Maine has a UNIQUE 3-tier broker structure: Sales Agent (55 hrs) → Associate Broker (60 hrs + 40-hr Documented Field Experience + 2 yrs as Sales Agent) → Designated Broker (50 hrs + 2 yrs as Associate Broker). The schema credential 'Broker' targets the Designated Broker tier (highest, permits acting as agency designated broker). All courses require 75% minimum final grade. Must apply for Designated Broker license within 1 year of course completion. License cannot be renewed after 90 days past expiration; must apply for new license. Commission ceased keeping CE records in 2002 — random monthly audits.
Maine has a UNIQUE 3-tier broker structure: Sales Agent (55 hrs) → Associate Broker (60 hrs + 40-hr Documented Field Experience + 2 yrs as Sales Agent) → Designated Broker (50 hrs + 2 yrs as Associate Broker). The schema credential 'Broker' targets the Designated Broker tier (highest, permits acting as agency designated broker).
Designated Broker upgrade course is 50 hours (per maine.gov directly).
All courses require 75% minimum final grade.
Must apply for Designated Broker license within 1 calendar year of course completion.
Experience: 2 years as Associate Broker affiliated with brokerage agency within 5 yrs preceding application (cumulative path: 2 yrs Sales Agent + 2 yrs Associate Broker = 4+ yrs total).
21 CE hours required per 2-year biennial cycle including a mandatory 3-hour core course (designated by Commission at time of renewal).
Maine law prohibits taking the same CE course twice within the same licensing cycle.
As of January 1, 2002, the Commission ceased keeping CE records — random monthly audits requiring physical evidence of completion.
Renewal fee: $100 biennial. Late fee: $50 within 90 days. License cannot be renewed after 90 days past expiration; must apply for new license.
Dual agency is permitted with proper disclosure in Maine.
Real Estate Broker Schools in Maine
Compare approved training programs, costs, and requirements.
Maine requires 50 hours of pre-license education and 2 years of agent experience for broker licensure. A state broker exam is required. All licensing is managed through the Maine Real Estate Commission.
Requirements vary by state. Always verify current requirements with your state real estate commission.