Out of State Broker Cooperation- Massachusetts would not prevent a Massachusetts licensee from paying part of a commission to out-of-state licensee, so long as out-of-state licensee performed no licensed services within the state.
- A lawsuit can be brought in Massachusetts for a lawfully earned commission.
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Massachusetts Real Estate ReciprocityConnecticut, Rhode Island, West Virginia, Nebraska, Iowa, Tennessee, Mississippi, Colorado, Georgia, Pennsylvania, New Mexico,
Oklahoma, New York: (Must have 2yr Exp Broker Lic Req): No Exam Necessary. New Hampshire: Must have Educational Waiver to take Only Massachusetts State Portion of Exam. Maine: (3yr Exp Broker Lic Req). Must have Educational Waiver to take Only Massachusetts State Portion of Exam. All other States: Requirement to take Entire Real Estate Exam. Confirmed by Massachusetts Real Estate Board |
Specific to Massachusetts |
Reverse ReciprocityThese states specifically mention Massachusetts in their Reciprocity: Connecticut, Iowa, New Hampshire, New Mexico, New York, Pennsylvania, West Virginia These States recognize any other State licenses but may have additional requirements: Alaska, Alabama, Colorado, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Tennesee, Vermont, Washington |
Customs
Attorneys handle closings.
Conveyance is by warranty deed in the western part of the state and by quitclaim deed in the eastern part. Mortgages with private power of sale are the customary security instruments.
People in Massachusetts use ALTA owner’s and lender’s title insurance policies and endorsements.
Buyers pay closing costs and title insurance fees, except in Worcester, where sellers pay. Sellers pay the documentary taxes.
Property taxes are payable in two installments.
Conveyance is by warranty deed in the western part of the state and by quitclaim deed in the eastern part. Mortgages with private power of sale are the customary security instruments.
People in Massachusetts use ALTA owner’s and lender’s title insurance policies and endorsements.
Buyers pay closing costs and title insurance fees, except in Worcester, where sellers pay. Sellers pay the documentary taxes.
Property taxes are payable in two installments.
