Real Estate Agent Permit Requirements in Silver Spring, MD

Complete permit and license guide for starting a real estate agent in Silver Spring, Montgomery County, Maryland.

$500 -- $1200 6–14 weeks to obtain license and begin practice 4 requirements

Not legal advice. Requirements may change — always verify with your local government authority before applying. Last verified: .

Silver Spring / Montgomery County Requirements

1 requirement
1

Montgomery County — Business License (if operating a brokerage)

Individual real estate salespersons do not need a separate Montgomery County business license. If opening a brokerage in Silver Spring, a Montgomery County Business License from the Circuit Court Clerk is required.

$75–$300/year (brokerage only)1–2 weeks
Official government source

Maryland State Requirements

2 requirements
1

Maryland Real Estate Commission — Salesperson License

To become a licensed real estate agent in Maryland, you must complete 60 hours of pre-licensing education from an approved provider, pass the Maryland Real Estate Salesperson Exam (administered by PSI), and submit an application to the Maryland Real Estate Commission. You must then work under a licensed real estate broker.

$44 (exam fee) + $90 (license application fee) + $100–$300 (pre-licensing education)6–12 weeks
Official government source
2

Errors & Omissions (E&O) Insurance

Most real estate brokerages require agents to carry Errors & Omissions (E&O) insurance, which protects against claims of negligent acts or omissions in real estate transactions. Some states mandate it; most brokerages require it. Coverage typically starts at $100,000 per occurrence.

$300–$800/year1–5 business days
Official government source

Federal Requirements

1 requirement
1

EIN (Employer Identification Number)

Required if you operate as an LLC, corporation, or have employees. Free from the IRS. Even sole proprietors may benefit from obtaining an EIN to keep business and personal finances separate.

FreeImmediate (online application)
Official government source

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