Starting a career as a real estate agent in Missouri offers promising prospects, thanks to a growing market and attractive salary packages. Aspiring agents must complete 72 hours of pre-licensing coursework, clear a real estate exam, and undergo fingerprinting and background checks. After satisfying these criteria, individuals are ready to apply for their real estate license, paving the way for a new professional journey.
Eligibility criteria
To be eligible for a real estate license in Missouri, you must meet the following requirements:
- Be at least 18 years old.
- Be a resident of Missouri or a resident of another state that has reciprocity with Missouri.
- Be a citizen of the United States or a lawful permanent resident.
- Have a high school diploma or equivalent.
- Complete 72 hours of approved pre-licensing education.
- Pass the Missouri Real Estate Salesperson Exam.
- Submit fingerprints and complete a background check.
Step by step guide to get a Real Estate license in Missouri
- Complete 72 hours of approved pre-licensing education. This includes a 48-hour Salesperson Pre-Examination course and a 24-hour Missouri Real Estate Practice (MREP) course. You can take these courses online or in person, and they must be approved by the Missouri Real Estate Commission (MREC).
- Pass the Missouri Real Estate Salesperson Exam. This exam is administered by PSI Test Centers and consists of 140 questions, covering both state and national real estate laws and practices. You must score at least 70% on the national portion and 30% on the state portion of the exam to pass.
- Submit fingerprints and complete a background check. This is required to obtain a real estate license in all states. You can submit your fingerprints at a local law enforcement agency or at a PSI Test Center.
- Complete the licensing application. The MREC provides the licensing application on its website. You must submit the application, along with the required fees, to the MREC.
Once you have completed all of the requirements, the MREC will review your application and issue your real estate license. You will then be able to work as a real estate agent in Missouri.
How much does it cost to get a Real Estate license in Missouri?
The cost to get a real estate license in Missouri varies depending on the cost of pre-licensing education and other associated fees. However, on average, you can expect to pay between $350 and $800 to become a licensed real estate agent in Missouri.
Here is a breakdown of the estimated costs:
- Pre-licensing education: $149-$209
- Real estate exam fee: $65
- License application fee: $90
- Fingerprinting and background check fee: $43.05
Other potential costs may include study materials, test prep courses, and membership fees for real estate associations.
It is important to note that the cost of pre-licensing education can vary depending on the provider and the type of course you choose. For example, online courses are typically less expensive than in-person courses.
You can also save money by taking advantage of discounts and scholarships offered by pre-licensing education providers.
How Long does it take a Real Estate license in Missouri?
The average time it takes to get a real estate license in Missouri is 3-5 months. This includes the time it takes to complete the pre-licensing coursework, pass the licensing exam, and complete the application process.
The Missouri Real Estate Commission (MREC) requires applicants to complete 72 hours of approved pre-licensing education. This coursework can be taken online or in a classroom setting. Once the coursework is completed, applicants must pass the Missouri Real Estate Salesperson License Exam. The exam is administered by PSI Services and consists of two parts: a national portion and a state portion. Applicants must pass both portions of the exam with a score of 70% or higher.
Here is a breakdown of the typical timeline for getting a real estate license in Missouri:
- Complete the pre-licensing coursework: 2-4 weeks
- Pass the licensing exam: 1-2 weeks
- Submit fingerprints and background check: 3-5 days
- Complete the licensing application and pay the required fees: 2-3 days
- MREC reviews the application and issues a license: 1-2 weeks
Total time: 3-5 months
Conclusion
Getting a real estate license in Missouri is a relatively straightforward process, but it is important to make sure that you meet all of the requirements and that you are prepared for the real estate exam. By following the tips above, you can increase your chances of success and become a licensed real estate agent in Missouri.
Frequently Asked Questions (FAQ)
How do I get a real estate license in Missouri?
To get a real estate license in Missouri, you must:
- Complete 72 hours of approved pre-licensing education.
- Pass the Missouri Real Estate Salesperson Exam.
- Submit fingerprints and clear a background check.
- Apply for a real estate license with the Missouri Real Estate Commission (MREC).
How much does it cost to get your real estate license in the state of Missouri?
The cost of getting a real estate license in Missouri varies depending on the cost of pre-licensing education and the exam fee. The average cost is around $1,000.
Do you need a license to sell real estate in Missouri?
Yes, you need a license to sell real estate in Missouri.
What are the three types of Missouri real estate licenses?
The three types of Missouri real estate licenses are:
- Real estate salesperson license: This is the entry-level license required to sell real estate in Missouri.
- Real estate broker license: This license is required to open your own brokerage firm or supervise real estate salespeople.
- Associate broker license: This license is a step between the salesperson license and the broker license. It allows you to work independently under the supervision of a real estate broker.
How hard is the Missouri real estate exam?
The Missouri real estate exam is a challenging exam, but it is passable with good preparation. The exam covers a wide range of topics, including real estate law, principles, and practices.
How hard is it to get a real estate license in Missouri?
The process of getting a real estate license in Missouri is not easy, but it is achievable with hard work and dedication. You must complete the pre-licensing education, pass the exam, and clear the background check.
Is Missouri good for real estate?
Yes, Missouri is a good state for real estate. The housing market is relatively stable, and there is a strong demand for housing in many areas of the state.
How long does a real estate license last in Missouri?
A real estate license in Missouri lasts for four years. You must renew your license every four years by completing continuing education requirements.
How do real estate agents get paid in Missouri?
Real estate agents in Missouri typically get paid on commission. This means that they earn a percentage of the sale price of the property they help sell.
How do I become a broker in Missouri?
To become a broker in Missouri, you must have a real estate salesperson license for at least two years and complete 90 hours of approved broker education. You must also pass the Missouri Real Estate Broker Exam.
How do I get a broker’s license in Missouri?
To get a broker’s license in Missouri, you must:
- Have a real estate salesperson license for at least two years.
- Complete 90 hours of approved broker education.
- Pass the Missouri Real Estate Broker Exam.
- Submit a broker license application to the MREC.
Where can I take the real estate exam in Missouri?
The real estate exam is administered by PSI Testing Centers. There are PSI Testing Centers located throughout Missouri.
