How to Get a Real Estate License in Missouri

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how to get a real estate license in missouri

How to Get a Real Estate License in Missouri

Real estate agents are undoubtedly significant in buying and selling commercial, industrial, and residential properties. We all know how complex such transactions can be, and that's where real estate agents come in handy. Most people pursue this profession to build long-term relationships with their clients and to help enhance the real estate purchasing and selling process.

The first step to becoming a licensed agent is to learn the essential requirements for getting your Missouri real estate license. Stick around to discover the necessary steps to obtaining your Missouri real estate license and other aspects of this career path.

Missouri Real Estate License Pre-qualifications

The following are the pre-qualifications for obtaining a real estate license in Missouri:

  • Be a resident of the United States or a legally admitted alien.
  • Be 18 years old or above.
  • Have a good moral character and a positive reputation for fair dealing and honesty.

How to Get Your Missouri Real Estate License

Step 1: Real Estate Prelicensing Course

First, you must complete two courses before proceeding to pursue your Missouri real estate license. The first prelicensing course is a 48-hour class that covers the following topics:

  • Real estate laws.
  • Real estate business.
  • Contracts and forms.
  • Fair housing regulations.
  • Government controls.

The other course is a 24-hour class called the Missouri Real Estate Practice. This prelicensing education touches on real estate agencies, construction types, valuation methods, and forms. You can take these courses separately or find an approved program that provides all 72 real estate prelicensing coursework hours.

Step 2: Pass the Course's Final Exam

After getting through the 72 hours of coursework, you can sit for your final exam. This exam determines whether you're eligible to advance to the next step of licensure or not. The minimum passing mark is 75%. You can bring your basic-function calculator to the exam room to handle math-related questions.

Step 3: Missouri Real Estate License Exam

After doing well in your course final exam, you can take the Missouri real estate license exam. PSI administers this test, so you'll need to visit their website to register. You'll find useful resources on the PSI page, such as the content outline and candidate handbook.

You'll be required to pay a $62 exam fee. The exam contains two sections that cover state and national-related questions. The national part has 100 questions which you must answer in 150 minutes. Forty additional questions cover Missouri state requirements, and you'll have 90 minutes to finish this section.

Each exam section has a passing score: national section 70/100 and state section 30/40. You'll receive your score report shortly after finishing the exam. Note that you can retake this test as many times as possible if you fail to meet the passing mark.

Step 4: Complete the Background Check

Next, you must complete your background check and fingerprint. The MREC requires all candidates to undergo a background check before applying for a real estate license. It's advisable to submit your fingerprints through a statewide vendor for agencies to conduct a state and national fingerprint-based record check.

It's equally important to have MREC's four-digit registration number before taking your fingerprint scan. This should authorize the Missouri State Highway Patrol and the FBI to deliver the results to MREC.

The fingerprinting services will cost you $41.75, which is broken down as follows:

  • IdentoGO - $8.50
  • FBI - $13.25.
  • Missouri State Highway Patrol - $20.

Once your fingerprints are submitted, the background check process will commence. MREC will examine any findings in your background report to confirm your eligibility. If necessary, they'll contact you to share any information to clear up the findings.

Note that you may be barred from obtaining a license if you have any criminal offence.

Step 5: Submit Your Real Estate License Application

With all the requirements met, it's time for a license application. You must fill out the application form correctly and pay the $90 application fee. After inputting all the relevant information into the application form, you'll send the form to the Missouri Real Estate Commission.

Here are the standard details requested in the application form:

  • Your names.
  • Social security number.
  • Delivery preference.
  • Fee payment details.
  • Address information.

After that, you'll have to wait for MREC to contact you via mail. This mail will incorporate a copy of your license.

How Much Do Real Estate Agents Make in Missouri?

A real estate agent in Missouri earns around $75,101 annually. However, individual experience, specialty, and employment setting all influence the average salary of a real estate agent.

How Much Does it Cost to Get a Missouri Real Estate License?

The cost of acquiring a real estate license in Missouri depends on the institution you choose to pursue your prelicensing education. Check out this rough approximation:

  • All fees: $200.
  • Prelicensing education: $249-$499.
  • Total estimated cost: $450-$700.

How Long Does it Take to Get a Missouri Real Estate License?

The time taken to obtain a real estate license in Missouri varies by individual. Those who take the online prelicensing course will have to wait longer than those who choose in-person classes (3-6 months).

Applicants who devote their full time to licensure and meet all requirements may take 2-3 months to obtain their real estate license.

If you want to see some examples of questions that will be on the actual real estate exam, check out our free real estate practice exam. We have been named as the best real estate exam practice for 7 years in a row!

If you need to get your required educational hours done, check out our partners for online real estate education that can be done at your own pace from home or where ever you have internet access.

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