Becoming a real estate agent is certainly rewarding, as well as a well-paid profession for those who are interested in this type of work. The main job of a real estate agent is to help clients with different properties. This can include helping with selling, buying, negotiating deals, renting, and dealing with the paperwork involved with the deals. If you decide on becoming a real estate agent, then there are some steps that you will have to take first. You will have to meet certain eligibility requirements, complete pre licensing courses, pass a real estate licensing exam, and lastly find a sponsoring broker who will sponsor you and let you work with them. You will also have to do continuing education courses in order to keep your license, but that is not the topic we are going to cover today.
We will go over Missouri real estate licensing. We will cover the basic questions that you might have regarding the whole process. Additionally, we will cover every step that you need to take as well in order to become a licensed real estate agent in the state of Missouri. So, if you are interested in the topic, take a few minutes and let us help you with your questions.
How Long Does it Take to Get a Real Estate License in Missouri?
The most common question asked is, how many weeks does it take to get a real estate license in Missouri? Well, in general, to become a licensed real estate agent in the state of Missouri it will take anywhere from 3 months up to 5 months. All in all, the major factor that impacts the necessary time is the students themselves. It depends if you take the classes online or in person, and of course how much time you have dedicated to exam prep.
How Much Does it Cost to Get a Real Estate License in Missouri?
When it comes to the costs of becoming a real estate agent in the state of Missouri, it all depends on a few factors. First of all, the main cost influence is the school you pick. Different schools can have different tuition costs. It also depends on the education program you decide to purchase. To give an answer, on average, you can expect to pay anywhere between $350 and $800. Here is everything that goes into the price.
First of all, the majority of the price will be the course tuition. This can cost anywhere from $135 to $500. Other costs are fees such as fingerprinting and background check fee which is $43.05, application fee which is $90, and lastly examination fee which is $62.
How to Get a Commercial Real Estate License in Missouri?
In this segment, we will cover a step-by-step process of getting a real estate license in Missouri. Here is what you need to know. Before we begin, there is one prerequisite which is that you must be 18 years of age or older.
Steps
Now, the first step in the process of acquiring a license is that you complete an educational course that is approved. This pre license course is 72 hours long and it consists of two parts. The first part is a 48-hour salesperson course and the second part is a 24 hours Missouri real estate practice course or MREP for short.
The second step is the final exam of the course. After you complete the necessary 72-hour course, in order to pass the exam you will have to have at least 75% or higher on the final score.
The third step is the Missouri real estate exam. After you pass the final exam of the course, you are presented with two more final exams. This includes both state and national portions of the Missouri Salesperson License Exam which is held at the PSI Testing Center. As we said, this consists of two portions with 140 questions in total. First, there is a national portion. This consists of 100 questions, and to pass you must answer correctly at least 70 questions. After that, you will have to complete the state portion. This consists of 40 questions, and to pass you must correctly answer a minimum of 30 questions. To schedule your exam, you can do so online on the official PSI website.
The fourth step will require you to submit your fingerprints as well as a full background check. To submit your fingerprints, you need to use IDEMIA (IdentoGO). As for the background check, it will be done by the state of Missouri and includes your federal criminal history background.
The fifth and final step consists of a license application. Now that you have completed everything, the last step is to apply for the license. You can do so through the Missouri Division of Professional Registration, MDPR for short, and once you get it, you will be a licensed real estate agent in the state of Missouri.
