How to become a licensed real estate broker in Missouri, MO

Learn how to become a licensed real estate broker in Missouri, MO, and how long it takes, using our guide. Discover what career path fits you.?
Are you interested in becoming a licensed real estate broker in Missouri? If so, there are a few requirements you need to meet before you can start your career in this field. First and foremost, you must be at least 18 years old and have a high school diploma or equivalent. You also need to complete 48 hours of pre-examination coursework from an approved provider. This coursework covers topics such as real estate law, contracts, and finance. Once you have completed your coursework, you can apply to take the Missouri Real Estate Broker Examination. This exam consists of both national and state-specific questions and is administered by PSI Services LLC. You must pass both portions of the exam with a score of at least 75% to become licensed.
In addition to passing the exam, you must also meet certain experience requirements. You must have been actively licensed as a real estate salesperson for at least 24 of the 30 months preceding your application for a broker's license. You must also provide proof of completing at least 60 real estate transactions during that time. Finally, you must submit an application and pay the required fees to the Missouri Real Estate Commission. Once your application is approved, you will receive your broker's license and can start your career in real estate. For more information on becoming a licensed real estate broker in Missouri, visit the Missouri Real Estate Commission's website or contact them directly. Good luck on your journey to becoming a licensed real estate broker!

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Key skills and competencies
To become a licensed real estate broker in Missouri, it is important to possess a variety of key skills and competencies. These include strong communication and interpersonal skills, as brokers must be able to effectively communicate with clients, negotiate deals, and build relationships with other industry professionals. Additionally, brokers must have a deep understanding of the real estate market and trends, as well as knowledge of legal and financial aspects of the industry. Attention to detail, organization, and time management skills are also crucial for success in this role. Finally, brokers must be self-motivated and able to work independently, as well as possess strong leadership skills to manage a team of agents. By developing these skills and competencies, aspiring brokers can position themselves for success in the Missouri real estate industry.
Local salary expectations or estimates
As a licensed real estate broker in Missouri, you can expect to earn a competitive salary. According to the Bureau of Labor Statistics, the median annual wage for real estate brokers in Missouri is $58,720. However, your earnings will depend on a variety of factors, including your experience, the size of your brokerage, and the local real estate market. Some brokers earn well over six figures, while others may earn less. It's important to research the local market and understand the demand for real estate services in your area to get a better idea of what you can expect to earn as a licensed broker in Missouri.

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