Do you need a license to sell real estate in Missouri?

You must submit your Missouri real estate license to the Commission within six (6) months of completing the required 48-hour pre-licensing course and after completing the 24-hour MREP course and passing your state licensing exam.

What happens if you sell real estate without a license?

Depending on the state, a conviction for the unauthorized practice of real estate can lead to maximum penalties ranging from up to a year in jail or four years or more in a state prison. Fines. … Fines differ widely, but misdemeanor fines are typically up to about $1,000, while felony fines can reach $5,000 or more.

What do you need to be a real estate agent in Missouri?

Steps to Become a Real Estate Agent in Missouri

  • Complete 72 Hours of Approved Education. …
  • Pass the Course Final Exam. …
  • Pass the Missouri Real Estate Exam. …
  • Submit Fingerprints and Complete a Background Check. …
  • Complete the License Application.
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Do you need a degree to be a real estate agent in Missouri?

You’ll need to complete a total of 72 hours of prelicensing education in order to earn your license. This education consists of two sections: a 48-hour pre-exam salesperson course and a 24-hour Missouri Real Estate Practice (MREP) course. … Take a look at the Missouri Real Estate Commission website to learn more.

How hard is the Missouri real estate exam?

In order to pass the Missouri real estate exam, you’ll need to correctly answer at least 70 out of 100 questions on the National portion and 30 out of 40 questions on the Missouri portion. Passing the exam is much less stressful for anyone who has completed an Exam Prep course.

How much is a Missouri real estate license?

The fixed costs involved in obtaining a Missouri Salesperson real estate license include $90 for the application ($50 goes to the application fee and $40 for the original issuance of the license), $43.05 for the fingerprinting and background check fee, and $65 for the licensing examination fee.

How much does a realtor make in Missouri?

The average salary for a real estate agent in Missouri is around $48,920 per year.

Do you need a real estate license to flip houses?

You don’t need your real estate license to become a house flipper but it’s a good idea to get your real estate license because it will open up more opportunities for you throughout the process.

How do you get your real estate license in Arkansas?

How Do I get my Arkansas Real Estate License?

  1. Step 1: Be at Least 18 Years of Age. …
  2. Step 2: Register for the 60 Hours of Required Education. …
  3. Step 3: Complete Your Fingerprinting and Apply for your Real Estate License Examination. …
  4. Step 4: Take the Arkansas and National Licensing Exam.
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How do I get my California real estate license?

The California Department of Real Estate (CDRE) requires individuals to complete the following 6 steps to receive a salesperson license.

  1. Complete 135 Hours of Approved Pre-License Education.
  2. Pass the Course Final Exam.
  3. Pass a Criminal Background Check.
  4. Pass the California Salesperson License Exam.

How hard is the real estate exam?

Real estate exams are designed to be difficult to pass, so they can weed out people who are not going to be skilled agents. Though the pass rate varies based on the state exam, they hover around 50% across the country. This means only about half of the people who take a state licensing exam pass.

What disqualifies you from being a real estate agent in Missouri?

An application may be denied, or a real estate license may be revoked for the following reasons: · Any person who has been shown to be guilty in a court of law for: · Embezzlement · Forgery · Criminal Conspiracy to defraud, among other convictions. Missouri Statute 556.061. (8).

Can you be a part time realtor?

Yes, you absolutely can be a part-time real estate agent with a full-time job, as long as you employ excellent time management skills and don’t mind being busy. The most popular open house times are evenings and weekends because most people looking to buy or rent a new home likely also work a 9-5 schedule.

How many times can I take the real estate exam in Missouri?

According to PSI Services, applicants may take the Missouri State real estate exam as often as they like, with no defined exam limits.

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