In Missouri, becoming a realtor can be an exciting and rewarding career endeavor. A realtor is a licensed professional representing buyers and sellers in real estate transactions. They often work under the supervision of brokers and are responsible for marketing properties, negotiating deals, and managing the transaction process. As a realtor, you can help people find their dream homes, navigate the complexities of the real estate market, and start an LLC in Missouri.
However, before starting your journey to Becoming a Realtor in Missouri, you must complete several steps to obtain your real estate license. This comprehensive guide will walk you through the entire process, so you can confidently begin your new career.
Webinarcare Editorial Team will help you gain knowledge through thorough research and market study. Before becoming a realtor in Missouri, all the steps in this article must guide you.
On this page, you’ll learn about the following:
- What is a Realtor?
- How to Become a Realtor in Missouri
- Step 1: Understand The Requirements
- Step 2: Complete Pre-License Education
- Step 3: Pass The Real Estate Licensing Exam
- Step 4: Submit Your Application and Fees
- Step 5: Complete a Background Check
- Step 6: Obtain Errors & Omissions (E&O) Insurance
- Step 7: Choose a Brokerage and Start Your Career
- Step 8: Pursue NAR membership
- Average Income of a Realtor in Missouri
- FAQs
What is a Realtor?
A realtor is a licensed real estate professional member of the National Association of Realtors (NAR) and adheres to their code of ethics. They may work as individuals, within a real estate brokerage, or as part of a limited liability company (LLC) or a corporation. Their services include representing buyers and sellers in real estate transactions, assisting with property management, and providing guidance on real estate investments, including rental properties.
The requirements to become a realtor in Missouri may vary, but here are the general steps:
- Education: Complete the required pre-licensing real estate education courses. In Missouri, this typically involves completing a certain number of hours of approved coursework.
- Examination: Pass the Missouri-approved real estate licensing exam. The exam tests your knowledge of real estate laws, practices, and ethics. Study materials and exam preparation courses are available to help you succeed.
- Application: Submit a real estate license application to the Missouri Real Estate Commission. This application includes documentation such as proof of education, exam results, background check, and fees.
- Background Check: Missouri requires applicants to undergo a criminal background check. This usually involves providing fingerprints and consent for the background investigation.
- Join a Brokerage: Agents must work under a licensed real estate broker in Missouri. Find a reputable brokerage that aligns with your career goals and values and provides new agents with the necessary support and mentorship.
- Membership: Consider joining the National Association of Realtors (NAR) and local real estate associations. Membership offers valuable resources, networking opportunities, and access to multiple listing services (MLS), simplifying clients’ buying and selling process.
It’s crucial to note that real estate licensing requirements can change, and it is recommended to check with the Missouri Real Estate Commission for the most up-to-date and specific requirements.
Embarking on the journey to become a realtor in Missouri is not simply about selling houses, it’s about building dreams, yours included. Take the leap and start an LLC. With every property you sell, you’re not just making a living; you’re creating a business that can evolve, grow, and create lasting success.
– WEBINARCARE EDITORIAL TEAM
How to Become a Realtor in Missouri
Suppose you’re considering becoming a realtor and want to form a professional corporation in Missouri. In that case, it’s essential to understand the steps and requirements involved in obtaining your license and starting your professional journey. This step-by-step guide will walk you through the entire process of becoming a realtor, from understanding the requirements to choosing a brokerage.
Step 1: Understand The Requirements
Before becoming a realtor in Missouri, you must understand the requirements to obtain your Missouri real estate license. Missouri has unique requirements, so it’s crucial to familiarize yourself with the specific rules and regulations. In general, to become a realtor in Missouri, you must:
- Be at least 18 years old.
- Have a high school diploma or equivalent
- Complete the required pre-license education
- Pass the Missouri real estate licensing exam
- Submit your application and fees to the Missouri real estate commission
- Complete a background check
- Obtain Errors & Omissions (E&O) insurance
It’s important to note that Missouri may have additional requirements or prerequisites to become a licensed realtor. Check with the Missouri real estate commission for the most up-to-date information.
Becoming a realtor in Missouri is ideal if you want to start an LLC for your real estate company. We recommend these LLC Formation Services in Missouri if you plan to form one.
LLC Service | Rating & Pricing | Top Features | Learn More |
#1 Recommendation  | $0 + State fee |
| |
 | $299 + State fee |
|
Step 2: Complete Pre-License Education
To become a realtor in Missouri, you must fulfill Missouri pre-license education requirements. Typically, this involves completing a certain number of hours of coursework from an approved real estate school. The curriculum usually covers real estate principles, practices, and laws specific to Missouri.
When choosing a real estate school, ensuring the Missouri real estate commission approves them is important. Many schools offer online and in-person courses, so consider your learning preferences when selecting a program. Additionally, consider the school’s reputation and course pass rates, as this can indicate the quality of their instruction. However, you can still enroll in real estate courses before your licensing exam. Here are the real estate courses and schools in Missouri.
- Missouri Real Estate School, Real Estate Express, and The CE Shop
Step 3: Pass The Real Estate Licensing Exam
After completing the required pre-license education, the next step is to pass the Missouri real estate licensing exam. The exam typically consists of two parts: a national portion that covers general real estate principles and a specific portion that covers Missouri real estate laws and regulations.
To prepare for the exam, consider using study materials and practice exams provided by your pre-license education provider. Additionally, seek out other resources, such as online practice tests and exam prep books, to ensure you’re well-prepared for the test.
On exam day, bring the required identification and any necessary materials. Remember to arrive early to allow for any registration processes, and be prepared to spend several hours at the testing center. Once you’ve completed the exam, you will receive your results. If you pass, you can move on to the next step in the licensing process. If you don’t pass, don’t be discouraged. Missouri allows multiple attempts, so take the time to review the areas where you struggled and retake the exam when ready. The exam fee is $62.
Make sure to pass the first attempt of the licensing exam.
Step 4: Submit Your Application and Fees
After passing the Missouri real estate licensing exam, you must submit your license application and fees to the Missouri real estate commission. The application typically requires you to provide information about your education, exam results, and background check. Be sure to complete the application accurately and thoroughly, as any discrepancies or omissions may delay the processing of your license.
The licensing fee in Missouri costs $50. However, there are additional costs associated with processing your background check. Review the fee schedule for Missouri and ensure you submit the correct amount with your application.
Step 5: Complete a Background Check
You must complete a background check as part of the licensing process in Missouri. This ensures you meet the moral character requirements of the Missouri real estate commission. The background check typically involves submitting your fingerprints and any necessary forms to the appropriate agency for processing.
Review the guidelines for Missouri and follow the instructions to ensure your background check is completed accurately and efficiently.
Step 6: Obtain Errors & Omissions (E&O) Insurance
Obtaining Errors & Omissions (E&O) Insurance is required to obtain your real estate license in Missouri. E&O insurance is a type of professional liability insurance that protects realtors from claims related to mistakes or negligence in their professional services.
If E&O insurance is required in Missouri, research and select a policy that meets the state’s requirements before submitting your license application. Even if it’s not a requirement in Missouri, it’s still a good idea to consider obtaining E&O insurance to protect yourself and your business—the costs of obtaining E&O insurance range from $500 to $1,200 per year.
Step 7: Choose a Brokerage and Start Your Career
Once you’ve obtained your Missouri real estate license, the final step is to choose a brokerage to work under. A brokerage is a real estate firm that employs licensed agents and brokers. As a new realtor, you’ll work under the supervision of a broker who can provide guidance, support, and resources to help you succeed in your new career.
When choosing a brokerage, consider its reputation, commission structure, training and support programs, and company culture. Selecting a brokerage that aligns with your professional goals and provides an environment where you can thrive is essential. You can also find ways to become a realtor by starting a rental property LLC in Missouri.
Recommended: Begin your journey to become a realtor with the first bold step by using Legalzoom’s LLC formation services. When you start an LLC with Legalzoom, you’re not just making a business transaction, you’re carving out a future in real estate on your own terms. Equipped with ambition and the right tools, your path to success is clearer than ever. That’s why we recommend –
– LegalZoom – ($0 + State Filling Fees)
Step 8: Pursue NAR membership
Join the National Association of Realtors to become a realtor. Find your local real estate association and confirm the membership criteria, including an application and an annual fee. If you join NAR, you can enroll in continuing education and other professional courses. You can also access market data and services to help you be more efficient as a realtor.
Average Income of a Realtor in Missouri
The average income for a realtor in Missouri varies depending on experience, location, and market conditions. Still, according to the Bureau of Labor Statistics, the median annual wage for a realtor in Missouri is around $47,000.
FAQs
Also Read
- Become a Realtor in Alabama
- Become a Realtor in Alaska
- Become a Realtor in Arizona
- Become a Realtor in Arkansas
- Become a Realtor in California
- Become a Realtor in Colorado
- Become a Realtor in Connecticut
- Become a Realtor in DC
- Become a Realtor in Delaware
- Become a Realtor in Florida
- Become a Realtor in Georgia
- Become a Realtor in Hawaii
- Become a Realtor in Idaho
- Become a Realtor in Illinois
- Become a Realtor in Indiana
- Become a Realtor in Iowa
- Become a Realtor in Kansas
- Become a Realtor in Kentucky
- Become a Realtor in Louisiana
- Become a Realtor in Maine
- Become a Realtor in Maryland
- Become a Realtor in Massachusetts
- Become a Realtor in Michigan
- Become a Realtor in Minnesota
- Become a Realtor in Mississippi
- Become a Realtor in Missouri
- Become a Realtor in Montana
- Become a Realtor in Nebraska
- Become a Realtor in Nevada
- Become a Realtor in New Hampshire
- Become a Realtor in New Jersey
- Become a Realtor in New Mexico
- Become a Realtor in New York
- Become a Realtor in North Carolina
- Become a Realtor in North Dakota
- Become a Realtor in Ohio
- Become a Realtor in Oklahoma
- Become a Realtor in Oregon
- Become a Realtor in Pennsylvania
- Become a Realtor in Rhode Island
- Become a Realtor in South Carolina
- Become a Realtor in South Dakota
- Become a Realtor in Tennessee
- Become a Realtor in Texas
- Become a Realtor in Utah
- Become a Realtor in Vermont
- Become a Realtor in Virginia
- Become a Realtor in Washington
- Become a Realtor in West Virginia
- Become a Realtor in Wisconsin
- Become a Realtor in Wyoming
How to Save Money While Starting a Becoming Realtor in Missouri
The first step to saving money as a new realtor is to set a strict budget and stick to it. Determine how much money you are willing to invest in your new career and create a realistic plan for how you will spend it. This will help you avoid overspending on unnecessary expenses and ensure that you are prepared for any unforeseen costs that may arise.
Another way to save money while starting a career as a realtor in Missouri is to take advantage of free or low-cost resources. There are many online platforms and networking events specifically designed for real estate professionals that can provide valuable information and support without costing a fortune. Additionally, many real estate companies offer training programs and resources to help new agents get started, so be sure to take advantage of these opportunities.
Networking is also key to saving money as a new realtor. By building relationships with other real estate professionals, you can gain access to referrals and business opportunities that can help you grow your business without spending a lot of money on marketing and advertising. Attend local real estate events, join professional organizations, and reach out to experienced agents for advice and support.
When it comes to marketing your real estate business, there are plenty of cost-effective strategies you can use to save money. Consider creating a strong online presence through social media and a professional website, which can help you reach potential clients without spending a lot on traditional advertising. You can also participate in local community events and sponsorships to increase your visibility and attract new clients.
Finally, don’t overlook the importance of education and training in saving money as a new realtor. By investing in continuing education courses and professional development opportunities, you can stay up-to-date on industry trends and regulations, which can help you avoid costly mistakes and ensure your success in the long run. Additionally, by learning from experienced agents and mentors, you can gain valuable insights and advice that can help you navigate the real estate market with confidence.
In conclusion, starting a career as a realtor in Missouri doesn’t have to break the bank. By setting a budget, taking advantage of free resources, networking with other professionals, using cost-effective marketing strategies, and investing in education and training, you can save money and set yourself up for success in the real estate industry. By being strategic and proactive in your approach, you can build a successful real estate business that is both financially sustainable and personally fulfilling.
Conclusion
Becoming a realtor in Missouri is a rewarding career choice that offers flexibility, the potential for financial success, and the opportunity to help people navigate the complex world of real estate. Following the steps outlined in this guide and dedicating yourself to learning and growth, you can embark on a successful and fulfilling career as a realtor in Missouri.