Real Estate License

The requirements to obtain Salesperson and Broker Licenses are controlled by State Governments and enforced by the State’s real estate governing body. In Missouri, real estate practice is overseen by the Missouri Real Estate Commission (MREC). On August 28^th, 2006 an amendment to existing rules and regulations took effect increasing requirements for obtaining a Broker License.

Prior to August 28^th, to be eligible for a Broker License an individual needed to either;

a) have been actively involved in the Real Estate business under a licensed Broker

for 12 of the previous 18 months, or

b) have taken a 48 hour Broker License course.

With both choices, the individual would have to take and pass the Broker exam and apply for a Broker License with the MREC. After August 28^th, individuals need to be actively involved in the real estate business under a licensed Broker for 2 years to be eligible to take the licensing exam and must still apply through the MREC.

The information regarding this bit of legislation was an important factor in my decision to obtain both Salesperson and Broker Licenses simultaneously. I learned of the change when I was in Wyoming through a friend’s father with whom I had met and expressed my interest in the commercial real estate industry in St Louis.