10 Questions to ask your broker when you get your real estate license in Missouri or Kansas City
When you get your Missouri real estate license in Kansas City one of the most important days in your career is when you decide which broker to hang your license with. You will quickly find out the getting your Missouri real estate license is just the first part in a successful career in real estate. When you are new, you don’t know what you don’t know. Here are a list of 10 questions that your broker should be able to answer:
- What do you have in place as far as new real estate agent training or mentoring? What does it cost? Show me your last 12 months metrics on the success of the program. How many agents enrolled, how many transactions over what period of time?
- Can I see a copy of your local and regional training calendar?
- What Strategies, Systems or Techniques are your agents using to outperform the average agent in the market place?
- What is the commission split? Are all agents on the same split? Why do certain people get a different split? Why can’t I get that deal?
- At what point in my dollar volume production do I truly get to keep 100% of my commission?
- Do you have hidden or added fees that I have to pay for if my clients will not cover them i.e transaction fee, administrative fee, additional marketing fee? If so, what do I get for those fees? When do they go away?
- How much of the owner’s profit did you share back with your agents?
- Would I be able to see the office’s financial statement? Are your books open to your agent population? Why not?
- When can I earn ownership in the office?
- Do I have a say in how the money that I contribute to the company is spent?
Now that I know which questions to ask my broker, what’s next?
Getting your Missouri real estate license is just the first step in a fulfilling career in real estate. Make sure you partner with a company that views you as a business partner and not just the customer. You want to find an environment and a culture that matches up with yours. When choosing an office to hang your Missouri real estate license with, be sure that the answers you get to these questions make sense to you.
To have Keller Williams Platinum Partners answer all of these questions for you, feel free to set up a confidential consultation.
-To your success.
If you are considering getting your Missouri real estate license you may find that is is easier than you thought. The process of getting your real estate license, whether you are in Kansas City or St. Louis is pretty much the same. The Missouri Real Estate Commission mandates a certain number of classroom or online hours to get your Missouri real estate license.
Many real estate license schools in Kansas City and Missouri in general have both classes that you need.
Getting your real estate license in Missouri and Kansas City is easier than you think!
- The first class needed to get your Missouri real estate license is called the Missouri Pre-License Course, which is exactly what it sounds like. This 48 hour class prepares you to take the Missouri Real Estate License Test. Once you complete this course, either in-class or online, you are ready to take the real estate license test for Missouri , which covers national and state specific questions.
- The second class needed to get your Missouri real estate license is called the 24 hour Missouri Practice Course. This class begins to show you the “Practice” or the business workings of real estate. You will go over forms, and some very basic best practices of running a real estate business in Missouri.
Additional Steps to Get Your Missouri Real Estate License
Along with your Missouri Real Estate Classes, you will need to take the Missouri State license test. If you took the classes at a school or online they will give you the information on approved real estate license testing centers. These will be proctored exams, so be prepared to remove all personal belongings.
One last thing you need to do to get your Missouri real estate license is to get your fingerprints taken for your background check. In Missouri, you are required to use an approved third party vendor for this. Yes, even if you are cleared for top secret defense contracts, and you just came back from a 4 year tour with Homeland Security, the Missouri Real Estate Commission would like you to submit new fingerprints.
I Just Passed My Missouri Real Estate Classes and Test, Now What?
So you have complete all the requirements for your real estate license in Missouri, now what? The next decision you make after this will be the biggest decision you may make in your real estate career – which company to hang your Missouri real estate license with. Getting your Missouri real estate license is one thing, partnering with a real estate brokerage that has the tools and resources to help you get your business off the ground is a whole blog post in and of itself.
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