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SALESPERSON LICENSE

To obtain a Missouri Salesperson license, applicants must be at least 18 years of age and fulfill all of the following requirements:

1.  Earn a Certificate of Satisfactory Completion from a 48-hour pre-exam Salesperson Course through an accredited Missouri real estate school, followed by taking and passing Both portions of the Missouri salesperson examination.
2.  Complete the 24-hour Missouri Real Estate Practice Course (MREP).  The MREP course can be taken before or after your State and National examination, but may not be taken before the completion of the 48 hour pre-licensure course.
3.  Complete the fingerprinting and background check required through www.machs.mo.gov.
4.  Complete and submit an application for license within six months of your completion of the 48-hour pre-examination salesperson course.


SALESPERSON PRE-EXAM COURSE

The 48 Hour Pre-examination Course is designed to prepare students for the State and National Exam.  The curriculum includes ownership of property, freehold and leasehold estates, legal description, property management, discrimination, agency relationships. valuation (appraisal) of property, financing, Missouri License Laws and Rules, along with real estate math and closings.  NOTE:  STUDENTS WILL BE REQUIRED TO PASS A FINAL EXAM IN ORDER TO RECEIVE A CERTIFICATE OF COMPLETION.


MISSOURI REAL ESTATE PRACTICE COURSE

The 24 Hour Missouri Real Estate Practice Pre-Licensure Course features the actual day-to-day activities and practice of a real estate licensee.  The major topics include applying value to property, working through a "practice" real estate transaction from start to finish - including filling out a listing, completing a real estate contract, a counter-offer, and applying the necessary information to the closing documents.  In addition, students will learn how to pre-qualify buyers and become familiar with various financing possibilities.  Quality of construction and various home styles will also be addressed. 
 
 
ADDITIONAL TUTORING OPTIONS 
 
Although our instructors have limited time alloted, pre scheduled tutoring sessions are available for the serious student.

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BROKER LICENSE

To obtain a Missouri broker license, applicants must be 18 years of age and fulfill All the following requirements:

1.  Hold a current and active Missouri salesperson license for at least 24 of the last 30 months immediately preceding the application for license.
2.  Earn a Certificate of Satisfactory Completion from a 48-hour pre-exam broker course by an accredited Missouri real estate school on or before the exam
     date. 
3.  Pass Both portions of the Missouri broker exam.  
4.  Application for license must be submitted within six months of the completion date of the 48-hour pre-exam broker course.


BROKER PRE-EXAM COURSE

The 48 Hour Broker Pre-examination Course is designed to prepare students for the State and National Broker Exam.  Since brokers require a greater knowledge base, instruction will be directed toward assimilation-type questions and discussion, as well as focusing on the responsibility involved in making judgement calls and critical decisions.  The curriculum includes ownership of property, freehold and leasehold estates, legal description, responsibilities in managing property - including personal, management agreements, escrow accounts and discrimination.  The student will also be exposed to brokerage and agency, financing, valuation (appraisal) of property, Missouri License Laws and Rules relating to brokerage, real estate math, and closing statements.


REAL ESTATE CONTINUING EDUCATION

Each real estate licensee who holds an active license shall complete during the two (2)-year period prior to renewal, as a condition precedent to license renewal, a minimum of twelve (12) hours of real estate instruction approved for continuing education credit by the Missouri Real Estate Commission.  An active license is any license issued by the commission except those which have been placed on inactive status.  

At least three (3) of the twelve (12) hours of approved instruction shall be taken in a course identified by the Missouri Real Estate Commission as a core class.  The balance of the twelve (12) hours of instruction shall consist of elective courses which have been approved for continuing education credit by the Missouri Real Estate Commission.

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APPRAISAL COURSES

Lifetime Learning offers courses for appraisal trainee, licensure and certification.  The scope of practice for the Appraiser Trainee Classification is the appraisal of those properties that the supervising Certified appraiser is permitted by his/her current credential and that the supervising appraiser is qualified to appraise.  The Licensed Residential Real Property Classification applies to the appraisal of non-complex one to four residential units having a transaction value less than $1,000,000, and complex one-to-four residential units having a transaction value less than $250,000.  The Certified Residential Real Property Appraiser Classification qualifies the appraiser to appraise one to four residential units without regard to value or complexity.  The classification includes the appraisal of vacant or unimproved land that is utilized for one to four family purposes or for which the highest and best use is for one to four family purposes.  

APPRAISER TRAINEE REQUIREMENTS  
 
Examination:  There is no examination requirement for the Appraiser Trainee Classification, but the trainee shall pass examinations in the prerequisite courses in order to earn credit for core education courses.  

Qualifying Education:  As the prerequisite for application, an applicant must have completed 75 creditable class hours as specified in the required Core Curriculum.  Additionally, applicants must pass the Core Curriculum examinations and pass the 15-Hour National USPAP Course and examination. The core curriculum includes:

Basic Appraisal Principles..............................................................................30 Hours.
Basic Appraisal Procedures...........................................................................30 Hours.
The 15-Hour National USPAP Course.........................................................15 Hours.

Experience:  No experience is required as a prerequisite for the Appraiser Trainee Classification.  Please remember that Missouri regulations require that an applicant register as a trainee with the Commission prior to accruing any experience hours. This means that if an applicant has been under supervision but did not register as a trainee, the experience will not count.  Note:  Trainees who register on or after July 1, 2013 will be required to have completed 75 hours of qualifying education within the five year period prior to submission of the trainee application.



LICENSED RESIDENTIAL REAL PROPERTY APPRAISER

Examination:  The AQB approved Licensed Residential Real Property Appraiser Examination must be successfully completed.  The only alternative to successful completion of the Licensed Residential examination is the successful completion of the Certified Residential or Certified General examination.
 
The prerequisites for taking the AQB-approved examination are completion of:
 
1.  One hundred fifty (150) creditable hours as specified in the Required Core Curriculum.
2.  Completion of the college-level education requirements of 30 semester hours from an accredited college, university, junior college or community
     college.  Applicants holding an Associated degree, or higher, from an accredited college, junior college, community college, or university 
     satisfy the 30-hour college-level education requirement. 
3.  Two thousand (2,000) hours of qualifying experience in no fewer than twelve (12) months.           

Qualifying Education:  As part of the 150 required hours, the applicant shall successfully complete the 15-Hour National USPAP Course, or its AQB-approved equivalent, and the examination.  There is no alternative to successful completion of the USPAP Course and examination.   The core curriculum includes: 

Basic Appraisal Principles..................................................................................30 Hours.
Basic Appraisal Procedures...............................................................................30 Hours.
The 15-Hour National USPAP Course.............................................................15 Hours.
Residential Market Analysis And Highest And Best Use..............................15 Hours.
Residential Appraiser Site Valuation And Cost Approach............................15 Hours.
Residential Sales Comparison And Income Approaches.............................30 Hours.
Residential Report Writing And Case Studies.................................................15 Hours.



CERTIFIED RESIDENTIAL REAL PROPERTY APPRAISER

Examination:  The AQB approved Certified Residential Real Property Appraiser Examination must be successfully completed.  The only alternative to successful completion of the Certified Residential examination is the successful completion of the Certified General examination.  
 
The prerequisites for taking the AQB-approved examination are completion of:
 
1.  Two hundred (200) creditable class hours as specified in the Required Core Curriculum.
2.  A Bachelor's degree, or higher, from an accredited college or university.
3.  Two thousand five hundred (2,500) hours of qualifying experience obtained in no fewer than twenty-four (24) months.
 
Qualifying Education:  As part of the 200 required hours, the applicant shall successfully complete the 15-Hour National USPAP Course, or its equivalent, and examination.  There is no alternative to successful completion of the USPAP Course and examination.  The core curriculum includes:  
 
Basic Appraisal Principles...........................................................................30 Hours.
Basic Appraisal Procedures........................................................................30 Hours.
The 15-Hour National USPAP Course......................................................15 Hours.
Residential Market Analysis And Highest And Best Use.......................15 Hours.
Residential Appraiser Site Valuation And Cost Approach.....................15 Hours.
Residential Sales Comparison And Income Approaches......................30 Hours.
Residential Report Writing And Case Studies.........................................15 Hours.
Statistics, Modeling And Finance................................................................15 Hours.
Advanced Residential Applications And Case Studies..........................15 Hours.
Appraisal Subject Matter Electives..............................................................20 Hours.


APPRAISAL CONTINUING EDUCATION

Every appraiser must complete fourteen classroom hours of instruction in courses or seminars for each year during the period preceding the appraiser's renewal year.  For example, a two-year continuing education term would require twenty-eight hours.

The purpose of continuing education is to ensure that the appraiser participates in a program that maintains and increases his/her skill, knowledge and competency in real estate appraising.  Continuing education hours may be obtained anytime during the term.

Appraisers must successfully complete the seven-hour National USPAP Update Course, or its equivalent, at a minimum of every two years.  



                                                       


Lifetime Learning 3259 E Sunshine STE F, Springfield Mo. 65804

(417) 887-2221 or call Toll Free 1-800-383-3365

E-Mail at

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