If I start as a real estate agent in Missouri, would it be hard to change to a different state?

Answer 1

Most states, except for Texas, have reciprocating agreements with other states. You would have to check with Missouri to find out which states are applicable. Texas has no such agreements.

The alternative is if you don't want to actively list and sell real estate in your new state, licensing laws allow you to benefit from referral business as long as you are licensed in any state. For instance, you have a license in Missouri, you live in Ohio but your cousin is moving to Michigan, you could refer the business to an associate in Michigan or anywhere for that matter and they could legally pay you for that referral.

I am an affiliate with a national company who has a great referral organization for people who either don't want to sell and list but want to benefit from referral business. For example, I have a team member who is in human resources with the military. She writes the personnel orders. She, after getting their permission, refers those people to my team and makes a great second income that so far has surpassed her military pay. She was planning on retiring next year but she would be loosing her referrals. She is licensed in Tennessee, I am in Louisiana.

Answer 2

real estate licenses are STATE-SPECIFIC. this means, for the most part, you cannot have a MIssouri Real Estate License and practice in South Carolina. You can only have one license at a time, and it has to be for the state you reside in. some states (typically neighboring states) have reciprocity, which means all you must do is pass the state portion of the Real Estate Test in that particular state. you still can only have one license at a time, and only be licensed in one state.

however, you CAN participate in a referral program. you can refer clients to or recieve client referrals from agents in other states, without being licensed in those states, and still recieve part of the commission.

Answer 3

some licenses switch over to other states, but be sure you move to a state that accepts a missouri license for real estate.

Answer 4

If you signed a agreement with the primary agent you should still be required to pay her fee, generally those contracts are for six months. Review your purchaser agent contract and notice what the recommendations are. I believe she has each correct to be disillusioned and wish her fee.

Answer 5

I know of other agents who transferred to Ohio and they have to take our classes and tests. I remember a couple sleeping in class. They were just there to get there 120 hours in.