Meet John Tallarigo. John is the education content developer and is working on expanding PREC coursework into new states and additional courses for our current states. His interest in property law led him to get his real estate license while studying for the bar exam! John is a graduate of NKU Chase College of Law '16 and earned his undergraduate degree from Northern Kentucky University '11. He loves the Cincinnati Bengals!
A Complete Guide to Getting Your Real Estate Broker License in Kansas
You’ve been licensed in Kansas for a few years. You’ve hit your sales goals every year, done countless transactions, and now you’re the expert agent at your broker company. What’s next? Audition for an off-Broadway production of Annie because I’m bald and like cigars like Daddy Warbucks?
No, you’re never fully dressed without your broker license! Whether you want to start your own broker company and have agents work for your, or whether you want to be a branch or supervising broker for one of the big guys, the next step is getting your Kansas Real Estate Broker License. This blog will give you a complete understanding of everything you need to do to get your broker license.
Age
According to the Kansas statutes, you only have to be 18 to qualify for a broker license. The same information is written on the Kansas Real Estate Commission website. However, you need to be licensed as a salesperson for at least 2 years before you can become a broker in Kansas. At a minimum, you would need to be 20 years old, and even then, depending on your experience you may not be licensed. But more on the experience requirement in a moment!
Education
Just like your salesperson license, you need a high school diploma or GED equivalent. You also need to complete 60 hours of approved broker courses. Specifically, you have to complete an approved 30-hour Real Estate Broker Fundamentals Course within 1 year of applying to the KREC and an approved 30-hour Real Estate Broker Management course within 6 months of applying to the KREC. You can take each separately from different schools if you want, but Daddy Warbucks wants you to save some money and purchase them together.
Experience
Here is the easy part of the experience: you will need to be licensed as a salesperson for at least 2 of the last 3 years. The more complicated part is that Kansas requires a specific amount of what they call “transaction points” to be licensed as a broker.
If you have 40 “transaction points” or more, you can be licensed as a broker without restriction after 2 years of being licensed as a salesperson. If you have 30 or more points, you can be licensed without restriction after 3 years of being licensed as a salesperson.
If you have 20-39 points, you may be licensed with some restrictions after 2 years as a salesperson. If you fall in the 20-39 category, you would not be permitted to supervise licensees as a branch or supervising broker.
For a commercial or agricultural land sale over $1,000,000, you get 3 points. All other transaction types get you 1 point. You won’t get points for transactions as a residential property manager. You can only count up to 10 points for transactions you have a personal interest in.
Exam
Kansas now offers its real estate licensing exams through PearsonVue. There is an $82 fee for first-time takers and a $75 fee for retaking the exam. The format is identical to the salesperson exam; you will take the test in a testing center and there will be a national portion and a state portion. You will have 4 hours to answer 120 questions and obtain a scaled score of 70. For more information, make sure you read the candidate booklet and content outlines.
Fees and Forms
You will need to follow the instructions on the KREC Broker Checklist. There is also an application fee and a background check fee. You will need to fill out the Broker Experience pages with a transaction log or MLS sheet as proof of your experience.
Broker Reciprocity
If you are already licensed in another state, your requirements to get a broker license are a little different. You won’t have to take the 30-hour Broker Fundamental course. You will have to take the 30-hour Broker Management course as well as a 4-hour Kansas Law course. You will also need to fill out the Nonresident Form and pay an application fee, as well as conduct a background check.
Now stop binging HBO and Apple TV and get started on your broker license! If you have any questions about getting your Kansas license, do not hesitate to call, text, email, or live-chat me at 859-525-0303 and john@perryrealestatecollege.com!
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