Missouri Business Broker & M&A Advisor License Requirements
Becoming a licensed business broker or M&A advisor in Missouri requires meeting specific education, exam, and experience standards. This guide covers every requirement, fee, and regulatory pathway for Missouri as of 2025–2026.
License Type Required in Missouri Real estate broker license required. Missouri business brokers operate under the Real Estate Broker License, regulated by the Missouri Real Estate Commission (MREC).
Education Requirements
Pre-license (salesperson): 72 hours of approved coursework
Broker upgrade: 24 hrs broker pre-license course
Experience Required 2 years as licensed salesperson/broker.
Continuing Education 12 hours per 2 years required to maintain active Missouri broker license. Include mandatory ethics and law topics.
M&A Advisor Requirements in Missouri Missouri (Kansas City, St. Louis) has an active business brokerage market in healthcare, agribusiness, and distribution. Missouri Secretary of State Securities Division oversees securities laws. M&A advisors on equity transactions above $10M should evaluate FINRA Series 79 requirements.
Industry Certifications (Optional but Career-Critical)
CBI (Certified Business Intermediary) — International Business Brokers Association (IBBA)
M&AMI (M&A Master Intermediary) — IBBA, for deals $5M+
CMAP (Certified M&A Professional) — AM&AA
Series 79 (Investment Banking Representative) — FINRA, for larger M&A advisory
Series 82 (Private Securities Offerings Representative) — FINRA
How to Get Started as a Business Broker in Missouri 1. Complete 72 hrs pre-license coursework 2. Pass the PSI national + Missouri state exam 3. Obtain your Missouri salesperson/associate license 4. Work under a licensed broker for 2 years as licensed salesperson/broker 5. Complete 24 hrs broker pre-license course and pass the broker exam 6. Pursue CBI certification via IBBA to establish market credibility