Real Estate Exam- Missouri Portion only Mostly Tested Questions and Correct Answers (100% Pass)
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RE state
Institution
RE State
7 Members. Have to have been a us citizen for 1 year at least. Appointed by
the governor with consent of the Missouri senate. 6 members must have been
licensed brokers for 10 years. 1 member from general public.
The MREC is made up of
All members to vote. Members may hold an inactive license...
Real Estate Exam- Missouri Portion
only Mostly Tested Questions and
Correct Answers (100% Pass)
7 Members. Have to have been a us citizen for 1 year at least. Appointed by
the governor with consent of the Missouri senate. 6 members must have been
licensed brokers for 10 years. 1 member from general public.
✓ The MREC is made up of
All members to vote. Members may hold an inactive license during
employment. Cannot be actively involved in the real estate business. $75 a
day when meeting. Plus expenses.
✓ The MREC allows
Protect the public. Established by state legislature.
✓ Purpose of MREC
True. Any person, corporation, partnership or association licensed by the
MREC could be accused of a license law violation. Which is a class B
misdemeanor. Anyone not licensed is not subject to MREC rules besides
✓ If broker changes the company office the MREC needs notice within
June 30th every 2 years
✓ License renewal for brokers are
September 30th every 2 years.
✓ License renewal for salespersons
Broker cannot tell them HOW to do something. They can tell them what to do.
They also get tax form 1099.
✓ Independent contractors
Only one
✓ How many brokers are allowed per company?
Sends brokers license to the MREC for safe keeping and operates as a
broker-salesperson. Can act as a branch sales manager and can continue to
Master01 | November, 2024/2025 | Latest update
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