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Exam (elaborations)

Missouri Real Estate License Law

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  • Missouri Real Estate License Law
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  • Missouri Real Estate License Law

Missouri Real Estate License Law A salesperson, licensed in another state (not in Missouri), is visiting St. Louis and helps her father sell his listed property. The agent finds a buyer through a local church group and successfully negotiates the sale of the St. Louis residence. The salespers...

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  • September 1, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Missouri Real Estate License Law
  • Missouri Real Estate License Law
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Missouri Real Estate License Law
A salesperson, licensed in another state (not in Missouri), is visiting St. Louis and helps her father sell his
listed property. The agent finds a buyer through a local church group and successfully negotiates the
sale of the St. Louis residence. The salesperson is entitled to which of the following considerations from
the listing broker of her father's property?

✔️ No commission is due to the agent because she is not licensed in MO.



A buyer was told, by a licensed agent, that the secondstory window air conditioner would remain with
the house if the buyer paid the asking price. The salesperson had not confirmed this with the seller, and
the seller removed the unit before closing. The buyer paid the full price for the house then discovered
the unit missing and contacted the MREC to file a complaint. Which of the following statements is
correct?

✔️ The MREC may suspend the salesperson's license for making a misrepresentation.



A friend who was getting a divorce called the broker to ask the broker to complete a quit claim for the
friend to deed the property to his exwife. Can the broker do this?

✔️ No since he is not a party to the transaction, he would be practicing law if he completed the form.



How many broker members are there on the MREC?

✔️ 6



To renew an active license, how many elective hours of continuing education do you need?

✔️ 9 hours



A salesperson did not renew his/her license, or take twelve (12) hours of continuing education. Three
(3) months later, he/she decides to renew. What must a salesperson do to renew a license under these
circumstances?

✔️ Pay the fee and take the 24hour Missouri practices course.



To renew a salesperson's inactive license, how often must the licensee pay?

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