Missouri Real Estate - State Portion Only
Broker License in Case of Death or Incapacity
In the event that a licensed broker passes away or becomes incapacitated, the commission: - ️ May issue a temporary broker license to an individual approved by the commission.
Maximum Commission Fines
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In the event that a licensed broker passes away or becomes incapacitated, the commission:
- ✔️ May issue a temporary broker license to an individual approved by the commission.
Maximum Commission Fines
The highest penalty the commission can impose for violations is:
- ✔️ $25,000.
Complaints Not Heard by the Commission
The commission will not address complaints regarding:
- ✔️ Commission disputes between licensees.
Requirement for Real Estate Work
A real estate agent cannot operate without:
- ✔️ A worker's permit issued by the Real Estate Commission.
License Renewal Deadlines
Licensees need to renew their licenses by:
- ✔️ June 30th for brokers and September 30th for salespersons.
Procedure After License Refusal
If an applicant is refused a license, they can:
- ✔️ Appeal to the Administrative Hearing Commission.
Business Name or Address Changes Notification
A business must notify the commission of any name or address changes within:
, - ✔️ 10 business days.
Continuing Education Credits Required
Licensees must obtain:
- ✔️ 12 Continuing Education Credits before renewal: 3 required and 9 elective.
Consequences of Unfinished CE Credits
If a licensee fails to complete their continuing education credits before renewal:
- ✔️ They incur a $50 fee per month for uncompleted credits, up to $200, after which they must retake
the Missouri practice class (24 hours).
Broker Notification of Salesperson Termination
When a salesperson is terminated, the broker has:
- ✔️ 72 hours to notify the commission.
Maintaining an Inactive License
To keep an inactive license, a licensee:
- ✔️ Must reapply and pay fees every two years; no continuing education credits are required.
Reactivating an Inactive License
An inactive licensee can change to an active license by:
- ✔️ Completing the 24-hour practice class and reapplying within six months.
Missouri Law on Disclosures
According to Missouri law, all disclosures must:
- ✔️ Be in writing.
Commission's Role in Contracts
The commission appears in contracts:
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