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MO State Law for Real Estate Salesperson Exam Mostly Tested Questions and Correct Answers (100% Pass) $12.49   Add to cart

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MO State Law for Real Estate Salesperson Exam Mostly Tested Questions and Correct Answers (100% Pass)

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  • Course
  • MO State Law for Real Estate
  • Institution
  • MO State Law For Real Estate

License renewal Even years, every 2 years (biennially) Brokers June 30, Salespersons September 30 Continuing Ed Both brokers and salespersons: 9 hrs. electives + 3 hrs. core Death or incapacity of broker in charge Business ceases; temporary broker license assigned by MREC to someone for...

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  • November 19, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MO State Law for Real Estate
  • MO State Law for Real Estate
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1|Page | © copyright 2024/2025 | Grade A+




MO State Law for Real Estate
Salesperson Exam Mostly Tested
Questions and Correct Answers
(100% Pass)
License renewal


✓ Even years, every 2 years (biennially)

✓ Brokers June 30, Salespersons September 30




Continuing Ed


✓ Both brokers and salespersons: 9 hrs. electives + 3 hrs. core




Death or incapacity of broker in charge


✓ Business ceases; temporary broker license assigned by MREC to

someone for "winding up the affairs of the business"; pending agency

agreements canceled; licenses mailed to MREC; parties to pending

sales contracts will be notified as to where closing will take place




If applicant license denied




Master01 | November, 2024/2025 | Latest update

, 1|Page | © copyright 2024/2025 | Grade A+

✓ 30 days to complain/appeal to AHC (Administrative Hearing

Commission)




If applicant license revoked


✓ 90 days to complain/appeal to AHC




Escrow Account


✓ Broker to deposit within 10 banking days of acceptance of offer (unless

otherwise agreed to in writing)




Escrow Account Management


✓ Salesperson or Broker/Salesperson must deliver any check received

immediately to broker in charge




Commingling


✓ Illegal! Except for $1,000 of own money for bank fees




Broker may not use escrow funds for own use


✓ Funds remain in account until transaction closed or otherwise agreed

to in writing




Master01 | November, 2024/2025 | Latest update

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