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Missouri State Portion Licenses Guaranteed Success

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Missouri State Portion Licenses Guaranteed Success Applying for a Broker's License ️ To obtain a broker's license, a person must be actively licensed as a salesperson for a minimum of 24 of the immediately preceding 30 months prior to application for the broker's license. The application fo...

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  • September 1, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Missouri State Portion Licenses Guaranteed Success
  • Missouri State Portion Licenses Guaranteed Success
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Missouri State Portion Licenses Guaranteed Success


Applying for a Broker's License ✔️ To obtain a broker's license, a person must be actively licensed as a
salesperson for a minimum of 24 of the immediately preceding 30 months prior to application for the
broker's license. The application for a broker's license must be accompanied by certification from the
salesperson's broker that the salesperson has actively worked in the real estate business for at least 24
of the immediately preceding 30 months, proof of satisfactory completion of the required (48hour)
broker pre-examination course within 6 months prior to application, and proof of having passed the
broker pre-license examination.



Who CAN Be Licensed? ✔️ In order to be approved for a real estate license in the state of Missouri,
you must show yourself to be competent to transact the real estate brokerage business and be a person
of honesty, integrity, and good moral character.



Competency is determined by verifying that the applicant is of the age of majority (18 years old), has
completed the prescribed real estate pre-examination school (or is exempt from the school
requirements), passed the pre-licensing examination, and satisfactorily completed the required 24hour
Missouri Real Estate Practice course.



Honesty, integrity, and good moral character are determined by verifying the applicant's answers to
certain questions on the application for license and, in some cases, completing a background check of
the license applicant. The MREC may deny an application for license if the applicant has a criminal
record, or if the applicant has a criminal record not disclosed on the application for licensure. The MREC
must deny an application for a license if the applicant has not paid or filed a state income tax return in
any of the immediately preceding three years. They may also, at their discretion, review an applicant's
credit history to determine honesty and integrity. The MREC cannot refuse to grant a license or suspend
or revoke a license because of a bankruptcy.



Furthermore, the MREC is required to revoke or to refuse to issue a broker or salesperson license if the
licensee or applicant has pleaded guilty to or been found guilty of a dangerous felony or murder in the
first degree, sexual offenses such as rape, sexual assault, forcible sodomy, statutory rape or sodomy,
child molestation, sexual misconduct involving a child, sexual abuse, enticement of a child, incest, child
abandonment, endangering the welfare of a child, child abuse, using a child in a sexual performance,
and promoting such activity.



Some of the local utility companies regularly employ the services of Carrie, a knowledgeable woman, to
select and purchase utility easements for them. Would Carrie need a real estate license?

, ✔️ Yes, because she is dealing in real estate for the owners for compensation.



Since she is dealing in real estate for others and for a fee, she must have a real estate broker's license
or be a salesperson licensed under and acting on behalf of a licensed broker. Notice here that Carrie is
NOT an "employee" of a utility company. Employees of businesses that are buying or selling on their
own behalf are exempt from the license requirement. However, since Carrie deals in real estate for
"some of the local utility companies," she is not classified as an employee of a company. In this context,
the term "employ" means "use." To be required to hold a valid real estate license, she must be dealing
in real estate for compensation AND for others.



An attorney assists a client in selling his property. At closing, can the attorney be paid a commission for
the sale?

✔️ Yes, the attorney is exempt from the license law.



The attorney's client can compensate him in any way that is agreeable between the client and the
attorney. However, no real estate broker can share his or her compensation in connection with a real
estate transaction with an attorney unless the attorney holds a broker's license. Missouri law does not
allow brokers to share compensation with anyone that does not hold a valid, active real estate broker's
license. This question specifically asks if the attorney can be paid a commission, which indicates that the
client would be paying the commission.



Nonresident/Reciprocal Licenses ✔️ Individuals who are licensed in their home state may apply for a
nonresident license in Missouri. Nonresident applicants must provide the MREC with a certification from
their home state licensing authority stating that their license is in good standing. Every nonresident
salesperson must be associated with a Missouri broker.



When applying for a nonresident license, the applicant must file with the MREC an irrevocable consent
that any necessary legal actions may be commenced against the nonresident in the proper court of any
county in this state, and the MREC or any other party will not have to sue the nonresident in his or her
home state.



An individual who holds a real estate license in another state/jurisdiction desiring to obtain a real
estate license in Missouri must fulfill the following requirements:



SALESPERSON: If an individual holds a current and active salesperson license in another
state/jurisdiction at the time they apply for a Missouri salesperson license, they must pass the STATE

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