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AgencyMaterial_fact_disclosureEASY

A Missouri licensee purchasing property must:

Correct Answer

B) Disclose their licensee status in writing to all parties

Missouri law requires licensees to disclose their license status in writing when they have a personal interest in a transaction.

Answer Options
A
Pay above market value
B
Disclose their licensee status in writing to all parties
C
Use a different brokerage
D
Get MREC approval

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Related Topics & Key Terms

Related Topics:

material fact disclosureMissouri Chapter 339 RSMoconflict of interestMREC prohibited conductwritten disclosure requirements

Key Terms:

licensee disclosurepersonal interestwritten disclosureChapter 339 RSMoconflict of interest
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