Governor Thompson appoints a new member to the Missouri Real Estate Commission. The appointee, Dr. Rivera, is a retired professor of economics who has never held a real estate license. The Missouri Senate confirms the appointment. Which of the following best describes Dr. Rivera's role on MREC and the length of her term?
Correct Answer
D) Dr. Rivera serves as the public member of MREC, representing consumer interests, and will serve a five-year term
RSMo § 339.010 provides that MREC includes one public member who is not a real estate licensee. This public member is appointed by the Governor with Senate confirmation, just like the five broker members, and serves the same five-year staggered term. Dr. Rivera, as a non-licensee, fills this public member seat and has full voting rights on Commission matters, serving as a consumer advocate on the board.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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