Angela is a licensed Missouri salesperson who wants to upgrade her license to a broker's license. She has been actively practicing real estate for two years under her sponsoring broker. She has completed additional education courses. When she applies to MREC for a broker's license, what is the most critical Missouri-specific experience requirement she must demonstrate?
Correct Answer
A) Angela must demonstrate at least two years of active experience as a licensed real estate salesperson in Missouri or another jurisdiction, along with completion of MREC-required broker pre-license education
Under RSMo § 339.040, a candidate for a Missouri broker's license must have been actively engaged as a licensed real estate salesperson for at least two years (which may include experience in another jurisdiction) and must complete the MREC-required broker pre-license education. The two-year active experience requirement is a foundational eligibility criterion, and the experience may be accumulated in Missouri or in another state, provided the candidate can document it. Both the experience and the education requirements must be satisfied before the broker exam may be taken.
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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?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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- → A responsible broker in Wyoming asks about the Commission director receives a complaint about real estate practice. Which answer follows Wyoming law?
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- → A Wyoming licensee is reviewing all first-time salesperson steps are otherwise complete. What is the best answer?
- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
- → Which Wyoming rule applies when a licensee does not timely submit the complete renewal application, proof of CE, and renewal fees?
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