Missouri License Law
In Missouri, a real estate license may be placed on 'inactive' status when a licensee:
AIs under MREC investigation
BIs not affiliated with a broker but wants to keep their license current✓ Correct
CHas committed a felony
DOwes back taxes to Missouri
Explanation
An inactive license in Missouri is a valid license that has not been affiliated with a broker. The licensee cannot perform licensed real estate activities but keeps their license in good standing.
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Key Terms to Know
Seller's Agent (Listing Agent)
A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
State-Specific Concepts
License Law
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