Agency
In Missouri, a real estate licensee who is also a party to a transaction (buying or selling their own property) must:
ANot disclose their license status to the other party
BDisclose their licensee status to the other party in the transaction✓ Correct
CHave a separate attorney represent them
DGet MREC approval before proceeding
Explanation
Missouri real estate licensees who are buying or selling real property for themselves must disclose their licensee status to the other party. This is required to prevent informational advantages from being exploited without the other party's knowledge.
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