Missouri License Law
In Missouri, 'conversion' of client funds by a licensee is:
AAcceptable if repaid
BA serious violation subject to license revocation, civil liability, and potential criminal prosecution✓ Correct
COnly a minor MREC citation
DPermitted with client verbal consent
Explanation
Conversion (taking or using client trust funds for personal purposes) is among the most serious violations in Missouri real estate. It can result in MREC license revocation, civil liability to the client, and criminal prosecution for theft.
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