Missouri License Law
Missouri's MREC issues licenses to which of the following entities?
AOnly natural persons (individuals)
BBoth individuals and business entities (corporations, LLCs, partnerships) that meet licensing requirements✓ Correct
COnly corporations
DOnly sole proprietorships
Explanation
Missouri issues real estate broker licenses to both individual persons and business entities (corporations, LLCs, partnerships) that meet MREC's requirements. The business entity must have a designated broker who is individually licensed.
Related Missouri Missouri License Law Questions
- Which of the following requires a real estate license in Missouri?
- In Missouri, a real estate licensee who is also a certified public accountant (CPA) and advises a client on the tax implications of a real estate sale is:
- A Missouri real estate firm that operates under a trade name (fictitious name) must:
- A Missouri licensee who moves to another state may apply for a Missouri license through:
- MREC's primary mission is to:
- In Missouri, 'conversion' of client funds by a licensee is:
- A Missouri real estate 'referral' agent must hold a(n):
- In Missouri, 'commingling' of trust funds means a broker has:
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