Missouri License Law
MREC has the authority to revoke, suspend, or place on probation a licensee for all of the following EXCEPT:
AMisrepresentation to a client
BCommingling client funds
CFiling for personal bankruptcy✓ Correct
DFailing to account for trust funds
Explanation
Filing for personal bankruptcy is not grounds for MREC license disciplinary action. MREC can act for misrepresentation, fraud, commingling funds, trust account violations, and other professional misconduct under Chapter 339 RSMo.
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Key Terms to Know
State-Specific Concepts
Trust Account Rules
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