Missouri License Law
Under Missouri law, 'commingling' of funds by a broker refers to:
ASplitting a commission with a cooperating broker
BMixing client trust funds with the broker's personal or operating funds✓ Correct
CAccepting commissions from multiple transactions
DHolding funds in a non-interest-bearing account
Explanation
Commingling is the illegal act of mixing client escrow or trust funds with the broker's own money. Missouri requires all client funds to be held in a separate escrow account.
Related Missouri Missouri License Law Questions
- Missouri law requires a real estate licensee who operates as an independent contractor to be:
- Missouri real estate licenses must be renewed every:
- How many hours of pre-license education are required for a Missouri real estate salesperson license?
- Which agency regulates real estate licensees in Missouri?
- How often must a Missouri real estate salesperson renew their license?
- A Missouri real estate licensee who violates a cease-and-desist order issued by MREC may face:
- In Missouri, the 'procuring cause' determines which agent is entitled to a commission when:
- Which of the following does NOT require a Missouri real estate license?
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →