Missouri Real Estate Salesperson Exam — All Questions

Earnest money and other funds a Missouri broker holds for clients must be kept in:

• a.The broker's personal checking account
• b.A separate escrow or trust account✓
• c.An account held by the Missouri Real Estate Commission
• d.Cash in the office safe

Missouri brokers must maintain client funds in a designated escrow or trust account, separate from their own money, and keep accurate records. This protects consumers' deposits and is enforced by the Missouri Real Estate Commission.

A Missouri salesperson who wishes to move from one employing broker to another must:

• a.Do nothing, because licenses move automatically
• b.Have the change processed so the license record reflects the new broker✓
• c.Wait one year before affiliating with a new broker
• d.Retake the state licensing examination

A Missouri salesperson's license is tied to a specific broker. To change brokers, the license must be transferred and the Commission's records updated to show the new employing broker before the salesperson works under that broker; a salesperson may not practice without an active broker affiliation.