Missouri Real Estate Commission Exam 2 Solved 2023 100% Correct

The Missouri Real Estate Commission - ANSWER-MREC The Missouri Real Estate Commission MREC - ANSWER-Regulates and enforces real estate license law. In addition to license denial, suspension, or revocation, MREC can impose cumulative penalties of as much as $25,000 for repeat offenses. $25000 - ANSWER-MREC can impose cumulative penalties of as much as _________ for repeat offenses. Seven/Six - ANSWER-The MREC is comprised of _____ total members: ____ licensed real estate brokers with at least 10 years of experience, and one unlicensed member of the general public. Governor - ANSWER-MREC board members are appointed by the ______ and serve five-year terms. Doesn't - ANSWER-The MREC ___does/doesnt______ get involved in commission disputes between licensees but licensees can file complaints against other licensees who behave unscrupulously or violate license law. Governor - ANSWER-Appoints members with advice and consent of the MO State Senate. 6 LICENSED REAL ESTATE BROKERS- Each with 10+ years of experience Chairperson-selected each year Vice Chairperson 1 NON-LICENSED MEMBER OF THE PUBLIC - ANSWER-MREC 7 MEMBERS TOTAL