Current through Register Vol. 49, No. 6, March 15, 2024
PURPOSE: This rule establishes the dates of license
validity and the obligation of licensees for renewal of same. The broker
license must be renewed before the salesperson or broker-salesperson license
may be renewed.
(1) Renewal
of License.
(A) Every license issued and
every license renewal for a broker, corporation, broker-officer, partnership,
broker-partner, association, broker-associate, broker-salesperson, professional
corporation (broker-salesperson) or inactive broker license shall expire June
30 in each even-numbered year.
(B)
Every license issued and every license renewal for professional corporation
(salesperson), salesperson, or inactive salesperson license shall expire
September 30 in each even-numbered year.
(C) The commission may mail to each licensee,
at least thirty (30) days prior to license expiration, a notice of the
expiration and an application for renewal of license to the licensee's address
on file with the commission.
(D)
The commission may issue a new license for each renewal period upon receipt of
a properly completed renewal application, including proof of completion of the
continuing education requirement pursuant to
20 CSR
2250-10.100, and the biennial fee, if the receipt date
as affixed by the United States Postal Service or recognized common carrier, or
if hand-delivered to the Missouri Real Estate Commission before the close of
business, is no later than the date of license expiration. Additionally, for
the renewal immediately following January 1, 2011, the licensee must provide
acceptable proof of having submitted, between January 1, 2011, and the
submission of the licensee's 2012 real estate renewal, fingerprints to the
Missouri State Highway Patrol's approved vendor for both a Missouri State
Highway Patrol and a Federal Bureau of Investigation fingerprint background
check. Any fees due to fingerprint background checks shall be paid by the
applicant directly to the Missouri State Highway Patrol or its approved
vendor.
(E) Delinquent renewal
applications must be accompanied by a delinquent fee of fifty dollars ($50) per
month or partial month elapsed since the date of license expiration. Delinquent
fees are not to exceed two hundred dollars ($200).
(F) Any licensee who fails to complete
continuing education requirements during the renewal period must submit with
their renewal proof of completion of the Missouri Real Estate Practice Course
as identified in
20
CSR 2250-6.060. This course must have been completed
no more than six (6) months prior to the receipt date as affixed by the United
States Postal Service or recognized common carrier or the date the application
is hand-delivered to the Missouri Real Estate Commission during regular
business hours.
(2)
Failure of a licensee to receive the notice and application to renew from the
commission shall not excuse the licensee from the requirements for renewal
contained in this rule. Any licensee who fails to renew during a subsequent
renewal period is no longer licensed and in order to become licensed again will
be required to requalify as if an original applicant. Until a new license is
procured, the holder of an expired license shall not perform any act for which
a license is required.
(3) A
renewal license will not be issued until the license of the broker with whom
the licensee is associated has been renewed.
(4) Within ten (10) days following a change
in name or home address, each licensee shall notify the commission in
writing.
*Original authority: 339.120, RSMo 1941, amended 1963,
1967, 1981, 1988, 1993, 1995, 1999, 2004,
2008.
