Section 339.2511 – Plan or Scheme for Selling or Promoting Sale of Real Estate.
339.2511 Plan or scheme for selling or promoting sale of real estate. Sec. 2511. A plan or scheme involving a lottery, contest, game, prize, or drawing shall not be used by a real estate broker or real estate salesperson for the sale or promotion of a sale of real estate. However, a game promotion as […]
Section 339.2512 – Prohibited Conduct; Penalties; Filing Complaint Under Article 5.
339.2512 Prohibited conduct; penalties; filing complaint under article 5. Sec. 2512. (1) A licensee that commits 1 or more of the following is subject to the penalties set forth in article 6: (a) Except in a case involving property management, acts for more than 1 party in a transaction without the knowledge of the parties. […]
Section 339.2512a – Action for Collection of Compensation for Performance of Act or Contract; Allegation and Proof.
339.2512a Action for collection of compensation for performance of act or contract; allegation and proof. Sec. 2512a. A person engaged in the business of, or acting in the capacity of, a person required to be licensed under this article, shall not maintain an action in a court of this state for the collection of compensation […]
Section 339.2512b – Actions Not Constituting Participation in Real Estate Transaction or in Payment of Real Estate Commissions.
339.2512b Actions not constituting participation in real estate transaction or in payment of real estate commissions. Sec. 2512b. The following actions do not constitute participation in a real estate transaction or in the payment of real estate commissions: (a) As an owner or an authorized agent of the owner, offering an existing tenant of the […]
Section 339.2512c – Property Management Performed by Real Estate Broker.
339.2512c Property management performed by real estate broker. Sec. 2512c. (1) Except as otherwise provided in this section, all property management duties, responsibilities, and activities performed by a real estate broker and his or her agent engaged in property management shall be governed by and performed in accordance with a property management employment contract. (2) […]
Section 339.2512d – Service Provision Agreement; Duties; Services; Misleading Public Prohibited; Waiver of Services in Limited Service Agreement.
339.2512d Service provision agreement; duties; services; misleading public prohibited; waiver of services in limited service agreement. Sec. 2512d. (1) A licensee that is acting under the terms of a service provision agreement shall perform the duties described in subsection (2). A real estate broker may authorize a designated agent to represent the client, if that […]
Section 339.2502b – Owner of Real Estate Engaging in Sale of Real Estate as Principal Vocation; License as Real Estate Broker Required.
339.2502b Owner of real estate engaging in sale of real estate as principal vocation; license as real estate broker required. Sec. 2502b. (1) Unless the owner engages the services of a real estate broker in connection with those sales, an individual who is the owner of real estate must obtain a license as a real […]
Section 339.2503 – Exemptions.
339.2503 Exemptions. Sec. 2503. (1) This article does not apply to a person that, as owner, sells or offers for sale a detached, single family dwelling, duplex, triplex, or quadruplex, that has never been occupied and that was built by the person while licensed under article 24. This article does not apply to an owner […]
Section 339.2504 – Real Estate Broker’s License; Prelicensure Classroom Courses; Suspension or Revocation of Approval; Prohibited Representations; Conduct of Prelicensure Course; Violation of Subsection (4); Penalties; Real Estate Clinic, Meeting, Course, or Institute; Sponsoring Studies, Research, and Programs; Contract With Statewide Real Estate Association.
339.2504 Real estate broker’s license; prelicensure classroom courses; suspension or revocation of approval; prohibited representations; conduct of prelicensure course; violation of subsection (4); penalties; real estate clinic, meeting, course, or institute; sponsoring studies, research, and programs; contract with statewide real estate association. Sec. 2504. (1) Both of the following must be met before an applicant […]
Section 339.2504a – Continuing Education.
339.2504a Continuing education. Sec. 2504a. (1) Subject to subsection (7), a licensee must successfully complete at least the following number of hours of eligible continuing education courses in each license cycle: (a) Beginning with the license cycle after the effective date of the rules promulgated under subsection (2)(e), the number of hours determined by the […]