Difficulty: Medium

Average Score: 67%

In Missouri, which of the following people is required to have a real estate license?

Rationale

A professional assistant to a salesperson whose job includes telemarketing the salesperson's services.

In Missouri, individuals who are directly involved in the sales process or support the activities of licensed real estate professionals, such as telemarketing, are required to hold a real estate license to ensure compliance with state regulations.

A (an attorney-at-law approving real estate contracts) YOUR ANSWER

Attorneys are exempt from needing a real estate license when they are engaging in activities related to real estate contracts as part of their legal practice. Their legal expertise allows them to approve contracts without the need for additional licensing specific to real estate transactions.

B (a professional assistant to a salesperson whose job includes telemarketing the salesperson's services) CORRECT

This individual is required to have a real estate license because their role involves promoting the services of a licensed salesperson, which is considered an active participation in real estate sales activities. Licensing ensures that they are knowledgeable and compliant with real estate laws.

C (an employee of the Missouri Department of Revenue auditing real estate escrow accounts) YOUR ANSWER

Employees of governmental agencies, such as the Department of Revenue, are not required to hold a real estate license when performing their official duties, such as auditing escrow accounts. Their activities are regulatory rather than sales-oriented.

D (a savings and loan officer engaging in a real estate foreclosure action on her company's behalf) YOUR ANSWER

Savings and loan officers acting on behalf of their institution in foreclosure actions are performing a financial service rather than engaging in real estate sales. As such, they are not required to possess a real estate license for this specific role.

Conclusion

In Missouri, anyone who actively engages in real estate sales or supports salespersons through marketing efforts must hold a real estate license. Among the choices provided, the professional assistant's telemarketing tasks necessitate licensing, while other roles, such as those performed by attorneys, government employees, and financial officers, are exempt due to the nature of their work. This distinction is crucial for maintaining professional standards within the real estate industry.

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