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. (1) Renewal of License.

   1. (A) Every license issued and every license renewal for a broker, corporation, brokerofficer, 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.
   2. (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.
   3. (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.
   4. (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.
   5. (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).
   6. (F) Any licensee who fails to complete continuing education requirements during the renewal period must submit with their renewal, proof of completion of the prescribed preexamination course pertinent to their license type. This pre-examination 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. (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. (3) A renewal license will not be issued until the license of the broker with whom the licensee is associated has been renewed.
4. (4) Within ten (10) days following a change in name or home address, each licensee shall notify the commission in writing.

AUTHORITY: section 339.120, RSMo Supp. 2007.* This rule originally filed as 4 CSR 250-4.020. Original rule filed Nov. 14, 1978, effective Feb. 11, 1979. Amended: Filed March 12, 1982, effective June 11, 1982. Amended: Filed Aug. 12, 1982, effective Nov. 11, 1982. Amended: Filed March 14, 1984, effective June 11, 1984. Amended: Filed Oct. 2, 1985, effective Dec. 26, 1985. Amended: Filed March 17, 1986, effective June 28, 1986. Amended: Filed Oct. 26, 1987, effective July 1, 1988. Amended: Filed Sept. 1, 1989, effective Dec. 28, 1989. Amended: 20 CSR 2250-4 Filed Nov. 15, 1991, effective June 25, 1992. Amended: Filed Feb. 2, 1994, effective Aug. 28, 1994. Amended: Filed June 28, 2002, effective Dec. 30, 2002. Moved to 20 CSR 2250-4.020, effective Aug. 28, 2006. Amended: Filed Oct. 12, 2007, effective April 30, 2008.

*Original authority: 339.120, RSMo 1941, amended 1963, 1967, 1981, 1988, 1993, 1995, 1999, 2004.