Real Estate Examiner Field Supervisor

  • Real Estate Examiner Field Supervisor
  • What will I be doing?
  • Do I qualify?
  • Can I be successful?
  • Benefits
  • How do I apply?
Class Number: 
7874
Annual Salary Range:
$39,708.00 – $56,520.00
Twice-a-Month Salary Range:
$1,654.50 – $2,355.00
Pay Grade: 
A25

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Definition

This is senior-level professional and supervisory fieldwork in the financial examination of real estate brokers licensed under the authority of the Missouri Real Estate Commission (MREC).

Job Duties

Coordinates and supervises the work of examiners working in all sizes and types of real estate brokerage firms; assigns specific duties to examiners and prepares technical reports.

Resolves work problems or mediates disputes.

Conducts periodic and special financial examinations of real estate business records for conformance      to regulations, reconciliation of accounts, and fulfillment of fiduciary responsibility.

Reviews relevant historical documents prior to initiating an examination.

Travels to on-site locations, interviews staff, and conducts examinations; assesses business documents, records, and procedures for fraud, malfeasance, or work practices that violate MREC regulations.

Reviews reports, documents, and other records prepared by examiners for clarity, completeness, accuracy, and conformance with Commission policies.

Provides training to examiners on the principles of real estate examinations.

Supervises the preparation of data requests for general discovery and detailed information purposes.

Analyzes profit and loss records and balance sheets; determines financial liabilities to property owners and tenants, and checks sufficiency of escrowed funds to meet current liabilities.

Examines pending and closed transactions to determine possession and trail of funds; documents the irregular or untimely movement of money.

Reconciles and evaluates the registration and handling of earnest moneys, rents, security deposits, and/or other funds collected from clientele.

Reviews deposits and account balances; samples closed transactions.

Gathers and organizes evidentiary documents and testifies in administrative and court hearings.

Verifies transactions by inspection of bank statements and returned checks.

Compares payment/payee ledgers to actual returned checks to ensure they are linked by documentation.

Evaluates management and sales transaction documents to ensure compliance with MREC rules and regulations.

Evaluates time limitations for the deposit or transfer of funds from one account to another for the unethical holding of earnest money or security deposits.

Determines earnest money liabilities by evaluating transaction files.

Reviews management agreements and apportionment requirements; ensures funding allocated for security deposits is appropriately spent.

Reviews security deposits and rents to ensure proper handling of funds.

Conducts examinations of businesses that have been placed on probationary status.

Provides documented recommendations to the supervisor-in-charge for review, comment, and further action.

Evaluates and resolves failure to pay complaints.

Receives general administrative direction; work is reviewed for accuracy and conformance to established policies and procedures.

Performs other related work as assigned.

Areas of Interest: 
Accounting, Auditing & Finance; Business Regulation, Safety & Inspection

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(The following minimum qualifications will determine merit system eligibility.  Allowable experience and education substitutions are provided in italics below the corresponding minimum qualification statement; no other substitutions will be permitted.  These minimum qualifications may also be used to evaluate applicants for Missouri Uniform Classification and Pay System positions not requiring selection from merit registers.)

One or more years of experience as a Real Estate Examiner II with the Missouri Uniform Classification and Pay System.

OR

Four or more years of experience as a Real Estate Examiner I with the Missouri Uniform Classification and Pay System.

OR

A Bachelor’s degree from an accredited college or university with a minimum of six earned credit hours in Accounting, Finance, or Auditing; and,

Five or more years of technical or professional experience in accounting, finance, or auditing.

(Earned graduate credit hours from an accredited college or university in the specified areas may substitute on a year-for-year basis for the stated experience at a rate of 24 earned graduate credit hours for one year of experience.)

(A Master’s degree from an accredited college or university in the specified areas may substitute for two years of the stated experience.)

(Additional qualifying experience may substitute on a year-for-year basis for deficiencies in the stated college education.)

Special Requirements

Must complete and pass the Real Estate Salesperson course and examination within six months of appointment.

Designation as a Certified Real Estate Investigator within six months of appointment.

Possession of a valid driver’s license.

Please note that documentation that supports your eligibility (i.e. transcripts, employment records, etc.) may be required at any time during the application and hiring process. If you do not possess the minimum qualifications, please consider one of many other employment opportunities with the State of Missouri.

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Key Skills

Do you possess the key skills which are considered essential for successful employment in this classification?

Comprehensive knowledge of MREC regulations and real estate industry standards.

Comprehensive knowledge of accounting, auditing, and financial examination principles and practices.

Introductory knowledge of the principles and techniques of effective supervision and training.

Ability to technically direct the work of others and train staff in accounting and Commission rules, regulations, and procedures.

Ability to generate data requests and analyze the information according to accounting standards.

Ability to communicate effectively and prepare clear and concise technical reports.

Ability to apply principles of logical thinking to define problems, collect data, establish facts, and reach valid conclusions, while interpreting an extensive variety of accounting and management information.

Ability to apply interviewing techniques and solicit pertinent information in real estate brokerage firms.

Ability to establish and maintain effective working relationships with co-workers, real estate industry personnel, and others involved in the examination process.

Ability to use a calculator, personal computer, and related office equipment.

Ability to effectively analyze operations and portfolios of real estate brokerages.

Ability to effectively communicate with examiners, brokers, supervisors, board members, and courts.

Ability to testify in court hearings while under oath.

Ability to establish and complete daily work schedules.

Ability to travel in the performance of assigned duties.

Ability to safely operate an assigned state owned vehicle.

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The following link will provide you with general information about State of Missouri employee benefits.

View benefits

View Class Specification Document