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Missouri State Exam Questions with Correct Answers

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Missouri State Exam Questions with Correct Answers An Individual who has been on inactive status for nine months applies to the Missouri real estate commission to transfer to active status he supplies evidence of successful completion of - Ans:-No because the individual must successfully complete the 24-hour practice course In Missouri to avoid having to repeat the pre-examination course, how soon after satisfactory completion of the course must a person pass the salesperson or broker examination and apply for a license - Ans:-Within six months Which of the following is true about the Missouri license law? - Ans:-It Prohibits an unlicensed person from engaging in real estate transaction for another for compensation The Missouri real estate commission would most likely investigate which of the following - Ans:-The accusation that a broker had refused to pay a salesperson a commission raises issues related to compensation and employment within the real estate industry. Failure to pay a commission may be viewed as a violation of license laws or ethical standards. A broker salesperson is authorized by Missouri license law to do which of the following - Ans:-Take a listing in her own name ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 2/10 Missouri taxes on a property are $625 per year from January 1 to January 31. The Property is sold and closes on October 31. If the taxes for the current year are prorated at closing, the closing statement will show a... - Ans:-Credit to the buyer of $520.83 an debit to the seller of $520.83 A broker changed the location of his real estate office, within how many days of the move must the Broker notify the Missouri real estate commission - Ans:-10 days A Missouri real estate licensee negotiates the sale of a house intended for his fiancée and himself. He properly identifies himself to the seller as a licensee, but does not tell the seller that he is getting married to the buyer. Do the licensee's actions violate the Missouri license law? - Ans:-Yes, because the licensee did not disclose his future interest in the property to the seller. Which of the following statements by a licensee could cause a Missouri real estate commission to file a complaint against the licensee - Ans:-You will be able to sell this house at a good profit While conducting an investigation into the practice of a Licensee. The Missouri real estate commission may - Ans:-Subpoena the licensee records and papers that have bearings to the complaint Is the listing licensee in violation of the rules & regulations if she fails to deliver a copy of a sales contract to the seller after the buyer has accepted the sellers counter-offer? - Ans:-Yes, as a fiduciary agent to the seller, the licensee's required to provide a copy to the seller and may provide a copy to the buyer as a courtesy. ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 3/10 A person planning to get a Missouri salesperson license has already referred several listings to a realtor company. She fails to get her license and pursues another career. She has made a previous agreement with the realtor company for a portion of the commission, can she be legally paid? - Ans:-Yes, the realty company may pay her if it wishes, but the company is under no obligation A subdivision Developer who was not a Missouri Real estate licensee is ready to sell the properties that she owns, which of the following advertisements would be legal in Missouri? - Ans:-The developer places signs on the properties that read "for sale by owner developer" A buyer pays a broker to find a business property in Missouri. The seller agr

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Missouri 2024/2025
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Missouri 2024/2025

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©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Missouri State Exam Questions with Correct
Answers


An Individual who has been on inactive status for nine months applies to the Missouri real estate

commission to transfer to active status he supplies evidence of successful completion of - Ans:✔✔-No

because the individual must successfully complete the 24-hour practice course


In Missouri to avoid having to repeat the pre-examination course, how soon after satisfactory completion

of the course must a person pass the salesperson or broker examination and apply for a license -

Ans:✔✔-Within six months


Which of the following is true about the Missouri license law? - Ans:✔✔-It Prohibits an unlicensed

person from engaging in real estate transaction for another for compensation


The Missouri real estate commission would most likely investigate which of the following - Ans:✔✔-The

accusation that a broker had refused to pay a salesperson a commission raises issues related to

compensation and employment within the real estate industry. Failure to pay a commission may be

viewed as a violation of license laws or ethical standards.


A broker salesperson is authorized by Missouri license law to do which of the following - Ans:✔✔-Take a

listing in her own name


Page 1/10

, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




Missouri taxes on a property are $625 per year from January 1 to January 31. The Property is sold and

closes on October 31. If the taxes for the current year are prorated at closing, the closing statement will

show a... - Ans:✔✔-Credit to the buyer of $520.83 an debit to the seller of $520.83


A broker changed the location of his real estate office, within how many days of the move must the

Broker notify the Missouri real estate commission - Ans:✔✔-10 days


A Missouri real estate licensee negotiates the sale of a house intended for his fiancée and himself. He

properly identifies himself to the seller as a licensee, but does not tell the seller that he is getting

married to the buyer. Do the licensee's actions violate the Missouri license law? - Ans:✔✔-Yes, because

the licensee did not disclose his future interest in the property to the seller.


Which of the following statements by a licensee could cause a Missouri real estate commission to file a

complaint against the licensee - Ans:✔✔-You will be able to sell this house at a good profit


While conducting an investigation into the practice of a Licensee. The Missouri real estate commission

may - Ans:✔✔-Subpoena the licensee records and papers that have bearings to the complaint


Is the listing licensee in violation of the rules & regulations if she fails to deliver a copy of a sales contract

to the seller after the buyer has accepted the sellers counter-offer? - Ans:✔✔-Yes, as a fiduciary agent to

the seller, the licensee's required to provide a copy to the seller and may provide a copy to the buyer as

a courtesy.




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