1. A broker-salesperson is authorized by Missouri license law to do which of the following?
A. accept commissions from any broker
B. take a listing in her own name
C. return to broker status under certain conditions Correct
D. employ a licensed salesperson
Explanation
A broker-salesperson operates under a broker's license and cannot independently take listings or employ others. They can accept commissions only from their supervising broker. Missouri law allows transition back to full broker status with experience and approval.
2. In Missouri, which of the following people is required to have a real estate license?
A. an attorney-at-law approving real estate contracts
B. a professional assistant to a salesperson whose job includes telemarketing the salesperson's services Correct
C. an employee of the Missouri Department of Revenue auditing real estate escrow accounts
D. a savings and loan officer engaging in a real estate foreclosure action on her company's behalf
Explanation
Missouri law requires licensing for anyone negotiating or procuring real estate transactions for compensation. Telemarketing to promote listings constitutes licensed activity. Attorneys, government auditors, and institutional foreclosure officers are exempt when acting in official capacity.
3. The Missouri Real Estate Commission would MOST likely investigate which of the following?
A. the proration of a commission between two brokers
B. the accusation that a utility easement was not disclosed to the buyer Correct
C. a dispute about the proration of propane gas between the buyer and the seller
D. the accusation that a broker had refused to pay a salesperson a commission
Explanation
The Commission investigates violations of license law, including failure to disclose material facts like easements. Commission disputes between brokers or agents are civil matters. Propane proration is a contractual issue between buyer and seller.
4. A prospective licensee completes the required 48-hour salesperson pre-examination course on January 29th. He passes the salesperson examination on May 30th and completes the 24-hour Missouri practice course on June 29th. Assuming he meets all of the other qualifications for licensure, what is the last date he can make application for license?
A. 29-Jun
B. 29-Jul
C. 30-Nov Correct
D. 29-Dec
Explanation
Missouri requires license application within 6 months of passing the exam. The exam was passed on May 30, so the deadline is November 30. The practice course must be completed before application, which was done on June 29.
5. An owner selling his house himself goes with a buyer to a Missouri real estate office to ask the broker to prepare their sales contract. In this situation, the broker should
A. handle the transaction, but charge no more than the standard fee for her services.
B. handle the transaction, but charge no fee for her services.
C. refuse to handle the transaction unless the seller is willing to pay a commission.
D. refuse to handle the transaction because she is not acting as a broker for either of the parties. Correct
Explanation
Missouri law prohibits drafting contracts without a brokerage relationship. The broker is not representing either party in a for-sale-by-owner transaction. Providing legal document preparation without agency violates license law.