MORES - Missouri Real Estate Salesperson Exam

Question 1: A Missouri broker reviews the list of characteristics her advertising may never single out, and she notices that the Commission's rule names one category the federal Fair Housing Act does not. Which of the following is that additional Missouri category?

Ancestry

Marital status

Age

Source of income

Question 2: A group of Missouri licensees working together wants to advertise under the name Gateway Realty Group, though the group holds no entity license of its own and works under a broker whose firm has a different name. Which of the following describes the rule?

Permitted if the members are licensed

Permitted with the broker's written consent

The name is permitted if registered locally

It suggests an unlicensed real estate entity

Question 3: A Missouri team wants a fictitious name it can use in advertising, and its members ask who should own that registration when it is filed with the Secretary of State. Which of the following describes what the Commission's rule contemplates?

The senior team member individually

The team as an unincorporated association

The affiliated broker or brokerage

A limited liability company the team forms

Question 4: A Missouri brokerage runs a newspaper advertisement for its guaranteed sales program, and the rule requires it to include a statement telling sellers that costs and conditions may apply. Which of the following describes how that statement must appear?

In the same font as body text

In bold type anywhere in the advertisement

In a footnote at the bottom margin

One-fourth as large as the largest print

Question 5: A Missouri brokerage promotes its guaranteed sales plan in a radio spot that runs during the morning commute, and the broker asks what the advertising rule demands of a broadcast advertisement. Which of the following states that requirement?

A conspicuous statement that conditions may apply

A recitation of the full written agreement

A statement of the guaranteed purchase price

A referral to the brokerage website

Question 6: A Missouri broker's franchise agreement provides in plain terms that the franchisor bears no legal liability for anything the broker or her affiliated licensees do. Which of the following describes what the Commission's rule requires her to do with that fact?

File an annual notice with the Commission

Post the disclaimer in the office

State it in listings and closing statements

Include it in every advertisement she publishes

Question 7: A Missouri broker takes a listing and, before the seller has signed anything, plants a company sign in the front yard and photographs the house for the multiple listing service. Which of the following describes the requirement she has ignored?

Notice to the municipality involved

Written consent of the owner

Approval by her designated broker

A survey establishing the property boundaries

Question 8: A Missouri salesperson decides to buy a rental duplex listed by another brokerage across town, intending to hold it as a long-term investment rather than resell it. Which of the following describes what she must do before she acquires that interest?

Obtain written approval from her designated broker

Notify the Commission of the intended purchase

Disclose her licensee status in writing

Withdraw from listings on that street

Question 9: A Missouri licensee is asked by a buyer client whether hiring an attorney to review the contract is worth the expense, and the licensee would rather keep the transaction simple. Which of the following describes what the Commission's rule permits her to say?

She may not discourage using an attorney

She may say attorneys usually delay closings

She may decline to answer entirely

She may recommend skipping counsel

Question 10: A Missouri broker owns a small share of the title company she routinely recommends to her clients, and she wonders at what level of ownership the Commission's controlled business arrangement rule begins to apply. Which of the following states that threshold?

Any ownership interest, however small

Ownership of ten percent or more

Ownership of a controlling interest

Ownership exceeding one percent

Question 11: A Missouri licensee refers her buyer to a home inspection company in which her brokerage holds an ownership interest, and she prepares the disclosure the rule requires. Which of the following describes how the Commission's rule says that disclosure must be delivered?

Orally at the first property showing

As a clause inside the purchase contract

A separate form the party signs

By email before the closing date

Question 12: A Missouri broker asks which services fall within the definition of a settlement service for purposes of the controlled business arrangement rule, since she has interests in several related businesses. Which of the following is on that list?

Pest, fungus and mechanical inspections

Landscaping performed before listing

Utility connection and transfer services

Residential moving and storage services

Question 13: A Missouri broker tells a buyer client that the brokerage will handle the transaction only if the buyer agrees to use the brokerage's affiliated title company for the closing she has already scheduled. Which of the following describes that condition?

Permitted if the affiliation is disclosed

A prohibited requirement to use one provider

Permitted where no extra charge applies

Permitted in commercial transactions only

Question 14: A seller in Missouri insists that the contract be written to sell the property as is, and the listing salesperson concludes that she therefore need not mention the cracked foundation she saw during the walkthrough. Which of the following describes her position?

The clause leaves her disclosure duties intact

The clause relieves her of disclosure duties

The clause shifts the duty elsewhere

The clause is void unless initialed

Question 15: A buyer moving to Missouri from another state asks her agent for the state-mandated seller property condition disclosure form she remembers completing on her last purchase three years ago in another state. Which of the following describes what Missouri actually requires?

Every seller completes a Commission form

A statutory form on residential sales only

A Commission form above a price threshold

Missouri mandates no seller disclosure form

Question 16: A Missouri listing agent knows that a violent crime occurred in the house she is marketing several years ago, and the buyer has not asked about the property's history. Which of the following describes her duty regarding that fact?

She must disclose before contract signing

She must disclose it before any showing

Psychologically impacted status need not be disclosed

She discloses only to a buyer's agent

Question 17: A Missouri seller is sued by a buyer who learned after closing that a suicide had occurred in the house, and the seller points to the statute protecting against claims over psychologically impacted property. Which of the following describes the reach of that protection?

It bars claims against sellers and licensees

It bars claims filed a year later

It bars claims where nobody asked

Its bar protects only agents and brokers

Question 18: A Missouri seller knows that the garage of the home she is selling was once used to produce methamphetamine years ago, though nobody was ever charged over it. Which of the following describes her obligation under Missouri law?

Written disclosure to the buyer

She must tell the buyer orally

She must report it to police

No duty arises absent a criminal conviction

Question 19: A Missouri transaction broker becomes aware during a walkthrough that the basement of the listed house floods every spring, and the buyer never raises the subject at all. Which of the following describes what the statute requires of her?

No duty arises unless the buyer inquires

She discloses only to her client

She must obtain an engineer's report first

She must disclose the adverse material fact

Question 20: A Missouri limited agent representing a seller and a transaction broker working in the next office compare the knowledge standard that each of them carries for adverse material facts. Which of the following describes the difference between them?

Both apply an actual knowledge standard

The limited agent's includes constructive knowledge

Both apply a constructive knowledge standard

The transaction broker's standard is broader

MORES Missouri Real Estate Salesperson Exam - Set 3 - Part 1