MORES - Missouri Real Estate Salesperson Exam

Question 1: A Missouri licensee meets a buyer at an open house, answers her questions and later shows her two more homes, and no written agreement of any kind has been signed by anyone. Which of the following describes the relationship the statute creates?

Subagent of the seller

Buyer's limited agent

No relationship at all

Transaction broker

Question 2: A Missouri buyer tours several properties with a licensee over two weekends without signing anything, then buys directly from a seller she met on her own. The licensee asks her for a fee. Which of the following describes her obligation?

She owes nothing absent a written agreement

A reasonable fee for time spent

She owes the customary buyer agency fee

She owes whatever the listing broker offered

Question 3: A Missouri transaction broker counts what she believes are seven separate statutory duties, having read the section closely and treated each lettered item as its own obligation. Which of the following states the number of top-level duties the statute actually imposes?

Nine

Three

Seven

Five

Question 4: A Missouri transaction broker and a seller reach an oral understanding about how she will market a property over the coming weeks, and she later argues that only written agreements bind her. Which of the following describes what the statute requires?

Oral agreements require Commission approval

She must perform written agreements only

She must perform written or oral agreements

Oral agreements bind only the client

Question 5: A Missouri transaction broker learns during casual conversation that her seller would accept far less than the asking price if a quick closing could be arranged for her. Which of the following describes what she may tell a prospective buyer?

She may not disclose it without consent

She may share it with the agent

She may share it to speed closing

She may share it after an offer

Question 6: A Missouri transaction broker walks a property with a buyer and notices nothing unusual, and the buyer later asks whether the broker should have investigated the crawlspace and the roof more carefully. Which of the following describes her obligation?

She must inspect whatever the buyer asks

She must retain an inspector

She must verify the seller's statements independently

No duty to conduct an independent inspection

Question 7: A Missouri designated broker acting as a transaction broker expects to be paid a fee at closing but has signed nothing at all with either party. Which of the following describes what the written agreement statute requires of her?

A written transaction brokerage agreement is required

No writing is ever required

A writing in residential deals only

A writing above a price threshold

Question 8: A Missouri licensee who began a showing as a transaction broker realizes partway through the afternoon that her status has changed by operation of the statute itself. Which of the following describes when she must disclose the new status?

At the closing table

Before any offer is written

Immediately upon its occurrence

Within ten days in writing

Question 9: A Missouri seller's agent and a Missouri transaction broker compare the vocabulary the statute uses for the agency side of the business, and one of them insists Missouri simply calls it a fiduciary. Which of the following gives the statutory term?

Special agent

Limited agent

General agent

Universal agent

Question 10: A Missouri seller's limited agent has a signed contract on the property and receives a telephone call from another agent asking her to keep marketing it aggressively. Which of the following describes her duty while the contract stands?

She must continue seeking additional offers

She must withdraw the listing entirely

No obligation to seek additional offers

She must present only backup offers

Question 11: A Missouri buyer's limited agent is asked by her client whether she checked the client's own credit and income before writing the offer, since the seller's agent may want some reassurance about it. Which of the following describes her statutory duty?

No duty to investigate that condition

She must obtain a lender's written verification

She must investigate the client's financial condition

She must disclose the client's finances

Question 12: A Missouri seller's limited agent is served with a subpoena in a lawsuit between two former clients and must answer questions that touch on what her former client told her in confidence. Which of the following describes her position?

She may answer only about completed transactions

Confidentiality is absolute in every circumstance

Confidentiality yields where law requires disclosure

She must obtain the client's written waiver

Question 13: A Missouri buyer touring homes with a listing agent is not the agent's client, and she asks what that agent owes her about the condition of the properties. Which of the following describes the duty owed to a customer?

A written explanation of agency options only

Nothing at all, since she is unrepresented

The full range of client duties

Disclosure of adverse material facts

Question 14: A Missouri designated broker plans to act as a single agent for a buyer and intends to sign the written agency agreement after she has shown the buyer a few properties. Which of the following describes what the amended statute requires?

It must be signed before those acts

It may be signed while performing them

The agreement may be signed before closing

No written agreement is required for buyers

Question 15: A Missouri licensee opens a lockbox and lets a prospective buyer view a property without having signed any agreement with her, and the buyer asks no questions and receives no advice. Which of the following describes what that carve-out permits?

Any activity a buyer requests informally

Ministerial acts performed without a written agreement

All showings during the first thirty days

Any activity short of writing an offer

Question 16: A Missouri designated broker offers exclusive representation at a reduced fee and proposes to enter the listing on the multiple listing service and do nothing further. Which of the following describes what the statute requires of an exclusive agreement?

Nothing beyond what the parties negotiate

Attendance at every showing and inspection

A minimum set of required services

A full-service commission at the customary rate

Question 17: A Missouri client asks her designated broker to take on obligations beyond those the agency statute lists, and the broker worries that the agency statute may not permit any additional duties at all. Which of the following describes the statute's position?

The statutory duties are a ceiling

Additional duties require Commission approval

Additional duties void the agreement entirely

The public may contract for additional duties

Question 18: A Missouri licensee wants to represent both the seller and the buyer in the same transaction, and both parties are aware of the situation and comfortable with it. Which of the following describes what the statute requires before she may proceed?

Consent of all parties to the transaction

Written approval from the Commission

Consent of the seller alone

A separate licensee assigned to each side

Question 19: A Missouri dual agent is asked by the buyer what the seller rejected earlier in the negotiation, since the buyer wants to avoid repeating an offer that has already failed once. Which of the following describes what she may disclose?

Prior offers shared with either party

Prior offers may be shared after acceptance

No disclosure of prior offers without consent

Prior offers shared in general terms

Question 20: A Missouri dual agent and a Missouri transaction broker compare their lists of restricted information, and one whole category appears on the dual agent's list but not on the transaction broker's own list. Which of the following is that category?

A party's motivating factors

The terms of prior offers and counteroffers

A buyer's willingness to pay more

Willingness to accept alternative financing

MORES Missouri Real Estate Salesperson Exam - Set 4 - Part 1