MORES - Missouri Real Estate Salesperson Exam

Question 21: A Missouri salesperson brings a buyer to a listing held by another firm, and the buyer asks whether the salesperson can be paid directly out of the seller's proceeds at closing to avoid delay. Which of the following describes what Missouri law permits?

Direct payment, if the seller agrees

Payment only from her own broker

Payment from either broker in the transaction

Payment directly, if disclosed at closing

Question 22: A Missouri broker uses an unlicensed marketing consultant to find prospective sellers for the firm and agrees to pay her a share of each commission the referrals produce. Which of the following describes that arrangement under Missouri law?

Permitted, since the consultant never negotiates

Permitted if the payment is flat

Prohibited, since compensation requires a license

Permitted with the seller's written acknowledgment

Question 23: An unlicensed person performs work in a Missouri transaction, and the broker who used those services then refuses to pay anything, arguing that payment would itself violate the license law. Which of the following describes what the statute allows the unlicensed person to do?

Nothing, since the arrangement was unlawful

Seek restitution through a Commission complaint

Recover the agreed commission percentage

Sue for the reasonable value rendered

Question 24: A person who was not licensed at the time she arranged a Missouri sale later obtains her salesperson license and then sues the seller for the commission she believes she earned on that earlier transaction. Which of the following describes her position?

She recovers, since she is now licensed

She cannot maintain the action at all

She recovers the reasonable value instead

She recovers only with written seller consent

Question 25: An out-of-state broker who is regularly engaged in the brokerage business in her own state cooperates on a Missouri residential sale and expects a share of the commission at closing. Which of the following describes what Missouri law permits?

A Missouri broker may compensate her

She must first obtain a Missouri license

Payment requires Commission approval in advance

Only commercial cooperation is compensable

Question 26: An out-of-state broker wants to share in the compensation on a Missouri commercial transaction, and her Missouri counterpart mentions that the commercial track carries several additional requirements beyond the ordinary rule. Which of the following is among them?

Posting a bond with the Commission

Maintaining a Missouri escrow account

Appointing the Commission as agent for service

Employing a Missouri-licensed salesperson locally

Question 27: A Missouri broker takes a listing and agrees with the seller that the seller will receive a fixed sum from the sale while the broker keeps everything above that figure as compensation. Which of the following describes that agreement?

Permitted if the seller initials the provision

A net listing, which Missouri prohibits

Permitted only on commercial property

Permitted if the excess is disclosed

Question 28: A Missouri broker signs a listing agreement and puts a sign in the yard the same afternoon, before handing the owner a copy of anything that she has just signed. Which of the following describes the requirement she has overlooked?

The sign requires a municipal permit first

The agreement must be recorded locally

The listing goes to the Commission

A legible copy to the owner immediately

Question 29: A Missouri broker whose exclusive listing is about to expire wants to assign that agreement to a colleague at another firm who already has a qualified buyer waiting. Which of the following describes what the Commission's rule requires?

Express written consent of all parties

Written notice to the Commission beforehand

Consent of the receiving broker alone

Nothing, since listings are freely assignable

Question 30: A Missouri salesperson learns that a homeowner has an unexpired exclusive listing with a competing brokerage, and she telephones the owner directly to propose a better arrangement for the day that listing finally ends. Which of the following describes her conduct?

Permitted, since she offered a future agreement

Permitted if she copies the current broker

Permitted where the current listing is exclusive

Prohibited, because she initiated the discussion

Question 31: A Missouri licensee shows a house that a homeowner has asked her to sell, but the brokerage holds no signed agreement of any kind covering the property. Which of the following describes what the rule requires before showing residential property?

An oral authorization confirmed by email

A multiple listing service entry

A currently effective written agreement or authorization

The owner's presence during every showing

Question 32: A Missouri broker leases office space above a shop in Joplin, keeps regular posted hours there, and hangs no exterior sign because she believes her online presence is sufficient. Which of the following describes what the rule requires?

Registration of the office as a branch

A business sign of sufficient size outside

Written Commission approval of the location

A ground floor entrance for the public

Question 33: A Missouri broker who has gone inactive still has two salespersons who wish to remain associated with her, since they intend to work independently and keep their own clients. Which of the following describes what the rule permits?

They may remain associated with written notice

They may remain associated for six months

They may remain under a named manager

No salesperson may associate with her

Question 34: A Missouri broker allows an experienced salesperson to run what amounts to his own operation, keeping his own clients and records, while the broker collects a monthly fee for the use of her license. Which of the following describes that arrangement?

Permitted if the fee is reasonable

Improper use of license and office

Permitted if the salesperson carries insurance

A properly formed branch office

Question 35: A Missouri broker's affiliated licensee violates a Commission rule despite the firm's clear written policy to the contrary, and the broker wants to know whether she can avoid responsibility for inadequate supervision. Which of the following describes what the rule requires of her?

She must show the violation was unintentional

She must terminate the licensee immediately

She must satisfy all four stated conditions

She must report the violation promptly

Question 36: A Missouri firm promotes a productive salesperson to assistant sales manager, giving her responsibility for recruiting new agents and overseeing several newer licensees in the office. Which of the following describes the license she must hold in that role?

Her existing salesperson license suffices

A designated broker license for the firm

A separate entity license for teams

A broker-salesperson or comparable broker license

Question 37: A Missouri broker wants to use a printed contract form and a warranty deed form in her transactions, and she asks where the forms may permissibly come from. Which of the following describes an approved source under the rule?

A form published by any national vendor

A form the broker drafted herself

A form approved by a bar association

Any form both parties agree to sign

Question 38: A Missouri broker asks her unlicensed office assistant to hold an open house alone on Sunday, answer buyers' questions about the property and its condition, and collect any offers that come in. Which of the following describes that arrangement?

Permitted if the broker reviews all offers

Permitted if the assistant discloses her status

Permitted if she is paid hourly

Prohibited, since these are licensed activities

Question 39: A Missouri broker representing the buyer and a second broker representing the seller close a transaction, and each assumes the other will prepare and deliver the closing statements. Which of the following describes how the rule assigns that duty?

The listing broker bears responsibility for delivery

The selling broker bears responsibility for delivery

Each broker delivers to its own client

The title company assumes the entire duty

Question 40: A Missouri broker arranges for a title company to handle the closing and prepare the settlement statements for both parties, and she does not personally attend the closing herself. Which of the following describes what she must still do?

Sign and date it on closing day

Obtain Commission approval of the closing agent

Require, review and deliver the statement

Deposit the proceeds into her escrow account

MORES Missouri Real Estate Salesperson Exam - Set 2 - Part 2