MORES - Missouri Real Estate Salesperson Exam

Question 21: A Missouri tenancy ends and the landlord keeps part of the deposit for damage without sending the tenant anything at all in writing about what she kept. Which of the following describes what the statute requires within thirty days?

A written notice of intent only

Return in full regardless of damage

Full return or an itemized list

A court filing establishing the damage

Question 22: A Missouri landlord withholds a substantial portion of a security deposit wrongfully and without any basis at all, and the former tenant sues her in small claims court. Which of the following describes the recovery the statute allows her?

Twice the amount wrongfully withheld

The amount withheld plus court costs

Three times the amount withheld

The full deposit plus a statutory penalty

Question 23: A Missouri landlord and a month-to-month tenant each want to end the arrangement between them, and the landlord asks what form and what timing the statute requires for a proper notice. Which of the following states the requirement?

Thirty days written notice from any date

Sixty days written notice from any date

Oral notice at least one month ahead

Written notice ending on a rent-paying date

Question 24: A Missouri city adopts an ordinance forbidding private landlords from refusing rental applicants whose lawful income happens to include federal housing assistance vouchers. Which of the following describes the effect of the two thousand twenty-five amendment on that ordinance?

The ordinance is preempted

The ordinance stands as local law

The ordinance applies only to large landlords

The ordinance requires state approval

Question 25: A Missouri borrower defaults on a loan secured against her home, and the lender prepares to sell the property at auction without ever filing suit in court. Which of the following describes the arrangement Missouri uses for that security?

A mortgage foreclosed judicially

A deed of trust, trustee foreclosure

A land contract forfeited by the seller

A lien enforced by the county collector

Question 26: A Missouri trustee prepares to foreclose on property in a county containing a city of more than fifty thousand people and must publish notice of the trustee's sale in a newspaper. Which of the following states what the statute requires there?

Four successive weekly issues

A single insertion thirty days ahead

Twenty insertions in a daily newspaper

Publication in the county legal record only

Question 27: A Missouri foreclosing trustee must mail individual notice of the trustee's sale to the property owner, and she asks how far in advance and by exactly what method the statute requires it. Which of the following states both?

Twenty days ahead, certified or registered

Ten days ahead by first class mail

Thirty days ahead by first class mail

Forty days ahead by certified mail

Question 28: A Missouri property sells at a trustee's sale to an unrelated third party who bid against the lender and won. The former owner asks whether she may redeem the property within the following year. Which of the following describes her position?

She may redeem within one year

She may redeem with purchaser consent

She may redeem within two years

No right of redemption arises

Question 29: A Missouri borrower whose lender bought the property at the trustee's sale wants to preserve her redemption right and asks what she must do immediately after the sale to keep that right alive. Which of the following states that requirement?

File a petition within ten days

Post security within twenty days

Record a notice within thirty days

Pay the bid price within one year

Question 30: A Missouri subcontractor who supplied labor and materials on a residential remodel wants to file a mechanic's lien and asks how long she has to file after the indebtedness accrued. Which of the following states the current deadline?

Sixty days

Four months

Six months

One year

Question 31: A Missouri subcontractor prepares to file a mechanic's lien statement and learns that she must give the property owner something first, quite unlike the original contractor working on the same project. Which of the following states that requirement?

A recorded notice of commencement

Thirty days notice to the owner

Written demand for payment first

Ten days notice to the owner

Question 32: A Missouri assessor is valuing three properties for the coming tax year, and the owner of the residence asks what portion of true value in money will be entered as her assessed value. Which of the following states that ratio?

Nineteen percent

Twelve percent

Thirty-two percent

One hundred percent

Question 33: A Missouri assessor sets new values for an entire county and a licensee asks how often that reassessment happens and as of what date the values are actually fixed for the cycle. Which of the following states both?

Every year, as of January first

Every three years, as of assessment day

Even-numbered years, as of July first

Odd-numbered years, as of January first

Question 34: A Missouri assessor proposes to raise the valuation of a home by well over fifteen percent since the last assessment, and no new construction accounts for the increase. Which of the following describes what the statute requires first?

A physical inspection of the property

Approval by the county commission

A hearing before the board of equalization

Consent from the property owner

Question 35: A buyer relocating to Missouri from another state reviews her closing settlement statement line by line and cannot find anywhere the entry she expected for the tax on the transfer of the deed. Which of the following explains its absence?

It appears only on commercial closings

It is collected later by the county

It was waived by the title company

The Missouri Constitution bars such a tax

Question 36: A Missouri buyer and seller sign a purchase agreement, and the buyer later argues that no contract exists because the parties never exchanged anything of value at signing. Which of the following identifies the element she is describing?

Legality of object

Consideration

Offer and acceptance

Competent parties

Question 37: A seventeen-year-old signs a written contract to buy a Missouri home from an adult seller and then changes her mind entirely well before the scheduled closing date arrives. Which of the following describes the status of that contract?

Void from the beginning

Unenforceable by either party

Voidable by the minor

Fully binding once signed

Question 38: A Missouri seller and buyer agree orally on the sale of a house, shake hands on the price, and the seller later refuses to proceed with the sale. Which of the following identifies the doctrine that defeats the buyer's suit?

The parol evidence rule

The statute of frauds

The doctrine of laches

The doctrine of merger

Question 39: A Missouri buyer pays a seller a sum for the exclusive right to purchase a property at a set price within ninety days, and the buyer is not obligated to go forward. Which of the following identifies that arrangement?

A contract for deed

A right of first refusal

An option contract

A binding purchase agreement

Question 40: A Missouri buyer breaches a purchase contract, and the seller wants the property conveyed rather than money damages because the parcel and its particular location are genuinely unique. Which of the following identifies the remedy she is seeking?

Liquidated damages

Rescission

Compensatory damages

Specific performance

MORES Missouri Real Estate Salesperson Exam - Set 5 - Part 2