In Missouri, which of the following people is required to have a real estate license?

a professional assistant to a salesperson whose job includes telemarketing the salesperson's services

an attorney-at-law approving real estate contracts

a professional assistant to a salesperson whose job includes telemarketing the salesperson's services

an employee of the Missouri Department of Revenue auditing real estate escrow accounts

a savings and loan officer engaging in a real estate foreclosure action on her company's behalf

The Missouri Real Estate Commission would MOST likely investigate which of the following?

the accusation that a utility easement was not disclosed to the buyer

the proration of a commission between two brokers

the accusation that a utility easement was not disclosed to the buyer

a dispute about the proration of propane gas between the buyer and the seller

the accusation that a broker had refused to pay a salesperson a commission

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

refuse to handle the transaction because she is not acting as a broker for either of the parties.

handle the transaction, but charge no more than the standard fee for her services.

handle the transaction, but charge no fee for her services.

refuse to handle the transaction unless the seller is willing to pay a commission.

refuse to handle the transaction because she is not acting as a broker for either of the parties.

Missouri Real Estate Exam Study Guide PDF State Portion

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Question 1

A broker-salesperson is authorized by Missouri license law to do which of the following?

Your Answer: Option(s)

Correct Answer: Option(s) C

Rationale

A broker-salesperson is authorized by Missouri license law to return to broker status under certain conditions.

In Missouri, a broker-salesperson has the ability to revert to broker status if specific criteria are met, allowing them to operate with greater autonomy and responsibility in the real estate market.

A) Accept commissions from any broker
This option is incorrect because a broker-salesperson can only accept commissions from their designated supervising broker. Accepting commissions from any broker without proper authorization would violate Missouri real estate laws, which mandate that all transactions must be overseen by a licensed broker.

B) Take a listing in her own name
This choice is also incorrect. A broker-salesperson may not take listings in their own name; all listings must be under the name of the supervising broker. This regulation ensures that all real estate transactions are conducted under the supervision of a licensed broker, which upholds industry standards and consumer protection.

C) Return to broker status under certain conditions
This statement is correct. In Missouri, a broker-salesperson can transition back to broker status by fulfilling specific requirements set forth by the Missouri Real Estate Commission. This flexibility allows for career advancement and greater operational independence while ensuring compliance with regulatory standards.

D) Employ a licensed salesperson
This option is incorrect because a broker-salesperson does not have the authority to employ other salespersons. Only a licensed broker can hire and supervise salespersons, thereby maintaining control over their real estate operations and ensuring compliance with state regulations.

Conclusion
In Missouri, the unique role of a broker-salesperson allows for the potential to revert to broker status under specific conditions, providing a pathway for professional growth. Other choices, such as accepting commissions from any broker, taking listings in their own name, or employing salespersons, are restricted by law to ensure proper oversight and adherence to industry regulations. Understanding these distinctions is crucial for real estate professionals operating within the framework of Missouri license law.

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A broker-salesperson is authorized by Missouri license law to return to broker status under certain conditions.

A professional assistant to a salesperson whose job includes telemarketing the salesperson's services.

The accusation that a utility easement was not disclosed to the buyer.

November 30, 2025, is the last date he can make an application for license.

Refuse to handle the transaction because she is not acting as a broker for either of the parties.

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Unlock Full Access

A broker-salesperson is authorized by Missouri license law to return to broker status under certain conditions.

A professional assistant to a salesperson whose job includes telemarketing the salesperson's services.

The accusation that a utility easement was not disclosed to the buyer.

November 30, 2025, is the last date he can make an application for license.

Refuse to handle the transaction because she is not acting as a broker for either of the parties.

Free Preview Ended

Unlock Full Access

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