Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link On October 1 of an odd-numbered year, a Missouri real estate salesperson's license is surrendered. How much of the license fee is refunded to the applicant? A. none B. one-quarter C. one-half D. the entire amount Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A salesperson applying for a broker-salesperson license in Missouri MUST A. have been actively engaged as a salesperson for at least 6 months or must have successfully completed the prescribed broker curriculum and passed the broker examination B. be at least 21 years old and have passed the broker examination C. have been actively engaged as a salesperson for at least 2 years immediately preceding the date of application, shall include a certificate of completion of a broker pre-examination course, and passed the broker examination D. have filed an affidavit with the Missouri Real Estate Commission that no complaints have been made against her for at least 1 year and successfully completed the required broker practice course Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A Missouri real estate licensee negotiates the sale of a house intended for his fiancee and himself. He properly identifies himself to the seller as a licensee, but does not tell the seller that he is getting married to the buyer. Do the licensee's actions violate the Missouri license law? A. Yes, because a licensee cannot purchase or negotiate the sale of property in which the licensee will have a future interest B. Yes, because the licensee did not disclose his future interest in the property to the seller C. No, because a licensee's marital plans do not require disclosure D. No, because a licensee is required simply to give proper identification Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A seller's property is appraised at $100000. The seller and a prospective buyer agree to a sale price of $80000. The buyer suggests writing a second contract to present to the lender showing a sale price of $100000 with an $80000 loan. This contract is legal A. because of the appraised price B. with the consent of the seller C. with the consent of the broker D. under no circumstances Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which of the following is true about the Missouri license law? A. It prohibits an unlicensed person from engaging in real estate transactions for another for compensation B. It requires that a person form a corporation before engaging in real estate transactions for another for compensation C. It regulates the business of an auctioneer D. It does not apply to unlicensed persons Submit Answer