Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A Missouri licensee is showing a property that is listed by another company to a prospective buyer. Under the presumption of transaction brokerage, whom does the licensee represent? A. the buyer B. the seller C. both the buyer and seller D. neither the buyer nor the seller Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link The primary purpose of Chapter 339 of Missouri law is to A. provide clear guidelines for licensees about good business practices. B. settle real estate brokers' commission disputes. C. protect the public from real estate violations. D. provide the Missouri Real Estate Commission with the rules to fine or reprimand licensees. Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A licensee who transfers his license to another realty firm A. must file the transfer application with the Missouri Real Estate Commission within 30 days after the license is returned to the Commission. B. must leave all listings with the former broker. C. may, by agreement with both brokers, transfer any listings originally obtained by the licensee to the new broker. D. may begin selling for the new broker as soon as the transfer request has been mailed by priority mail to the Missouri Real Estate Commission. Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Before applying for a broker license, a 19-year-old salesperson with 6 months' experience must A. wait until he is 21 years old to attend a 24-hour broker practice course. B. obtain a certificate from his managing broker attesting to the 6 months' experience and take the broker examination. C. obtain an additional 18 months' experience, complete the 48-hour broker pre-examination course, and pass the broker examination. D. complete an accredited 60-hour broker pre-examination course and pass the broker examination. Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A broker appoints a new manager to be in charge of a branch office. In Missouri, which of the following must be done? A. The manager must avoid engaging in any listing or sale of property. B. The manager must notify the Missouri Real Estate Commission within 30 days of the date of the management change. C. The broker must notify the Missouri Real Estate Commission within 10 days of the date of the management change. D. The broker must give the manager sole responsibility for all brokerage activities conducted at the branch office. Submit Answer