MO 24 Hour Real Estate exam with correct answer

24-
Hour MO Real Estate Practice Course Chapt
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ers 1-3
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Acbtransactioncbbroker'scbresponsibilitiescbwouldcbNOTcbinclude


-cbkeepingcballcbpartiescbfullycbinformed.
-cbseekingcbmortgagecblendercbapproval.
-cbprotectingcbthecbconfidencescbofcbbothcbparties.

-cbaccountingcbforcballcbmoneycbandcbpropertycbreceived.cb-cbcorrectcbanswer✔
✔ seekingcbmortgagecblendercbapproval.


Missouricblawcbdoescbnotcballowcblicenseescbtocbwork


-cbsimultaneouslycbascbacbdesignatedcbagentcbforcbbothcbparties.
-cbforcbthecbinterestcbofcbbothcbpartiescbtocbthecbtransaction.
-cbincbacbneutralcbposition.

-cbforcbthecbinterestcbofcbonecbpartycbtocbthecbtransaction.cb-cbcorrectcbanswer✔
✔ simultaneouslycbascbacbdesignatedcbagentcbforcbbothcbparties.


WhatcbarecbthecbtwocbexceptionscbregardingcbDesignatedcbAgencycbwhichcbca
ncbbothcbresultcbincbDualcbAgency?

,-
cbIfcbthecbagentcbrepresentingcbthecbpersoncbascbacbbuyercborcbtenantcbiscbalsocbthec
bagentcbwhocblistedcbthecbpropertycbthecbpersoncbwantscbtocbbuycborcbleasecborcbifc


bthecbsupervisingcbbrokercbofcbtwocbdesignatedcbagentscbbecomescbinvolvedcbi


ncbthecbtransaction
-
Ifcbthecbagentcbrepresentingcbthecbbuyercbiscbthecbcooperatingcbbrokercborcbassi
cb


gnedcbbycbthecbcooperatingcbbroker
-
cbIfcbthecbpersoncbbuyingcbthecblistedcbthecbpropertycbhirescbacbsecondcbagentcborc
brequirescblegalcbassistance



-
cbIfcbthecbagentcbrepresentingcbthecbpersoncbascbacbbuyercbiscbalsocbthecbagentcbwh
ocbfirstcbshowedcbthecblistedcbthecbpropertycborcbifcbacbsupervisingcbbrokercbagen
tscbhascblistedcbthecbproperty.cb-cbcorrectcbanswer✔ ✔
Ifcbthecbagentcbrepresentingcbthecbpersoncbascbacbbuyercborcbtenantcbiscbalsocbth
ecbagentcbwhocblistedcbthecbpropertycbthecbpersoncbwantscbtocbbuycborcbleasecborcb
ifcbthecbsupervisingcbbrokercbofcbtwocbdesignatedcbagentscbbecomescbinvolvedc
bincbthecbtransaction




Oncecbacbclientcbhascbenteredcbintocbacbwrittencbagreementcbforcbservicescbwithcb
acbdesignatedcbbroker,cbwhichcbofcbthecbfollowingcbiscbTRUE?

,-
Itcbiscbnecessarycbthatcbthecblicenseecbmakecbthecbdisclosurescbagaincbtocbthatcbp
cb


arty.
-
Itcbiscbnecessarycbforcbanycbothercblicenseecbincbthatcbcompanycbtocbmakecbthes
cb


ecbbrokeragecbdisclosures.
-
Itcbiscbnecessarycbforcbanycbothercblicenseecbincbothercbcompaniescbtocbdocume
cb


ntcbthesecbbrokeragecbdisclosures.
-
Itcbiscbnotcbnecessarycbthatcbthecblicenseecbmakecbthecbdisclosurescbagaincbtocbt
cb


hatcbparty.cb-cbcorrectcbanswer✔ ✔
Itcbiscbnotcbnecessarycbthatcbthecblicenseecbmakecbthecbdisclosurescbagaincbtocbt
hatcbparty.


Accordingcbtocbthecbbrokercbdisclosurecbform,cbwhencbshouldcbthecbprospectiv
ecbbuyer,cbseller,cbtenant,cborcblandlordcbmakecbthecbinformedcbchoicecbregardi
ngcbacbrealcbestatecblicensee?


-cbAftercbfindingcbacbhousecbtheycbwantcbtocbbuy
-cbWhencbit'scbtimecbtocbpaycbcommission
-cbDuringcbthecbtimecbthey'recbworkingcbwithcbacbrealcbestatecblicensee

-cbBeforecbtheycbworkcbwithcbacbrealcbestatecblicenseecb-cbcorrectcbanswer✔
✔ Beforecbtheycbworkcbwithcbacbrealcbestatecblicensee

, WhichcbofcbthecbfollowingcbiscbNOTcbacbclassificationcbfeaturecbofcbresidentialc
brealcbestate?




-cbContainscbnotcbmorecbthancbfourcbdwellingcbunits
-cbContainscbsinglecbdwellingcbunits
-cbResidentialcbunitscbbuiltcbascbduplexcbdwellings

-cbAgriculturalcbandcbhorticulturalcbpropertycb-cbcorrectcbanswer✔ ✔
Agriculturalcbandcbhorticulturalcbproperty


Youcbarecbconductingcbancbopencbhousecboncbacbproperty,cbandcbacbcouplecbwalk
scbincbandcbasks,cb"cbWhatcbarecbtheycbaskingcbforcbthecbhouse?"cbWhatcbwouldcbb
ecbthecbbestcbthingcbforcbyoucbtocbsay?


-
"Youcbcannotcblookcbatcbthecbhousecbuntilcbyoucbsitcbdowncbandcbdiscusscbagen
cb


cycbrelationshipscbwithcbme."
-cb"Takecbacblookcbaroundcbandcbletcbmecbknowcbifcbyoucbhavecbanycbquestions."
-cb"Herecbiscbacbdisclosurecbform."

-cb"Docbyoucbhavecbrepresentation?"cb-cbcorrectcbanswer✔ ✔
"Takecbacblookcbaroundcbandcbletcbmecbknowcbifcbyoucbhavecbanycbquestions."


ThecbBrokercbDisclosurecbFormcbhascbbeencbmandatedcbby