Free Missouri Agency Practice Test — LicenseIQ

Question 1

A seller's agent working with an unrepresented buyer must disclose the agency relationship no later than:

Accepted Answer

20 CSR 2250-8.095 requires the seller's agent to disclose agency no later than the first showing to an unrepresented buyer or tenant.

Question 2

A cooperating broker becomes a subagent under a unilateral offer of subagency by:

Accepted Answer

RSMo 339.780.5 provides that under a unilateral offer, another broker becomes a subagent by disclosing that status to the customer. The seller must have agreed in writing that subagents may be used.

Question 3

At an open house, a buyer begins telling the listing agent the most he could pay. The agent should first:

Accepted Answer

Agents must disclose up front whom they represent so customers don't mistakenly share confidential information - anything the agent learns must be shared with the client.

Question 4

A seller instructs her listing agent not to show the home to buyers of a certain national origin. The agent should:

Accepted Answer

Obedience requires following lawful instructions only. Discriminatory instructions violate fair housing laws and must be refused.

Question 5

A seller has already accepted an offer, and another buyer submits a higher offer. The listing agent should:

Accepted Answer

Listing agents must present all offers through closing, but should not give legal advice about the seller's obligations under the existing contract.

Question 6

A material defect that a seller/agent must disclose is one that:

Accepted Answer

Material defects significantly affect value or would influence a buyer's decision and must be disclosed.

Question 7

Without consent, a Missouri dual agent may NOT disclose:

Accepted Answer

RSMo 339.750.4 bars disclosing that a seller would accept less, along with motivation, willingness to pay more, alternative financing terms and prior offers. A known defect is an adverse material fact that must be disclosed.

Question 8

A seller client refuses to consent to her agent's proposed switch to transaction broker status for an in-house sale. Under RSMo 339.755, the licensee may:

Accepted Answer

RSMo 339.755.13 lets the licensee withdraw without liability from a client who refuses transaction brokerage and continue with the other client. Undisclosed dual agency and assignment without consent are prohibited.

Question 9

During a listing walk-through, the agent notices fresh paint on one ceiling area and a musty odor. The agent should:

Accepted Answer

Agents are not inspectors, but must recognize red flags (stains, odors, cracks) and disclose them for further investigation.

Question 10

What duty does a Missouri seller's agent owe to a buyer-customer?

Accepted Answer

RSMo 339.730.3 limits the duty to customers to disclosing adverse material facts actually known or that should have been known, with no duty to inspect or verify.

Question 11

The best way to create an agency relationship is a(n):

Accepted Answer

A written express agreement clearly defines parties, duties and compensation and is enforceable.

Question 12

In a Missouri dual agency, information known to one agent of the firm is:

Accepted Answer

RSMo 339.750.6 states there is no imputation of knowledge between the client and the dual agent or among persons in the entity.

Question 13

Which fiduciary duty continues even after the agency relationship has ended?

Accepted Answer

Most fiduciary duties end with the agency, but the agent must continue to keep the former client's confidential information private.

Question 14

A listing where the seller may sell themselves without owing commission, but only the listing broker among agents is protected, is:

Accepted Answer

In an exclusive agency listing, the seller pays no commission on a self-sale, but the listing broker is protected if any broker sells it. (Reclassified to section 6 / CORE.)

Question 15

In Missouri, when no written agency agreement exists and no other statutory exception applies, a licensee working with a party is considered:

Accepted Answer

RSMo 339.720.2 states a licensee shall be considered a transaction broker unless one of the listed exceptions applies. Missouri does not presume agency.

Question 16

Which of the following is a fiduciary duty an agent owes the principal?

Accepted Answer

Fiduciary duties are Confidentiality, Obedience, Accounting, Loyalty and Disclosure (COALD), plus reasonable care.

Question 17

After designated agents are appointed for a buyer client, another licensee at the firm helps a seller who has no written agreement. That licensee is presumed to be:

Accepted Answer

RSMo 339.820.1 presumes an affiliated licensee assisting a party without a written agreement is a transaction broker unless another status was disclosed or established.

Question 18

The client a broker represents is the:

Accepted Answer

The principal is the client to whom the agent owes fiduciary duties; a customer is a party the agent works with but does not represent.

Question 19

Which statement about dual agency is correct?

Accepted Answer

Dual agency creates an inherent conflict; with informed written consent, the agent provides limited representation and must keep each party's confidences.

Question 20

A seller insists on an 'as is' clause. The listing agent knows of a hidden sewer line break. The agent:

Accepted Answer

20 CSR 2250-8.110 says an 'as is' clause does not relieve the licensee of duties under RSMo 339.100.2(2), and the defect is an adverse material fact.

Question 21

A property manager authorized to collect rents, sign leases, hire contractors and run the owner's buildings on an ongoing basis is typically a:

Accepted Answer

A general agent handles a range of matters in a continuing relationship (typical of property management). A listing agent is a special (limited) agent for one transaction.

Question 22

When a broker appoints one salesperson to represent the seller and another salesperson in the same office to represent the buyer, this is:

Accepted Answer

Designated agency assigns separate agents within one brokerage; the broker is still a dual agent and written consent is required.

Question 23

An agent advertises a home as having a 'new roof' without verifying it; the roof is actually 18 years old. This is:

Accepted Answer

Stating unverified facts that prove false is negligent misrepresentation; knowingly false statements are fraud. Puffing is opinion, not a verifiable fact.

Question 24

An agent tells a buyer he will show homes only if the buyer uses the agent's brother as mortgage broker. This is an illegal:

Accepted Answer

Conditioning one service on the purchase of another is a tying arrangement prohibited by antitrust law.

Question 25

A limited agent may disclose a client's confidential information when:

Accepted Answer

RSMo 339.730.2 and 339.740.2 allow disclosure only when required by law, when silence would be misrepresentation, or to defend the licensee in a proceeding.

Missouri real estate agency practice test

1. A seller's agent working with an unrepresented buyer must disclose the agency relationship no later than:

2. A cooperating broker becomes a subagent under a unilateral offer of subagency by:

3. At an open house, a buyer begins telling the listing agent the most he could pay. The agent should first:

4. A seller instructs her listing agent not to show the home to buyers of a certain national origin. The agent should:

5. A seller has already accepted an offer, and another buyer submits a higher offer. The listing agent should:

6. A material defect that a seller/agent must disclose is one that:

7. Without consent, a Missouri dual agent may NOT disclose:

8. A seller client refuses to consent to her agent's proposed switch to transaction broker status for an in-house sale. Under RSMo 339.755, the licensee may:

9. During a listing walk-through, the agent notices fresh paint on one ceiling area and a musty odor. The agent should:

10. What duty does a Missouri seller's agent owe to a buyer-customer?

11. The best way to create an agency relationship is a(n):

12. In a Missouri dual agency, information known to one agent of the firm is:

13. Which fiduciary duty continues even after the agency relationship has ended?

14. A listing where the seller may sell themselves without owing commission, but only the listing broker among agents is protected, is:

15. In Missouri, when no written agency agreement exists and no other statutory exception applies, a licensee working with a party is considered:

16. Which of the following is a fiduciary duty an agent owes the principal?

17. After designated agents are appointed for a buyer client, another licensee at the firm helps a seller who has no written agreement. That licensee is presumed to be:

18. The client a broker represents is the:

19. Which statement about dual agency is correct?

20. A seller insists on an 'as is' clause. The listing agent knows of a hidden sewer line break. The agent:

21. A property manager authorized to collect rents, sign leases, hire contractors and run the owner's buildings on an ongoing basis is typically a:

22. When a broker appoints one salesperson to represent the seller and another salesperson in the same office to represent the buyer, this is:

23. An agent advertises a home as having a 'new roof' without verifying it; the roof is actually 18 years old. This is:

24. An agent tells a buyer he will show homes only if the buyer uses the agent's brother as mortgage broker. This is an illegal:

25. A limited agent may disclose a client's confidential information when:

Sources