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Real Estate Salesperson Exam — National Portion

Agency (MO): practice questions

Our Real Estate (National) bank has 23 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Missouri

What must a Missouri seller's agency agreement specify?

  1. The seller's lowest price
  2. Whether subagency may be offered to other brokers
  3. The buyer's identity and financing source
  4. The closing date
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B. Whether subagency may be offered to other brokers — RSMo 339.780.2.

Question 2 · Missouri

What must a Missouri seller's agent disclose to a buyer customer?

  1. The seller's reasons for selling the home
  2. Adverse material facts known or that should be known
  3. The lowest price the seller would accept from any buyer
  4. Nothing at all, since the buyer is a customer
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B. Adverse material facts known or that should be known — RSMo 339.730.3.

Question 3 · Missouri

Must a Missouri seller's agent independently inspect the property for the buyer?

  1. Yes
  2. No
  3. Only for older homes
  4. Only if paid extra
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B. No — RSMo 339.730.3.

Question 4 · Missouri

Under Missouri's agency law, which is commercial real estate?

  1. A single-family home
  2. A duplex with an attached garage
  3. A five-unit building sold whole
  4. A condominium unit in a 50-unit building
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C. A five-unit building sold whole — RSMo 339.710(7).

Question 5 · Missouri

In Missouri, what is an "adverse material fact"?

  1. Any fact the buyer dislikes about the home or the area
  2. A hidden fact that lowers the property's value
  3. The asking price
  4. The seller's motivation
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B. A hidden fact that lowers the property's value — RSMo 339.710(1).

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