1. Terri is hired for a clerical position at Top Notch Real Estate but does not have a real estate license. Which of the following tasks would Terri NOT be permitted to perform?

2. Which of the following may NOT be included in a listing agreement in Missouri?

3. The Missouri Real Estate Commission is made up of how many broker members and how long must they have held a broker's license?

4. Ted, a licensed real estate broker, places an advertisement in the local newspaper offering anyone who lists their property for sale with him in the month of July will receive $500 cash on the spot and one entry into a lottery for a chance to win a cruise. Which statement regarding this advertising is true?

5. A licensee must take how many hours of core curriculum continuing education in order to renew a real estate license in Missouri?

6. Brokers is Missouri are ultimately responsible for the actions of affiliated licensees. If an agent violates the license law, their broker may also be disciplined for the violation. In which of the following instances would the broker most likely NOT be held liable for the agent's actions?

7. Salesperson Sam, a new yet very successful agent in Missouri, forgot to renew his license and is now seven months late. How much will Sam be assessed as a late fee?

8. Savanna, a broker, has just gotten married and changed her name. She has updated her website, business cards, and all her advertising to reflect her new last name. What else must Savanna do to stay compliant with the Missouri Real Estate Commission?

9. Terri is hired for a clerical position at Top Notch Real Estate but does not have a real estate license. Which of the following tasks would Terri NOT be permitted to perform?

10. Buyer Karen is making an offer on a property of $125,000, asking the seller to split the title fees. She states that she can provide her pre-approval letter and can close the transaction in 30 days. She includes a sapphire necklace as her earnest deposit. Which of the following is true?

11. All In Real Estate is opening a new second location across town in St. Louis, MO. What must the broker do to remain compliant with the rules and statutes set forth by the MREC regarding branch offices?

12. Licensee Brent is working with buyer client Carl on the purchase of a vacation home. Carl has some unique circumstances and requests. Licensee Brent cannot find a suitable form to fit the situation. Brent decides to write a new contract from scratch to better serve his client's needs. Is this allowable under the license law?

13. In Missouri, settlement statements must be delivered to the buyer and seller, outlining all the transaction financial information. Who is responsible for delivering or causing the settlement statements to be delivered to the buyer and seller?

14. At closing, the buyer, Alan, is reviewing the settlement statement. Under buyer's debits are fees for appraisal, inspections, home-owners insurance, loan origination, title work, and the broker's document preparation fee. Which of the following statements is true?

15. Buyer Karen is making an offer on a property of $125,000, asking the seller to split the title fees. She states that she can provide her pre-approval letter and can close the transaction in 30 days. She includes a sapphire necklace as her earnest deposit. Which of the following is true?

16. Which of the following is considered a material fact to a transaction that must be disclosed?

17. Licensee Paula is having her 3rd child and needs a bigger home. She plans to represent herself and her husband in the transaction and looks through the MLS for homes that will suit their needs. She finds a home for sale by owner that is perfect for her growing family. She calls to set a time to view the property and tells the seller she is a licensee and is interested in buying the property. She views the home, writes an offer, and is under contract to purchase. What else must Paula do?

18. The Missouri Real Estate Commission is made up of how many broker members and how long must they have held a broker's license?

19. Licensee Brent is working with buyer client Carl on the purchase of a vacation home. Carl has some unique circumstances and requests. Licensee Brent cannot find a suitable form to fit the situation. Brent decides to write a new contract from scratch to better serve his client's needs. Is this allowable under the license law?

20. Salesperson Gavin represents seller Stacy. Gavin shows Stacy's home to several prospective buyers until one particular buyer, Tim, requests to make an offer and asks Gavin to represent him as a buyer's agent. Gavin agrees and signs a buyer's agency agreement with Tim without Stacy's knowledge. Must Gavin disclose his agency relationship with Tim to Stacy?