Missouri Real Estate Salesperson Exam — All Questions

Under Missouri's brokerage relationship law, a licensee who assists a party in a transaction without representing that party as an agent acts as a:

• a.Transaction broker✓
• b.Dual agent
• c.Subagent
• d.Designated broker

Missouri statute recognizes several brokerage relationships, including seller's agent, buyer's agent, dual agent, designated agent, subagent, and transaction broker. A transaction broker assists one or more parties without acting as an advocate or agent for any of them.

Missouri requires a licensee to give a party the Broker Disclosure Form that identifies the brokerage relationship:

• a.At the closing table
• b.At the first substantive contact with the party✓
• c.Only after an offer is accepted
• d.Only if the party asks for it

Missouri law requires the written Broker Disclosure Form (the Missouri broker disclosure) to be provided at the first substantive contact with a party, so consumers understand early whether the licensee represents them or is acting in another capacity.