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The Missouri Exam Prep: Missouri Real Estate Commission
Flashcards What is the difference between the Missouri Real Estate statutes and rules?A. Rules are made by the governor and the senate may adopt new statutesB. Rules are the same as statutes and Chapter 339 is the Missouri rulesC. A statute change requires legislative action and rules may be changed from time to time by the commissioners
- A statute change requires legislative action and rules
may be changed from time to time by the commissioners
Chapter 339 is also known as:A. Law of AgencyB. Missouri
License LawC. Administrative Commission Code
- Missouri License Law
A regulation is to statutes as:A. A rule is to Chapter 339B.
A statute is to Chapter 339C. Legislation is to Chapter 339
- A rule is to Chapter 339
- 5 years
What is the term of a real estate commissioner?A. 5 yearsB. 2 yearsC. 1 year
The Missouri Real Estate Commissions primary
responsibility is to:A. Regulate realtor educational
activitiesB. Enforce the provisions of the Missouri license lawC. Promote membership in local boards and associations
- Enforce the provisions of the Missouri license law
- Protecting the public by investigating complaints brought
What is the main responsibility of the commission under Chapter 339?A. Preserving Missouri property values through use of lobbyist and fundraising activitiesB.Protecting the public by investigating complaints brought by consumers and verifying consumer funds are properly handledC. Serving as advocates of the states elected officials including the senate and governor
by consumers and verifying consumer funds are properly handled
Under the Missouri Real Estate Act:A. No commissioner
may act without authority of directorB. Real Estate schools may only be approved by the state education commissionC. All those engaged in the business of real estate must be properly licensed
- All those engaged in the business of real estate must be
properly licensed Employees of the Missouri Real Estate Commission
must:A. Place their real estate license inactive during
employmentB. Elect a new chair person annuallyC. Hold inactive real estate license
- Place their real estate license inactive during
- The commissioners are paid 75 dollars a day plus
employment Which of the following statements is true?A. The public member of the Missouri Real Estate Commission only serves for a term of 1 yearB. The commissioners are paid 75 dollars a day plus expenses when acting in their official capacityC. The commissioners are forbidden to practice real estate and earn fees from engaging in real estate business
expenses when acting in their official capacity
The Missouri Association of REALTORS may:A. Appoint up
to 5 commissionersB. Elect the chairmen of the commissionC. Recommend up to 5 realtors when a vacancy opens
- Recommend up to 5 realtors when a vacancy opens
Rules as adopted by the Missouri Real Estate Commission
are also known as:A. StatutesB. RegulationsC. Bylaws
- Regulations
Missouri statutes:A. Require legislative action for changes
to occurB. Are also known as regulationsC. Can only be found under the rules
- Require legislative action for changes to occur
Each year, the commissioners must:A. Elect a new
chairpersonB. Reappointed by the governorC. Reapply to serve on the commission
- Elect a new chairperson
No member of the commission may:A. Be a member of the
publicB. Hold an active real estate licenseC. Have economic interest in real estate school
- Have economic interest in real estate school
A violation of Missouri License Law is:A. A Missouri
felonyB. A class B misdemeanorC. A federal crime
- A class B misdemeanor
Snookie is interested in obtaining some records from the
Missouri Real Estate Commission. Snookie may:A. See all
records maintained by the commissionB. Not see any commission records because they are confidentialC. Be charged a copy and research fee
- Be charged a copy and research fee
The Missouri Real Estate Commission is made up of:A. 6
members who are licensedB. 3 members who are attorneysC. 1 member who is appointed by the MREC chairmen
- 6 members who are licensed
The MREC:A. Only approves pre-;licensing schoolsB.
Earns a fee from continuing education schools based on the schools profitsC. Approves pre-licensing and continuing education schools
- Approves pre-licensing and continuing education
- The commissioner serve as elected officials
schools Which of the following is false regarding the Missouri Real Estate Commission?A. The governor may remove a commissioner for causeB. The commissioner serve as elected officialsC. The commission makes and enforces rules by which all licenses must abide
The Missouri Real Estate Commission consists of:A. 7
broker membersB. Members who are appointed by the governorC. Volunteers elected into the position
- Members who are appointed by the governor
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