MO REAL ESTATE STATE PORTION
EXAM QUESTIONS AND ANSWERS
GRADED A+ 2025/2026
If a licensee violates a provision of the Missouri License Law, the licensee: - ANS Shall be
guilty of a class B misdemeanor and may be liable for criminal prosecution
A broker takes a listing, which one is illegal in Missouri? - ANS Seller collects 94% of list price
and broker is to get all above that
If a licensee breaches his fiduciary responsibilities to the principal, which of the following
actions could not be taken against the licensee? - ANS The state may rescind all contracts
negotiated by the licensee with other principals during the past year
Broker Carr decides to sell her own house and puts a classified ad in the paper with her name
and phone number only. Is this permissible? - ANS No, she must include information in the ad
that she is licensed
The commission may suspend or revoke a license for all of the following reasons EXCEPT: -
ANS A broker deposits a commission in his business account
A person in Missouri attended a pre-license class, passed the test, took Missouri Real Estate
Practice and received a license. After a few months, the licensee decided to place their license
on inactive status. Two years later, the licensee decided to re-activate their license. What must
the licensee do in order to re-activate? - ANS Complete 24 Hour Missouri Real Estate Practice
Course for their type of license and apply to the MREC within 6 months
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, A broker may not conduct his business under any name other than the one in which his license
is issued. A broker acting as a sole proprietor would conduct his business in the name -
ANS On his application for the licensure
A seller's listing has expired and the licensee did not take down his sign until two days later. Did
the licensee violate Missouri License Law? - ANS Yes, because he did not have a contract to
advertise the property.
All of the following usually appear only in the seller closing statement EXCEPT: - ANS Earnest
Money
Seller's loan balance as of May 1 is $60,000. His current interest rate is 8%, the closing date is
May 20. What is the prorated interest at closing? - ANS Debit Seller $267
Taxes of $1320 were paid for the previous calendar year. The property was sold and closing took
place on August 16. The seller was responsible for the day of closing. Taxes would be prorated
as follows: - ANS $828 debit to the seller, $828 credit to the buyer
A $10,000 insurance policy was issued for 3 years. The 3 year premium is $180.00. If the policy
was dated June 1, 1994, what would the approximate value of the unused portion be after
December 8, 1994 closing? - ANS $150
Interest is always a: - ANS Debit to the seller
All of the following regarding the settlement statement are true EXCEPT: - ANS It is a good
faith breakdown of the buyer's monthly payment
A closing statement would contain all of the following EXCEPT: - ANS Sale of personal
property
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
EXAM QUESTIONS AND ANSWERS
GRADED A+ 2025/2026
If a licensee violates a provision of the Missouri License Law, the licensee: - ANS Shall be
guilty of a class B misdemeanor and may be liable for criminal prosecution
A broker takes a listing, which one is illegal in Missouri? - ANS Seller collects 94% of list price
and broker is to get all above that
If a licensee breaches his fiduciary responsibilities to the principal, which of the following
actions could not be taken against the licensee? - ANS The state may rescind all contracts
negotiated by the licensee with other principals during the past year
Broker Carr decides to sell her own house and puts a classified ad in the paper with her name
and phone number only. Is this permissible? - ANS No, she must include information in the ad
that she is licensed
The commission may suspend or revoke a license for all of the following reasons EXCEPT: -
ANS A broker deposits a commission in his business account
A person in Missouri attended a pre-license class, passed the test, took Missouri Real Estate
Practice and received a license. After a few months, the licensee decided to place their license
on inactive status. Two years later, the licensee decided to re-activate their license. What must
the licensee do in order to re-activate? - ANS Complete 24 Hour Missouri Real Estate Practice
Course for their type of license and apply to the MREC within 6 months
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, A broker may not conduct his business under any name other than the one in which his license
is issued. A broker acting as a sole proprietor would conduct his business in the name -
ANS On his application for the licensure
A seller's listing has expired and the licensee did not take down his sign until two days later. Did
the licensee violate Missouri License Law? - ANS Yes, because he did not have a contract to
advertise the property.
All of the following usually appear only in the seller closing statement EXCEPT: - ANS Earnest
Money
Seller's loan balance as of May 1 is $60,000. His current interest rate is 8%, the closing date is
May 20. What is the prorated interest at closing? - ANS Debit Seller $267
Taxes of $1320 were paid for the previous calendar year. The property was sold and closing took
place on August 16. The seller was responsible for the day of closing. Taxes would be prorated
as follows: - ANS $828 debit to the seller, $828 credit to the buyer
A $10,000 insurance policy was issued for 3 years. The 3 year premium is $180.00. If the policy
was dated June 1, 1994, what would the approximate value of the unused portion be after
December 8, 1994 closing? - ANS $150
Interest is always a: - ANS Debit to the seller
All of the following regarding the settlement statement are true EXCEPT: - ANS It is a good
faith breakdown of the buyer's monthly payment
A closing statement would contain all of the following EXCEPT: - ANS Sale of personal
property
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
