Missouri Real Estate Final Exam Madison
Q & As (Verified Answers) 2026
A Missouri licensee neglects to complete her continuing
education requirement and fails to renew her license. Which
of the following may she be required to do if she applies for
renewal 3 months after her expiration date? - Correct
Answers ✅Pay a delinquent fee of $150 in addition to the
license fee and complete the continued education
requirement - $50 per month up to $200 max
The Missouri Real Estate Commission received a complaint
regarding the distribution of a commission between licensees.
Which of the following will the Commission do? - Correct
Answers ✅C. Investigate the complaint
Missouri taxes on a property are $625 per year from January
1 to January 31. The Property is sold and closes on October
31. If the taxes for the current year are prorated at closing,
the closing statement will show a - Correct Answers
✅Credit to the buyer of $520.83 an debit to the seller of
$520.83
Two brokers each own 50% of a real estate company. Due to
disagreements about the business, the brokers decided to
split the assets of the company. One broker forms a new
company and is assigned 50% of the listings of the original
company. Is there a violation of the Missouri license law or
rules and regulations in such arrangement? - Correct
Answers ✅Yes, because permission was not obtained from
the Missouri Real Estate Commission to assign the listings.
,Missouri Real Estate Final Exam Madison
Q & As (Verified Answers) 2026
In Missouri, a person who violates the license law - Correct
Answers ✅May be subject to criminal prosecution under the
general laws of the state.
Two weeks after obtaining a listing of a property at a price of
92,000 the Listing licensee discovers that a property in the
same Subdivision is sold for 105,000. Should the Licensee
warn the seller - Correct Answers ✅Yes, because this is
material facts that must be disclosed to the seller
A broker changed the location of his real estate office, within
how many days of the move must the Broker notify the
Missouri real estate commission - Correct Answers ✅10
A Missouri real estate licensee negotiates the sale of a house
intended for his fiancee and himself. He properly identifies
himself to the seller as a licensee, but does not tell the seller
that he is getting married to the buyer. Do the licensee's
actions violate the Missouri license law? - Correct Answers
✅Yes, because the licensee did not disclose his future
interest in the property to the seller.
In Missouri, under which of the following circumstances may a
licensee offer gifts or prizes to influence a person to purchase
or to consider purchasing property? - Correct Answers
✅Under no circumstance
, Missouri Real Estate Final Exam Madison
Q & As (Verified Answers) 2026
Which of the following statements by a licensee could cause
a Missouri real estate commission to file a complaint against
the licensee - Correct Answers ✅You will be able to sell
This house at a good profit
One year prior to application for a Missouri real estate
license, a person was found guilty on obtaining money under
false Pretenses. Can a Missouri Real estate commission
Refuse to issue her a license - Correct Answers ✅Yes
because of this previous offense
A Missouri real estate broker starts a computerized loan
servicing company and delegates the operation of her real
estate brokerage to her top salesperson. The broker would
probably be found to be in violation of the license law -
Correct Answers ✅For allowing a salesperson to operate
the brokerage business
While conducting an investigation into the practice of a
Licensee. The Missouri real estate commission may - Correct
Answers ✅Subpoena the licensee records and papers that
have bearings to the complaint
Is the listing licensee in violation of the rules & regulations if
she fails to deliver a copy of a sales contract to the seller
after the buyer has accepted the sellers counter-offer? -
Correct Answers ✅Yes, as a fiduciary agent to the seller,
Q & As (Verified Answers) 2026
A Missouri licensee neglects to complete her continuing
education requirement and fails to renew her license. Which
of the following may she be required to do if she applies for
renewal 3 months after her expiration date? - Correct
Answers ✅Pay a delinquent fee of $150 in addition to the
license fee and complete the continued education
requirement - $50 per month up to $200 max
The Missouri Real Estate Commission received a complaint
regarding the distribution of a commission between licensees.
Which of the following will the Commission do? - Correct
Answers ✅C. Investigate the complaint
Missouri taxes on a property are $625 per year from January
1 to January 31. The Property is sold and closes on October
31. If the taxes for the current year are prorated at closing,
the closing statement will show a - Correct Answers
✅Credit to the buyer of $520.83 an debit to the seller of
$520.83
Two brokers each own 50% of a real estate company. Due to
disagreements about the business, the brokers decided to
split the assets of the company. One broker forms a new
company and is assigned 50% of the listings of the original
company. Is there a violation of the Missouri license law or
rules and regulations in such arrangement? - Correct
Answers ✅Yes, because permission was not obtained from
the Missouri Real Estate Commission to assign the listings.
,Missouri Real Estate Final Exam Madison
Q & As (Verified Answers) 2026
In Missouri, a person who violates the license law - Correct
Answers ✅May be subject to criminal prosecution under the
general laws of the state.
Two weeks after obtaining a listing of a property at a price of
92,000 the Listing licensee discovers that a property in the
same Subdivision is sold for 105,000. Should the Licensee
warn the seller - Correct Answers ✅Yes, because this is
material facts that must be disclosed to the seller
A broker changed the location of his real estate office, within
how many days of the move must the Broker notify the
Missouri real estate commission - Correct Answers ✅10
A Missouri real estate licensee negotiates the sale of a house
intended for his fiancee and himself. He properly identifies
himself to the seller as a licensee, but does not tell the seller
that he is getting married to the buyer. Do the licensee's
actions violate the Missouri license law? - Correct Answers
✅Yes, because the licensee did not disclose his future
interest in the property to the seller.
In Missouri, under which of the following circumstances may a
licensee offer gifts or prizes to influence a person to purchase
or to consider purchasing property? - Correct Answers
✅Under no circumstance
, Missouri Real Estate Final Exam Madison
Q & As (Verified Answers) 2026
Which of the following statements by a licensee could cause
a Missouri real estate commission to file a complaint against
the licensee - Correct Answers ✅You will be able to sell
This house at a good profit
One year prior to application for a Missouri real estate
license, a person was found guilty on obtaining money under
false Pretenses. Can a Missouri Real estate commission
Refuse to issue her a license - Correct Answers ✅Yes
because of this previous offense
A Missouri real estate broker starts a computerized loan
servicing company and delegates the operation of her real
estate brokerage to her top salesperson. The broker would
probably be found to be in violation of the license law -
Correct Answers ✅For allowing a salesperson to operate
the brokerage business
While conducting an investigation into the practice of a
Licensee. The Missouri real estate commission may - Correct
Answers ✅Subpoena the licensee records and papers that
have bearings to the complaint
Is the listing licensee in violation of the rules & regulations if
she fails to deliver a copy of a sales contract to the seller
after the buyer has accepted the sellers counter-offer? -
Correct Answers ✅Yes, as a fiduciary agent to the seller,
