Missouri Real Estate Exam
2026 Exam Questions and
Answers | Already Graded A+
The MREC requires the brokers for the buyer and seller to retain legible
copies of both buyer's and seller's signed closing statements -
ANSWER ✔✔3 years
By what title is Chapter 339 of the Missouri State Statutes also known? -
ANSWER ✔✔The license law
If the buyer and seller are represented by different brokers, it is the
responsibility of ________ to deliver, or cause to have delivered, the
closing statements. - ANSWER ✔✔listing broker
,Broker Kelley took a listing from seller Smith. Which of the following
statements is accurate? - ANSWER ✔✔Broker Kelley must give
seller Smith a copy at the time of signing.
When must a listing broker FIRST disclose to an unrepresented buyer
his agency relationship with the seller? - ANSWER ✔✔No later than
the first showing
Broker Darren attempted to renew his license, however, he failed to
complete the required continuing education coursework. After a period of
three months time, Darren wanted to reinstate his license. What action
would Darren need to take? - ANSWER ✔✔Pay a late fee of $150
and retake the 24-hour Missouri Practices course
The buyer and seller agree to have an attorney administer their closing.
Which statement is false in regard to the broker's responsibility? -
ANSWER ✔✔The broker is required to sign the closing statement.
What is not required to be shown in the disbursements from an escrow
account of a property manager? - ANSWER ✔✔The balance of the
account to the owner
Is it possible for the MREC to suspend a license while the salesperson is
under investigation? - ANSWER ✔✔No, a salesperson must have a
, hearing and be found guilty by the AHC before the MREC can suspend
his license.
Ethan and Robert are applying for a broker's license as a partnership.
One of the two men had been found guilty of embezzlement, but has
made full restitution. Of the following statements, which is true? -
ANSWER ✔✔If the license is denied, the applicant should file an
appeal with the AHC.
A friend who was giving his son a parcel of real estate and called the
broker to complete a quit claim for the friend to deed property to his son.
Can the broker do this? - ANSWER ✔✔No, since the broker is not a
party to the transaction, he would be practicing law if he completed the
form.
After the contract between a buyer and seller failed, there was a dispute
concerning to whom the earnest money belonged. The seller claimed he
has a right to the money. The buyer claimed the money was his. The
broker sent a registered letter stating he would give the earnest money
to the seller. At what point could the broker release the money? -
ANSWER ✔✔After 15 days
Adam was just appointed to the MREC. How long is his term? -
ANSWER ✔✔5 years
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
2026 Exam Questions and
Answers | Already Graded A+
The MREC requires the brokers for the buyer and seller to retain legible
copies of both buyer's and seller's signed closing statements -
ANSWER ✔✔3 years
By what title is Chapter 339 of the Missouri State Statutes also known? -
ANSWER ✔✔The license law
If the buyer and seller are represented by different brokers, it is the
responsibility of ________ to deliver, or cause to have delivered, the
closing statements. - ANSWER ✔✔listing broker
,Broker Kelley took a listing from seller Smith. Which of the following
statements is accurate? - ANSWER ✔✔Broker Kelley must give
seller Smith a copy at the time of signing.
When must a listing broker FIRST disclose to an unrepresented buyer
his agency relationship with the seller? - ANSWER ✔✔No later than
the first showing
Broker Darren attempted to renew his license, however, he failed to
complete the required continuing education coursework. After a period of
three months time, Darren wanted to reinstate his license. What action
would Darren need to take? - ANSWER ✔✔Pay a late fee of $150
and retake the 24-hour Missouri Practices course
The buyer and seller agree to have an attorney administer their closing.
Which statement is false in regard to the broker's responsibility? -
ANSWER ✔✔The broker is required to sign the closing statement.
What is not required to be shown in the disbursements from an escrow
account of a property manager? - ANSWER ✔✔The balance of the
account to the owner
Is it possible for the MREC to suspend a license while the salesperson is
under investigation? - ANSWER ✔✔No, a salesperson must have a
, hearing and be found guilty by the AHC before the MREC can suspend
his license.
Ethan and Robert are applying for a broker's license as a partnership.
One of the two men had been found guilty of embezzlement, but has
made full restitution. Of the following statements, which is true? -
ANSWER ✔✔If the license is denied, the applicant should file an
appeal with the AHC.
A friend who was giving his son a parcel of real estate and called the
broker to complete a quit claim for the friend to deed property to his son.
Can the broker do this? - ANSWER ✔✔No, since the broker is not a
party to the transaction, he would be practicing law if he completed the
form.
After the contract between a buyer and seller failed, there was a dispute
concerning to whom the earnest money belonged. The seller claimed he
has a right to the money. The buyer claimed the money was his. The
broker sent a registered letter stating he would give the earnest money
to the seller. At what point could the broker release the money? -
ANSWER ✔✔After 15 days
Adam was just appointed to the MREC. How long is his term? -
ANSWER ✔✔5 years
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
