2026 Exam Questions and
Correct Answers | New Update
What is the primary purpose of Chapter 339 of the Missouri statutes?
To protect the public by regulating the actions of licensees to ensure
they are not violating the real estate license law
To protect salespersons from actions caused by dishonest brokers
To give real estate licensees a code for good business practice
,To give the MREC rules to fine and discipline licensees - ANSWER
✔✔To protect the public by regulating the actions of licensees to ensure
they are not violating the real estate license law
Which of the following would need a real estate license under Missouri
Law?
An attorney approving real estate contracts
An owner selling their own property
An executor selling property through an estate sale
A person assisting in telemarketing the broker's services - ANSWER
✔✔A person assisting in telemarketing the broker's services
Auctioneer Grant is negotiating to auction off some odds and ends for a
farm family. In the course of the negotiation, the farmer asks Grant if he
could also auction off the farm. Which BEST describes the situation?
,He would NOT have to have a real estate license as long as he sold the
personal property and the farm together
He would NOT have to be licensed as long as he sold only personal
property and the land without any improvements on the land itself
He would have to have a real estate license to auction off the farm
He would NOT have to have a real estate license as he was auctioning it
for the owner - ANSWER ✔✔He would NOT have to have a real
estate license as he was auctioning it for the owner
An unlicensed interior designer was instrumental in procuring a buyer for
a listed property that sold. The interior designer:
Can be paid a fee if the buyer and seller negotiate the fee
Can be compensated by the seller only
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, Can be compensated by the broker only
Cannot receive a fee for this service - ANSWER ✔✔Cannot receive a
fee for this service
A motel desk clerk was giving referrals to a real estate company and
receiving $24 in compensation for the referrals. Does he need to be
licensed?
Yes, as he was a motel desk clerk
Yes, since he was being compensated for the referrals
No, because his main income comes from the motel
No, because the referral was for less than $25 - ANSWER ✔✔Yes,
since he was being compensated for the referrals