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Missouri Real Estate Exam Practice Questions and Answers (72 Questions) | Chapter 339 Real Estate License Law | Missouri Real Estate Commission (MREC)

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This comprehensive study guide contains 72 Missouri Real Estate Exam practice questions and verified answers covering the core principles of Missouri Real Estate License Law (Chapter 339) and the regulatory framework administered by the Missouri Real Estate Commission (MREC). The material is presented in an exam-style question-and-answer format, allowing students to reinforce their understanding of licensing requirements, brokerage relationships, agency law, escrow and trust account regulations, property management, advertising requirements, contracts, disclosures, disciplinary procedures, continuing education, license renewal, and broker and salesperson responsibilities. Designed as an effective revision resource, this document helps learners identify frequently tested concepts and apply Missouri-specific real estate laws to practical examination scenarios. The practice questions mirror the style of licensing examinations, making the resource valuable for final exam preparation, self-assessment, and review before the Missouri Real Estate Salesperson or Broker licensing examination. The guide is particularly useful for students seeking to strengthen their knowledge of Missouri licensing regulations, agency relationships, trust account management, contract requirements, ethics, and compliance with state real estate statutes. Relevant Students: This document is suitable for: Missouri Real Estate Salesperson License candidates Missouri Real Estate Broker License candidates Pre-licensing real estate students Continuing education students reviewing Missouri License Law Real estate school and licensing exam candidates Individuals preparing for the Missouri Real Estate Commission (MREC) examination APA References Missouri General Assembly. (n.d.). Chapter 339—Real estate agents, brokers, appraisers and escrow companies. Missouri Real Estate Commission. (n.d.). Missouri Real Estate Commission. Missouri Division of Professional Registration. Keywords Missouri real estate exam, Missouri real estate practice questions, Missouri real estate exam answers, Chapter 339, Missouri Real Estate Commission, MREC, Missouri license law, real estate licensing, salesperson exam, broker exam, real estate contracts, agency law, buyer agency, seller agency, dual agency, transaction broker, escrow accounts, trust accounts, earnest money, property management, continuing education, license renewal, advertising regulations, brokerage law, disclosures, ethics, disciplinary procedures, real estate exam prep, Missouri real estate study guide, licensing examination, exam review, practice test, real estate law, broker responsibilities, salesperson responsibilities

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Missouri Real Estate Exam
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

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