Missouri: Business Conduct
and Practices - Real Estate
License Exam Questions and
Answers 100% PASS
Sponsoring brokers - CORRECT ANSWER-are responsible for supervising all real estate
activities of all associated licensed and unlicensed persons. This includes protecting
confidential information.
Each branch office - CORRECT ANSWER-must be registered with MREC and operated under
the same name and license as the parent office.
Branch offices - CORRECT ANSWER-must operate under the "direct supervision of a licensed
broker, broker-salesperson, broker-partner, broker-associate, or broker-officer of the
principal licensed broker." The principal licensed broker is still ultimately responsible for all
activities conducted by the branch office.
Brokers - CORRECT ANSWER-must provide written notification to the MREC within 10 days
when changes occur to the branch office address or managing licensee, or when a new
branch is opened.
, Unlicensed assistants - CORRECT ANSWER-can't legally perform activities requiring a real
estate license. These assistants are usually employees who are paid on an hourly, per task,
or salary basis. Because unlicensed assistants don't hold a real estate license, they can't be
paid a commission.
Unlicensed assistants - CORRECT ANSWER-can perform clerical or administrative tasks that
don't require a real estate license. These tasks may include, answering phones, maintaining
copies and files, calculating commission checks, preparing materials for advertisements or
promotions (to be reviewed and approved by a licensee), scheduling appointments and
showings, checking the status of loan commitments, inspections, appraisals, etc. Individuals
can't work as an unlicensed assistant for one firm and as a licensed assistant for another
firm.
Advertisements - CORRECT ANSWER-must contain appropriate disclosures: If a licensee is
engaged in the real estate transaction, the advertisement can't in any way give the
impression that a real estate professional isn't involved. It must be clear that a real estate
professional is placing the advertisement.
Advertisements - CORRECT ANSWER-must contain the brokerage name and phone number.
These two pieces of information are required in all real estate advertising.
listing agreement - CORRECT ANSWER-is a binding contract between the seller of a property
and the seller's listing broker.
listing agreement - CORRECT ANSWER-serves as an employment contract between a broker
(representing the brokerage company) and a seller; it's not between an individual licensee
and a seller.
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
and Practices - Real Estate
License Exam Questions and
Answers 100% PASS
Sponsoring brokers - CORRECT ANSWER-are responsible for supervising all real estate
activities of all associated licensed and unlicensed persons. This includes protecting
confidential information.
Each branch office - CORRECT ANSWER-must be registered with MREC and operated under
the same name and license as the parent office.
Branch offices - CORRECT ANSWER-must operate under the "direct supervision of a licensed
broker, broker-salesperson, broker-partner, broker-associate, or broker-officer of the
principal licensed broker." The principal licensed broker is still ultimately responsible for all
activities conducted by the branch office.
Brokers - CORRECT ANSWER-must provide written notification to the MREC within 10 days
when changes occur to the branch office address or managing licensee, or when a new
branch is opened.
, Unlicensed assistants - CORRECT ANSWER-can't legally perform activities requiring a real
estate license. These assistants are usually employees who are paid on an hourly, per task,
or salary basis. Because unlicensed assistants don't hold a real estate license, they can't be
paid a commission.
Unlicensed assistants - CORRECT ANSWER-can perform clerical or administrative tasks that
don't require a real estate license. These tasks may include, answering phones, maintaining
copies and files, calculating commission checks, preparing materials for advertisements or
promotions (to be reviewed and approved by a licensee), scheduling appointments and
showings, checking the status of loan commitments, inspections, appraisals, etc. Individuals
can't work as an unlicensed assistant for one firm and as a licensed assistant for another
firm.
Advertisements - CORRECT ANSWER-must contain appropriate disclosures: If a licensee is
engaged in the real estate transaction, the advertisement can't in any way give the
impression that a real estate professional isn't involved. It must be clear that a real estate
professional is placing the advertisement.
Advertisements - CORRECT ANSWER-must contain the brokerage name and phone number.
These two pieces of information are required in all real estate advertising.
listing agreement - CORRECT ANSWER-is a binding contract between the seller of a property
and the seller's listing broker.
listing agreement - CORRECT ANSWER-serves as an employment contract between a broker
(representing the brokerage company) and a seller; it's not between an individual licensee
and a seller.
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
