Missouri Real Estate Exam Questions and
Answers (Top Grade Assured) 2026
Update
Chapter 339 of the MO Statutes is:
Code of Ethics
License Law
MLS Rules
For commercial agents only - Correct Answers ✅b
Susie is employed by broker Joe to show rental properties
that he manages. She shows rental units, collects security
deposit checks made payable to the owner, and delivers
leases. Based on these actions, Susie:
Must be a real estate licensee
Is violating MREC rules
Is creating a criminal offense
Is not required to be a MO Real estate licensee - Correct
Answers ✅d
The purpose of MO LIcense Law
Fine licensees for complaints filed
Protect licensees from being sued
Protect the public
,Missouri Real Estate Exam Questions and
Answers (Top Grade Assured) 2026
Update
Collect due - Correct Answers ✅c
Broker Joe believes he is due commission from Broker Susie
because of a buyer she procured for a listing that closed. Joe
files a complaint with the MREC. The MREC will- - Correct
Answers ✅Dismiss the case. They won't get involved.
Real estate, as defined by Chapter 339 of Missouri Statutes
includes:
Freehold but not leasehold estates located in MO
Leasehold but not freehold
Leasehold and Freehold only located in MO
Leaseholds and any other interest in estate of land freehold
or nonfreehold located in MO - Correct Answers ✅d
An auctioneer employed by a homeowner would be defined
as:
Someone who is not required to hold a MO real estate license
Someone required to have a valid license
Someone required to take 2 hours of CE
Someone who can sell real estate for a broker - Correct
Answers ✅a
,Missouri Real Estate Exam Questions and
Answers (Top Grade Assured) 2026
Update
A seller disputes the return of a buyers earnest money held in
a brokers escrow account. After the buyer backed out the of
sale, 65 days ago. There will be no civil action in this
instance. How should the broker proceed in this situation?
-The broker can choose to immediately pay the party
opposite the party who failed to perform
-the broker can keep the money in the account for an
indefinite amount of time
-the broker can, based on a good faith decision, pay the
escrow money to the party opposite the party who failed to
perform, after all parties have been noticed for 15 days by
certified mail
-the broker must insist the seller sue the buyer for
nonperformance - Correct Answers ✅c
The MREC consists of: - Correct Answers ✅6 brokers
members and 1 public member
Mary is a police officer and is applying for a real estate
license. 30 days ago, Mary completed a background check
with her police force. Must Mary apply for a fingerprint
background check for her license?
, Missouri Real Estate Exam Questions and
Answers (Top Grade Assured) 2026
Update
Yes, Mary is required to complete an application for
fingerprint background check.
No, Mary is exempt because she is a police officer.
Mary is exempt for the MO Highway patrol, but not the FBI
background checks
No, Mary is exempt, because the background check she did
with the police force falls within the 90 day period for
licensing - Correct Answers ✅a
Mark received his certificate of successful completion of the
48 hour pre exam course on February 15th. Mark passed his
salesperson exam on March 28. He completed the 24 hour
practice course, and applied for his fingerprint background
check on August 14 and applied for his license on August 28.
What would be the reason Mark's application was denied by
the MREC?
Mark was not a highschool graduate
Mark did not apply for license within 90 days of passing the
exam
Mark failed to apply for the license within 6 months of the
date of completion for the 48 hour course - Correct
Answers ✅c
An applicant has received a masters degree in real estate
from an accredited university. Would the MREC automatically
Answers (Top Grade Assured) 2026
Update
Chapter 339 of the MO Statutes is:
Code of Ethics
License Law
MLS Rules
For commercial agents only - Correct Answers ✅b
Susie is employed by broker Joe to show rental properties
that he manages. She shows rental units, collects security
deposit checks made payable to the owner, and delivers
leases. Based on these actions, Susie:
Must be a real estate licensee
Is violating MREC rules
Is creating a criminal offense
Is not required to be a MO Real estate licensee - Correct
Answers ✅d
The purpose of MO LIcense Law
Fine licensees for complaints filed
Protect licensees from being sued
Protect the public
,Missouri Real Estate Exam Questions and
Answers (Top Grade Assured) 2026
Update
Collect due - Correct Answers ✅c
Broker Joe believes he is due commission from Broker Susie
because of a buyer she procured for a listing that closed. Joe
files a complaint with the MREC. The MREC will- - Correct
Answers ✅Dismiss the case. They won't get involved.
Real estate, as defined by Chapter 339 of Missouri Statutes
includes:
Freehold but not leasehold estates located in MO
Leasehold but not freehold
Leasehold and Freehold only located in MO
Leaseholds and any other interest in estate of land freehold
or nonfreehold located in MO - Correct Answers ✅d
An auctioneer employed by a homeowner would be defined
as:
Someone who is not required to hold a MO real estate license
Someone required to have a valid license
Someone required to take 2 hours of CE
Someone who can sell real estate for a broker - Correct
Answers ✅a
,Missouri Real Estate Exam Questions and
Answers (Top Grade Assured) 2026
Update
A seller disputes the return of a buyers earnest money held in
a brokers escrow account. After the buyer backed out the of
sale, 65 days ago. There will be no civil action in this
instance. How should the broker proceed in this situation?
-The broker can choose to immediately pay the party
opposite the party who failed to perform
-the broker can keep the money in the account for an
indefinite amount of time
-the broker can, based on a good faith decision, pay the
escrow money to the party opposite the party who failed to
perform, after all parties have been noticed for 15 days by
certified mail
-the broker must insist the seller sue the buyer for
nonperformance - Correct Answers ✅c
The MREC consists of: - Correct Answers ✅6 brokers
members and 1 public member
Mary is a police officer and is applying for a real estate
license. 30 days ago, Mary completed a background check
with her police force. Must Mary apply for a fingerprint
background check for her license?
, Missouri Real Estate Exam Questions and
Answers (Top Grade Assured) 2026
Update
Yes, Mary is required to complete an application for
fingerprint background check.
No, Mary is exempt because she is a police officer.
Mary is exempt for the MO Highway patrol, but not the FBI
background checks
No, Mary is exempt, because the background check she did
with the police force falls within the 90 day period for
licensing - Correct Answers ✅a
Mark received his certificate of successful completion of the
48 hour pre exam course on February 15th. Mark passed his
salesperson exam on March 28. He completed the 24 hour
practice course, and applied for his fingerprint background
check on August 14 and applied for his license on August 28.
What would be the reason Mark's application was denied by
the MREC?
Mark was not a highschool graduate
Mark did not apply for license within 90 days of passing the
exam
Mark failed to apply for the license within 6 months of the
date of completion for the 48 hour course - Correct
Answers ✅c
An applicant has received a masters degree in real estate
from an accredited university. Would the MREC automatically
