Missouri Real Estate Practice Exam Q &
As (Verified Answers) 2026
An ad in the local paper was placed by Sarah, a licensed
salesperson, on behalf of her seller. The ad reads "Beautiful
country lots located on Lake Ivory. Must see! With the
purchase of one gorgeous lakeside lot, you will receive a
second free. Plus, all purchasers' names will be entered into
our lottery sweepstakes! Come soon while lots are still
available." Which of the following statements concerning the
ad is the most accurate? - Correct Answers ✅The ad is in
violation of the license law since it offers fee inducements
If Henry wished to create a real estate company as a
corporation, which license would be required of the
corporation itself? - Correct Answers ✅"The Corporation"
would become "The Broker" and the officers of the
corporation would be Broker=Officers
Of the following, which would require a license? - Correct
Answers ✅a property manager actively leasing and selling
for a real estate company
Joseph Lerner attempted to renew his license, however, he
failed to complete the required continuing education course
work. After a period of three months time, Joseph wanted to
reinstate his license. What action would Joseph need to take?
- Correct Answers ✅pay a late fee of $50 per month past
the renewal date (not to exceed $200), and retake the
prescribed prelicense course
,Missouri Real Estate Practice Exam Q &
As (Verified Answers) 2026
Jason Chung, a licensed salesperson for more than two years,
has just passed the state broker examination and is ready to
apply for a broker-salesperson's license. What must he
include with his application to meet the requirements? -
Correct Answers ✅A certificate from an accredited school
stating that within 6 months prior to the date of application
he had successfully complete a broker's license course
offered by that school
A licensed salesperson, took 12 credit hours of continuing
education course work during the period of October 1, 2001
and September 30, 2003. Of those hours, how many credits
must represent "Core" courses? - Correct Answers ✅3
hours
Peter a broker with a single salesperson, is retiring and
moving to Arizona to run his own golfing range. Can the
salesperson continue to operate in the same capacity? -
Correct Answers ✅No, because Peter would NOT be in
control of the salesperson's actions
Salesperson Lauren presents a written offer for $155,900 to
seller Young. The listed price is $160,000, Mr. Young reviews
the offer and seeks further advice from his accountant.
Salesperson Lauren receives a second written offer for the
property. The second offer was for $149,500. Which of the
following statements is true regarding this situation? -
Correct Answers ✅Lauren must present the second offer
immediately
, Missouri Real Estate Practice Exam Q &
As (Verified Answers) 2026
Imran Post wants to sell his home. His daughter, Lucy Post, is
an agent in a neighboring state, but not in Missouri. Miss Post
visits her father with the purpose of helping him sell his
property. Miss Post finds a buyer through a local church group
and successfully negotiates the sale of Mr. Post's residence.
Since Miss Post's license is not valid in the state of Missouri,
to which of the following considerations is she entitled? -
Correct Answers ✅no commission is due to the agent since
she is not licensed in MO
Which of the following actions are the MREC allowed to take
while conducting an investigation? - Correct Answers ✅The
MREC may issue subpoenas for all records relevant to the
complaint
Which of the following details must written authorizations,
such as a listing agreement, contain when altered? - Correct
Answers ✅the initials of all parties
Broker Post's friend, Mr. Bauer, was divorcing his wife. Mr.
Bauer asked Broker Post to complete a quit claim for him so
he could deed property to his ex-wife. Can the broker do this?
- Correct Answers ✅No, because the broker is not a party
to the transaction, he would be practicing law if he completed
the form
As (Verified Answers) 2026
An ad in the local paper was placed by Sarah, a licensed
salesperson, on behalf of her seller. The ad reads "Beautiful
country lots located on Lake Ivory. Must see! With the
purchase of one gorgeous lakeside lot, you will receive a
second free. Plus, all purchasers' names will be entered into
our lottery sweepstakes! Come soon while lots are still
available." Which of the following statements concerning the
ad is the most accurate? - Correct Answers ✅The ad is in
violation of the license law since it offers fee inducements
If Henry wished to create a real estate company as a
corporation, which license would be required of the
corporation itself? - Correct Answers ✅"The Corporation"
would become "The Broker" and the officers of the
corporation would be Broker=Officers
Of the following, which would require a license? - Correct
Answers ✅a property manager actively leasing and selling
for a real estate company
Joseph Lerner attempted to renew his license, however, he
failed to complete the required continuing education course
work. After a period of three months time, Joseph wanted to
reinstate his license. What action would Joseph need to take?
- Correct Answers ✅pay a late fee of $50 per month past
the renewal date (not to exceed $200), and retake the
prescribed prelicense course
,Missouri Real Estate Practice Exam Q &
As (Verified Answers) 2026
Jason Chung, a licensed salesperson for more than two years,
has just passed the state broker examination and is ready to
apply for a broker-salesperson's license. What must he
include with his application to meet the requirements? -
Correct Answers ✅A certificate from an accredited school
stating that within 6 months prior to the date of application
he had successfully complete a broker's license course
offered by that school
A licensed salesperson, took 12 credit hours of continuing
education course work during the period of October 1, 2001
and September 30, 2003. Of those hours, how many credits
must represent "Core" courses? - Correct Answers ✅3
hours
Peter a broker with a single salesperson, is retiring and
moving to Arizona to run his own golfing range. Can the
salesperson continue to operate in the same capacity? -
Correct Answers ✅No, because Peter would NOT be in
control of the salesperson's actions
Salesperson Lauren presents a written offer for $155,900 to
seller Young. The listed price is $160,000, Mr. Young reviews
the offer and seeks further advice from his accountant.
Salesperson Lauren receives a second written offer for the
property. The second offer was for $149,500. Which of the
following statements is true regarding this situation? -
Correct Answers ✅Lauren must present the second offer
immediately
, Missouri Real Estate Practice Exam Q &
As (Verified Answers) 2026
Imran Post wants to sell his home. His daughter, Lucy Post, is
an agent in a neighboring state, but not in Missouri. Miss Post
visits her father with the purpose of helping him sell his
property. Miss Post finds a buyer through a local church group
and successfully negotiates the sale of Mr. Post's residence.
Since Miss Post's license is not valid in the state of Missouri,
to which of the following considerations is she entitled? -
Correct Answers ✅no commission is due to the agent since
she is not licensed in MO
Which of the following actions are the MREC allowed to take
while conducting an investigation? - Correct Answers ✅The
MREC may issue subpoenas for all records relevant to the
complaint
Which of the following details must written authorizations,
such as a listing agreement, contain when altered? - Correct
Answers ✅the initials of all parties
Broker Post's friend, Mr. Bauer, was divorcing his wife. Mr.
Bauer asked Broker Post to complete a quit claim for him so
he could deed property to his ex-wife. Can the broker do this?
- Correct Answers ✅No, because the broker is not a party
to the transaction, he would be practicing law if he completed
the form
