MO Real Estate State Portion
2026 Exam Questions and
Correct Answers | New Update
If a licensee violates a provision of the Missouri License Law, the licensee:
- 🧠 ANSWER ✔✔Shall be guilty of a class B misdemeanor and may be
liable for criminal prosecution
A broker takes a listing, which one is illegal in Missouri? - 🧠 ANSWER
✔✔Seller collects 94% of list price and broker is to get all above that
If a licensee breaches his fiduciary responsibilities to the principal, which of
the following actions could not be taken against the licensee? - 🧠 ANSWER
,✔✔The state may rescind all contracts negotiated by the licensee with
other principals during the past year
Broker Carr decides to sell her own house and puts a classified ad in the
paper with her name and phone number only. Is this permissible? - 🧠
ANSWER ✔✔No, she must include information in the ad that she is
licensed
The commission may suspend or revoke a license for all of the following
reasons EXCEPT: - 🧠 ANSWER ✔✔A broker deposits a commission in his
business account
A person in Missouri attended a pre-license class, passed the test, took
Missouri Real Estate Practice and received a license. After a few months,
the licensee decided to place their license on inactive status. Two years
later, the licensee decided to re-activate their license. What must the
licensee do in order to re-activate? - 🧠 ANSWER ✔✔Complete 24 Hour
Missouri Real Estate Practice Course for their type of license and apply to
the MREC within 6 months
A broker may not conduct his business under any name other than the one
in which his license is issued. A broker acting as a sole proprietor would
, conduct his business in the name - 🧠 ANSWER ✔✔On his application for
the licensure
A seller's listing has expired and the licensee did not take down his sign
until two days later. Did the licensee violate Missouri License Law? - 🧠
ANSWER ✔✔Yes, because he did not have a contract to advertise the
property.
All of the following usually appear only in the seller closing statement
EXCEPT: - 🧠 ANSWER ✔✔Earnest Money
Seller's loan balance as of May 1 is $60,000. His current interest rate is
8%, the closing date is May 20. What is the prorated interest at closing? - 🧠
ANSWER ✔✔Debit Seller $267
Taxes of $1320 were paid for the previous calendar year. The property was
sold and closing took place on August 16. The seller was responsible for
the day of closing. Taxes would be prorated as follows: - 🧠 ANSWER
✔✔$828 debit to the seller, $828 credit to the buyer
A $10,000 insurance policy was issued for 3 years. The 3 year premium is
$180.00. If the policy was dated June 1, 1994, what would the approximate
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
2026 Exam Questions and
Correct Answers | New Update
If a licensee violates a provision of the Missouri License Law, the licensee:
- 🧠 ANSWER ✔✔Shall be guilty of a class B misdemeanor and may be
liable for criminal prosecution
A broker takes a listing, which one is illegal in Missouri? - 🧠 ANSWER
✔✔Seller collects 94% of list price and broker is to get all above that
If a licensee breaches his fiduciary responsibilities to the principal, which of
the following actions could not be taken against the licensee? - 🧠 ANSWER
,✔✔The state may rescind all contracts negotiated by the licensee with
other principals during the past year
Broker Carr decides to sell her own house and puts a classified ad in the
paper with her name and phone number only. Is this permissible? - 🧠
ANSWER ✔✔No, she must include information in the ad that she is
licensed
The commission may suspend or revoke a license for all of the following
reasons EXCEPT: - 🧠 ANSWER ✔✔A broker deposits a commission in his
business account
A person in Missouri attended a pre-license class, passed the test, took
Missouri Real Estate Practice and received a license. After a few months,
the licensee decided to place their license on inactive status. Two years
later, the licensee decided to re-activate their license. What must the
licensee do in order to re-activate? - 🧠 ANSWER ✔✔Complete 24 Hour
Missouri Real Estate Practice Course for their type of license and apply to
the MREC within 6 months
A broker may not conduct his business under any name other than the one
in which his license is issued. A broker acting as a sole proprietor would
, conduct his business in the name - 🧠 ANSWER ✔✔On his application for
the licensure
A seller's listing has expired and the licensee did not take down his sign
until two days later. Did the licensee violate Missouri License Law? - 🧠
ANSWER ✔✔Yes, because he did not have a contract to advertise the
property.
All of the following usually appear only in the seller closing statement
EXCEPT: - 🧠 ANSWER ✔✔Earnest Money
Seller's loan balance as of May 1 is $60,000. His current interest rate is
8%, the closing date is May 20. What is the prorated interest at closing? - 🧠
ANSWER ✔✔Debit Seller $267
Taxes of $1320 were paid for the previous calendar year. The property was
sold and closing took place on August 16. The seller was responsible for
the day of closing. Taxes would be prorated as follows: - 🧠 ANSWER
✔✔$828 debit to the seller, $828 credit to the buyer
A $10,000 insurance policy was issued for 3 years. The 3 year premium is
$180.00. If the policy was dated June 1, 1994, what would the approximate
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
