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MO REAL ESTATE EXAM PRACTICE
QUESTIONS WITH VERIFIED
ANSWERS (2025)
Deed Restriction - correct-answer-limit imposed on buyer's use of property by
stipulation in the deed of conveyance or recorded subdivision plat; can take
precedence over zoning
-typically apply to land use, size and type of structures, min. costs of structures,
engineer/arch standards
2 types:
- Condition: created with transfer of ownership; iv violated, suit force owner to
forfeit ownership back to original
-Covenant: created by mutual agreement; violation, injunction force compliance
or $
Lien - correct-answer-=Creditor's claim against personal or real property as
security of debt
-Lienor: places lien
-Lienee: debor who owns property
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-volumtary, involuntary, general/specific, superior or inferior (junior); superior:
RET, special assessmts, inheritance tax, inferior: income tax
Lienholder can voluntarily change status of lien by agreeing to subordinate the
lien
Priority established as superior or junior and the date of recorded lien
Tax liens - Superior & Inferior - correct-answer-Superior:
RET lien, special assessment lien, federal and state inheritance tax lien
Inferior:
Fed income tax lien, state corp inc tax lien against corporate prop, state intangible
tax lien, st corp franch tax lien
Judgement Lien - correct-answer-result from lawsuit, attaches to real and
personal property, 20 years unless extended within code
- homestead and joint tenancy are exempt
-satisfaction of judgement of clear title records
Foreclosure
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- mortg lien forecl
-judicial forecl
-non judicial forecl
-strict forecl - correct-answer-=enforcement of liens through liquidation or
transfer of property
Mortgage lien foreclosure: liquid. or transfer of collateral property by judicial,
nonjudicial, or strict foreclosure
- Lis Pendis: public noticre property soon have judgement against it
- Write of Execution: court authorizes official to seize and sell forecl of property
Judicial foreclosure: lawsuit and court ordered public sale; deficiency judgements,
lender=lien if deficient funds from sale, redemption rights
- Stat Rt of Redemption: recover property
-Right of Reinst: cure default
Non-judicial forecl: when "power of sale" provision in deed doc, force sale without
foreclosure suit
Strict Forecl: court proceeding gives lender title directly instead of $ from public
sale; begin with proper notice to DQ borrower, value of property< value of debt
Deed in lieu of foreclosure - correct-answer-transfers legal title to mortgagee
(avoid court actions)
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Avoid foreclosure options: short sale, refinance, temporary arrangement with
lender (loan workout and bankruptcy)
Legal title - correct-answer-Possess all ownership interests
Equitable title - correct-answer-interest or right to obtain legal title in accordance
with sale or mortgage contract
Title Evidence: Actual notice vs Constructive/legal notice - correct-answer-Actual
notice: learning through direct experience or communication
Notice= knowledge
Constructive/legal notice: knowledge of fact that a person could or should have
obtained
-i.e. recordation of ownership docs in public record, specifically, title records
Alienation - correct-answer-=transfer of title to real estate
written transfer= conveyance
1. Voluntary: public grant, deed, will (sale or gift)
MO REAL ESTATE EXAM PRACTICE
QUESTIONS WITH VERIFIED
ANSWERS (2025)
Deed Restriction - correct-answer-limit imposed on buyer's use of property by
stipulation in the deed of conveyance or recorded subdivision plat; can take
precedence over zoning
-typically apply to land use, size and type of structures, min. costs of structures,
engineer/arch standards
2 types:
- Condition: created with transfer of ownership; iv violated, suit force owner to
forfeit ownership back to original
-Covenant: created by mutual agreement; violation, injunction force compliance
or $
Lien - correct-answer-=Creditor's claim against personal or real property as
security of debt
-Lienor: places lien
-Lienee: debor who owns property
,2|Page
-volumtary, involuntary, general/specific, superior or inferior (junior); superior:
RET, special assessmts, inheritance tax, inferior: income tax
Lienholder can voluntarily change status of lien by agreeing to subordinate the
lien
Priority established as superior or junior and the date of recorded lien
Tax liens - Superior & Inferior - correct-answer-Superior:
RET lien, special assessment lien, federal and state inheritance tax lien
Inferior:
Fed income tax lien, state corp inc tax lien against corporate prop, state intangible
tax lien, st corp franch tax lien
Judgement Lien - correct-answer-result from lawsuit, attaches to real and
personal property, 20 years unless extended within code
- homestead and joint tenancy are exempt
-satisfaction of judgement of clear title records
Foreclosure
,3|Page
- mortg lien forecl
-judicial forecl
-non judicial forecl
-strict forecl - correct-answer-=enforcement of liens through liquidation or
transfer of property
Mortgage lien foreclosure: liquid. or transfer of collateral property by judicial,
nonjudicial, or strict foreclosure
- Lis Pendis: public noticre property soon have judgement against it
- Write of Execution: court authorizes official to seize and sell forecl of property
Judicial foreclosure: lawsuit and court ordered public sale; deficiency judgements,
lender=lien if deficient funds from sale, redemption rights
- Stat Rt of Redemption: recover property
-Right of Reinst: cure default
Non-judicial forecl: when "power of sale" provision in deed doc, force sale without
foreclosure suit
Strict Forecl: court proceeding gives lender title directly instead of $ from public
sale; begin with proper notice to DQ borrower, value of property< value of debt
Deed in lieu of foreclosure - correct-answer-transfers legal title to mortgagee
(avoid court actions)
, 4|Page
Avoid foreclosure options: short sale, refinance, temporary arrangement with
lender (loan workout and bankruptcy)
Legal title - correct-answer-Possess all ownership interests
Equitable title - correct-answer-interest or right to obtain legal title in accordance
with sale or mortgage contract
Title Evidence: Actual notice vs Constructive/legal notice - correct-answer-Actual
notice: learning through direct experience or communication
Notice= knowledge
Constructive/legal notice: knowledge of fact that a person could or should have
obtained
-i.e. recordation of ownership docs in public record, specifically, title records
Alienation - correct-answer-=transfer of title to real estate
written transfer= conveyance
1. Voluntary: public grant, deed, will (sale or gift)
