REAL ESTATE PRACTICE EXAM (MISSOURI) QUESTIONS AND 100% CORRECT ANSWERS|LATEST UPDATE |2025/2026

REAL ESTATE PRACTICE EXAM
(MISSOURI) QUESTIONS AND 100%
CORRECT ANSWERS|LATEST UPDATE
|2025/2026

An ad in the local paper was placed by Sarah, a licensed salesperson, on behalf of her seller. Th
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e ad reads "Beautiful country lots located on Lake Ivory. Must see! With the purchase of one g
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orgeous lakeside lot, you will receive a second free. Plus, all purchasers' names will be entered
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into our lottery sweepstakes! Come soon while lots are still available." Which of the following
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statements concerning the ad is the most accurate? - B B B B B B B B



B ANSWER The ad is in violation of the license law since it offers fee inducements
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If Henry wished to create a real estate company as a corporation, which license would be requ
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ired of the corporation itself? -
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ANSWER
B "The Corporation" would become "The Broker" and the officers of the corpor B B B B B B B B B B B



ation would be Broker=Officers
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Of the following, which would require a license? -
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B ANSWER a property manager actively leasing and selling for a real estate company
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Joseph Lerner attempted to renew his license, however, he failed to complete the required co
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ntinuing education course work. After a period of three months time, Joseph wanted to reinst
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ate his license. What action would Joseph need to take? -
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ANSWER
B pay a late fee of $50 per month past the renewal date (not to exceed $200), a B B B B B B B B B B B B B B B B



nd retake the prescribed prelicense course
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Jason Chung, a licensed salesperson for more than two years, has just passed the state broker
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examination and is ready to apply for a broker- B B B B B B B B



salesperson's license. What must he include with his application to meet the requirements? -
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ANSWER
B A certificate from an accredited school stating that within 6 months prior to t
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he date of application he had successfully complete a broker's license course offered by that s
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chool




1
Wicky

, A licensed salesperson, took 12 credit hours of continuing education course work during the p
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eriod of October 1, 2001 and September 30, 2003. Of those hours, how many credits must rep
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resent "Core" courses? - ANSWER B B B B 3 hours B




Peter a broker with a single salesperson, is retiring and moving to Arizona to run his own golfin
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g range. Can the salesperson continue to operate in the same capacity? -
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B ANSWER No, because Peter would NOT be in control of the salesperson's actions
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Salesperson Lauren presents a written offer for $155,900 to seller Young. The listed price is $1
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60,000, Mr. Young reviews the offer and seeks further advice from his accountant. Salesperson
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Lauren receives a second written offer for the property. The second offer was for $149,500. W
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hich of the following statements is true regarding this situation? -
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B ANSWER Lauren must present the second offer immediately
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Imran Post wants to sell his home. His daughter, Lucy Post, is an agent in a neighboring state, b
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ut not in Missouri. Miss Post visits her father with the purpose of helping him sell his property.
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Miss Post finds a buyer through a local church group and successfully negotiates the sale of Mr
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. Post's residence. Since Miss Post's license is not valid in the state of Missouri, to which of the
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following considerations is she entitled? - B B B B B



B ANSWER no commission is due to the agent since she is not licensed in MO
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Which of the following actions are the MREC allowed to take while conducting an investigatio
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n? - ANSWER B B The MREC may issue subpoenas for all records relevant to the complaint
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Which of the following details must written authorizations, such as a listing agreement, contai
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n when altered? - ANSWER
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Broker Post's friend, Mr. Bauer, was divorcing his wife. Mr. Bauer asked Broker Post to complet
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e a quit claim for him so he could deed property to his ex-wife. Can the broker do this? -
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ANSWER
B No, because the broker is not a party to the transaction, he would be practicin B B B B B B B B B B B B B B



g law if he completed the form
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2
Wicky