MO Real Estate Salesperson Exam -
State Portion - PSI QUESTIONS And
Actual Detailed Answers 2026
Updated.
An owner selling his house himself goes with a buyer to a Missouri real estate office to ask the
broker to prepare their sales contract. In this situation the broker should? — Brokerage
relationships - Answer Refused to handle the transaction as there is no broker relationship.
(unless the seller is willing to pay commission?)
The Missouri Real Estate Commission received a complaint regarding the distribution of a
commission between licensees. Which of the following will the Commission do? - Answer
Investigate the complaint
A Missouri licensee neglects to complete her continuing education requirement and fails to
renew her license. Which of the following may she be required to do if she applies for renewal 3
months after her expiration date? - Answer Pay a delinquent fee of $200 in addition to the
license fee and complete the continued education requirement
In Missouri, a person who violates the license law - Answer May be subject to criminal
prosecution under the general laws of the state.
A Missouri real estate licensee negotiates the sale of a house intended for his fiancee and
himself. He properly identifies himself to the seller as a licensee, but does not tell the seller that
he is getting married to the buyer. Do the licensee's actions violate the Missouri license law? -
Answer Yes, because the licensee did not disclose his future interest in the property to the
seller.
Which of the following statements by a licensee could cause a Missouri real estate commission
to file a complaint against the licensee - Answer You will be able to sell This house at a good
profit
While conducting an investigation into the practice of a Licensee. The Missouri real estate
commission may - Answer Subpoena the licensee records and papers that have bearings to
the complaint
A Missouri licensee is taking a listing under a transaction Brokerage agreement. The seller asks
the licensee "at what price should I list my property" the Licensee recently conducted a sale and
analysis and believe the property should sell for 175,000. Which of the following is the licensee
best response - Answer I can't advise you, but I can show you some comparable prices
, A person Completed all pre-examination course on February 1st but failed the License
examination on June 20. By what date must this person take the examination and submit an
application for a License to avoid retaking the pre examination class. - Answer August 1
A licensee who transfers his license to another realty firm - Answer May begin selling for the
new broker as soon as the transfer request has been mailed by priority mail to the Missouri Real
Estate Commission.
Chapter 339 of the Revised Statutes of Missouri is also called the - Answer License Law
The Missouri Real Estate Commission may waive all or part of the educational requirements for
a salesperson license when - Answer Proof of other acceptable educational background or
experience is presented.
The primary purpose of Chapter 339 of Missouri law is to - Answer Protect the public from
real estate violations.
Missouri licensee is showing a property that is listed by another company to a perspective buyer
under the presumption of transaction brokerage, whom does the licensee represent - Answer
Both the buyer and seller
What must a licensee do to act legally as a dual agent in Missouri - Answer Disclose dual
agency immediately upon occurrence and confirm prior to signing contract
In Missouri, it is NOT necessary that an executed contract for the sale of real estate contain -
Answer The amount of the brokers commission.
A Missouri license is driving a Potential buyer to a Listed property when the buyer sees a house
for sale by owner - Answer Inform the buyer that a written Authorization Obtained first from
the seller before showing the property.
When a complaint is filed regarding a licensee's business practices the Missouri real estate
commission initially require a licensee to do which of the following - Answer Respond to the
charges in writing
A licensee tells the Missouri Real Estate Commission that a broker is using escrow funds to
conduct business without the permission of the parties involved. The commission can - Answer
Initiate a complaint on its own motion against the broker and conduct an investigation.
State Portion - PSI QUESTIONS And
Actual Detailed Answers 2026
Updated.
An owner selling his house himself goes with a buyer to a Missouri real estate office to ask the
broker to prepare their sales contract. In this situation the broker should? — Brokerage
relationships - Answer Refused to handle the transaction as there is no broker relationship.
(unless the seller is willing to pay commission?)
The Missouri Real Estate Commission received a complaint regarding the distribution of a
commission between licensees. Which of the following will the Commission do? - Answer
Investigate the complaint
A Missouri licensee neglects to complete her continuing education requirement and fails to
renew her license. Which of the following may she be required to do if she applies for renewal 3
months after her expiration date? - Answer Pay a delinquent fee of $200 in addition to the
license fee and complete the continued education requirement
In Missouri, a person who violates the license law - Answer May be subject to criminal
prosecution under the general laws of the state.
A Missouri real estate licensee negotiates the sale of a house intended for his fiancee and
himself. He properly identifies himself to the seller as a licensee, but does not tell the seller that
he is getting married to the buyer. Do the licensee's actions violate the Missouri license law? -
Answer Yes, because the licensee did not disclose his future interest in the property to the
seller.
Which of the following statements by a licensee could cause a Missouri real estate commission
to file a complaint against the licensee - Answer You will be able to sell This house at a good
profit
While conducting an investigation into the practice of a Licensee. The Missouri real estate
commission may - Answer Subpoena the licensee records and papers that have bearings to
the complaint
A Missouri licensee is taking a listing under a transaction Brokerage agreement. The seller asks
the licensee "at what price should I list my property" the Licensee recently conducted a sale and
analysis and believe the property should sell for 175,000. Which of the following is the licensee
best response - Answer I can't advise you, but I can show you some comparable prices
, A person Completed all pre-examination course on February 1st but failed the License
examination on June 20. By what date must this person take the examination and submit an
application for a License to avoid retaking the pre examination class. - Answer August 1
A licensee who transfers his license to another realty firm - Answer May begin selling for the
new broker as soon as the transfer request has been mailed by priority mail to the Missouri Real
Estate Commission.
Chapter 339 of the Revised Statutes of Missouri is also called the - Answer License Law
The Missouri Real Estate Commission may waive all or part of the educational requirements for
a salesperson license when - Answer Proof of other acceptable educational background or
experience is presented.
The primary purpose of Chapter 339 of Missouri law is to - Answer Protect the public from
real estate violations.
Missouri licensee is showing a property that is listed by another company to a perspective buyer
under the presumption of transaction brokerage, whom does the licensee represent - Answer
Both the buyer and seller
What must a licensee do to act legally as a dual agent in Missouri - Answer Disclose dual
agency immediately upon occurrence and confirm prior to signing contract
In Missouri, it is NOT necessary that an executed contract for the sale of real estate contain -
Answer The amount of the brokers commission.
A Missouri license is driving a Potential buyer to a Listed property when the buyer sees a house
for sale by owner - Answer Inform the buyer that a written Authorization Obtained first from
the seller before showing the property.
When a complaint is filed regarding a licensee's business practices the Missouri real estate
commission initially require a licensee to do which of the following - Answer Respond to the
charges in writing
A licensee tells the Missouri Real Estate Commission that a broker is using escrow funds to
conduct business without the permission of the parties involved. The commission can - Answer
Initiate a complaint on its own motion against the broker and conduct an investigation.
