Missouri Portion Real Estate Exam-
Questions and Answers 2026 Update
7 Members. Have to have been a us citizen for 1 year at
least. Appointed by the governor with consent of the Missouri
senate. 6 members must have been licensed brokers for 10
years. 1 member from general public. - Correct Answers
✅The MREC is made up of
All members to vote. Members may hold an inactive license
during employment. Cannot be actively involved in the real
estate business. $75 a day when meeting. Plus expenses. -
Correct Answers ✅The MREC allows
Protect the public. Established by state legislature. - Correct
Answers ✅Purpose of MREC
True. Any person, corporation, partnership or association
licensed by the MREC could be accused of a license law
violation. Which is a class B misdemeanor. Anyone not
licensed is not subject to MREC rules besides practicing
without a license. - Correct Answers ✅Someone that is not
licensed by MREC is not subject to rules or regulations other
than person practicing without a license. "Court of competent
jurisdiction" to make party stop. True or False
THE MREC. - Correct Answers ✅Who makes the final
decision to suspend, revoke or place a license on probation?
,Missouri Portion Real Estate Exam-
Questions and Answers 2026 Update
•3 attorney generals employed by the state. Work directly for
the attorney general. Admitted to practice before the Missouri
Supreme Court.
•must send case to the MAHC to determine whether or not
they are charging the licensee.
• if the MAHC feels the MREC is not correct the case is
dismissed.
• if they feel that they are correct, the case is sent back to
the MREC so the license can be revoked, suspended, or put
on probation. - Correct Answers ✅What makes up the
MAHC?
• stops practicing real estate without a license.
• holds hearing when requested by the MREC.
• determine guilt or innocence. Case dismissed if innocent.
• a person who is refused a license by the MREC has a right
to appeal that decision to the MAHC. - Correct Answers
✅What does MAHC do?
They cannot:
• can NEVER fine a licensee
• will NEVER be involved in disputes between licensees or
companies.
• deal with someone who commits a crime outside of license
law. They will turn it over to the attorney generals office. -
Correct Answers ✅What can MAHC NOT do?
,Missouri Portion Real Estate Exam-
Questions and Answers 2026 Update
Performs real estate activities for another and collects
commission.
Supervises licenses under them.
Maintains escrow accounts.
Manages company and responsible for all licensed to him/her.
Pays ALL fees and commissions to individuals licensed under
her and cooperating brokers.
All arrangements belong to the broker and stay with the
broker upon transfer of the license. - Correct Answers
✅What does a broker do?
10 days - Correct Answers ✅If broker changes the
company office the MREC needs notice within
June 30th every 2 years - Correct Answers ✅License
renewal for brokers are
September 30th every 2 years. - Correct Answers
✅License renewal for salespersons
Broker cannot tell them HOW to do something. They can tell
them what to do. They also get tax form 1099. - Correct
Answers ✅Independent contractors
, Missouri Portion Real Estate Exam-
Questions and Answers 2026 Update
Only one - Correct Answers ✅How many brokers are
allowed per company?
Sends brokers license to the MREC for safe keeping and
operates as a broker-salesperson. Can act as a branch sales
manager and can continue to sell property. They DO NOT hold
licenses. All licenses are held by the principal broker. -
Correct Answers ✅How does a broker become a broker-
salesperson
The broker - Correct Answers ✅All licenses are held by
The MREC requires name, residence, and business address of
each partner in partnership licensed or unlicensed.
The corporation must be in good standing with the Secretary
of State. Must be notified of any changes and must be
registered with the sec of state.
***A salesperson can be an officer of a corporation but
CANNOT be involved in management. - Correct Answers
✅For broker officers of a Corp to happen
A designated broker.- any individual licensed as a broker who
is operating pursuant to the definition of real estate broker.
The MREC only communicates with the designated broker! -
Correct Answers ✅A professional corporation must have
Questions and Answers 2026 Update
7 Members. Have to have been a us citizen for 1 year at
least. Appointed by the governor with consent of the Missouri
senate. 6 members must have been licensed brokers for 10
years. 1 member from general public. - Correct Answers
✅The MREC is made up of
All members to vote. Members may hold an inactive license
during employment. Cannot be actively involved in the real
estate business. $75 a day when meeting. Plus expenses. -
Correct Answers ✅The MREC allows
Protect the public. Established by state legislature. - Correct
Answers ✅Purpose of MREC
True. Any person, corporation, partnership or association
licensed by the MREC could be accused of a license law
violation. Which is a class B misdemeanor. Anyone not
licensed is not subject to MREC rules besides practicing
without a license. - Correct Answers ✅Someone that is not
licensed by MREC is not subject to rules or regulations other
than person practicing without a license. "Court of competent
jurisdiction" to make party stop. True or False
THE MREC. - Correct Answers ✅Who makes the final
decision to suspend, revoke or place a license on probation?
,Missouri Portion Real Estate Exam-
Questions and Answers 2026 Update
•3 attorney generals employed by the state. Work directly for
the attorney general. Admitted to practice before the Missouri
Supreme Court.
•must send case to the MAHC to determine whether or not
they are charging the licensee.
• if the MAHC feels the MREC is not correct the case is
dismissed.
• if they feel that they are correct, the case is sent back to
the MREC so the license can be revoked, suspended, or put
on probation. - Correct Answers ✅What makes up the
MAHC?
• stops practicing real estate without a license.
• holds hearing when requested by the MREC.
• determine guilt or innocence. Case dismissed if innocent.
• a person who is refused a license by the MREC has a right
to appeal that decision to the MAHC. - Correct Answers
✅What does MAHC do?
They cannot:
• can NEVER fine a licensee
• will NEVER be involved in disputes between licensees or
companies.
• deal with someone who commits a crime outside of license
law. They will turn it over to the attorney generals office. -
Correct Answers ✅What can MAHC NOT do?
,Missouri Portion Real Estate Exam-
Questions and Answers 2026 Update
Performs real estate activities for another and collects
commission.
Supervises licenses under them.
Maintains escrow accounts.
Manages company and responsible for all licensed to him/her.
Pays ALL fees and commissions to individuals licensed under
her and cooperating brokers.
All arrangements belong to the broker and stay with the
broker upon transfer of the license. - Correct Answers
✅What does a broker do?
10 days - Correct Answers ✅If broker changes the
company office the MREC needs notice within
June 30th every 2 years - Correct Answers ✅License
renewal for brokers are
September 30th every 2 years. - Correct Answers
✅License renewal for salespersons
Broker cannot tell them HOW to do something. They can tell
them what to do. They also get tax form 1099. - Correct
Answers ✅Independent contractors
, Missouri Portion Real Estate Exam-
Questions and Answers 2026 Update
Only one - Correct Answers ✅How many brokers are
allowed per company?
Sends brokers license to the MREC for safe keeping and
operates as a broker-salesperson. Can act as a branch sales
manager and can continue to sell property. They DO NOT hold
licenses. All licenses are held by the principal broker. -
Correct Answers ✅How does a broker become a broker-
salesperson
The broker - Correct Answers ✅All licenses are held by
The MREC requires name, residence, and business address of
each partner in partnership licensed or unlicensed.
The corporation must be in good standing with the Secretary
of State. Must be notified of any changes and must be
registered with the sec of state.
***A salesperson can be an officer of a corporation but
CANNOT be involved in management. - Correct Answers
✅For broker officers of a Corp to happen
A designated broker.- any individual licensed as a broker who
is operating pursuant to the definition of real estate broker.
The MREC only communicates with the designated broker! -
Correct Answers ✅A professional corporation must have
