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Missouri Real Estate Broker Exam
Practice Test Questions And Correct
Answers (Verified Answers) Plus
Rationales 2026 Q&A Instant Download
Pdf
___________________________________________________________________
1. Which type of listing gives the broker the right to earn a commission
regardless of who finds the buyer?
A. Open listing
B. Net listing
C. Exclusive right-to-sell listing
D. Exclusive agency listing
Rationale: An exclusive right-to-sell listing guarantees the broker compensation
no matter who procures the buyer during the listing term.
2. A broker who represents both buyer and seller in the same transaction is
practicing:
A. Subagency
B. Designated agency
C. Single agency
D. Dual agency
,Rationale: Dual agency occurs when one broker or brokerage represents both
parties in the same transaction with informed consent.
3. Which legal description method references a subdivision plat?
A. Metes and bounds
B. Government survey
C. Rectangular survey
D. Lot and block
Rationale: The lot and block system identifies property using recorded
subdivision plats.
4. Earnest money is BEST described as:
A. A lender fee
B. Seller financing
C. A buyer’s good-faith deposit
D. A title insurance premium
Rationale: Earnest money demonstrates the buyer’s serious intent to complete
the purchase.
5. Which form of ownership includes the right of survivorship?
A. Tenancy in common
B. Severalty
C. Community property
D. Joint tenancy
Rationale: Joint tenancy automatically transfers ownership interests to surviving
joint tenants upon death.
6. The primary purpose of zoning regulations is to:
A. Increase tax revenue
B. Control rent prices
C. Regulate land use
D. Guarantee financing
, Rationale: Zoning laws divide land into districts and regulate permitted property
uses.
7. Which contract element requires something of value exchanged between
parties?
A. Capacity
B. Offer
C. Legality
D. Consideration
Rationale: Consideration is the exchange of value necessary for a valid contract.
8. A broker who mixes client funds with personal funds is guilty of:
A. Puffing
B. Novation
C. Estoppel
D. Commingling
Rationale: Commingling occurs when trust funds are improperly mixed with
personal or business accounts.
9. What is the purpose of title insurance?
A. Protect against fire damage
B. Guarantee market appreciation
C. Protect against title defects
D. Ensure property inspections pass
Rationale: Title insurance protects owners and lenders from losses caused by
title problems.
10.Which loan feature allows interest rates to change periodically?
A. Fixed-rate mortgage
B. Blanket loan
C. Package loan
D. Adjustable-rate mortgage
Missouri Real Estate Broker Exam
Practice Test Questions And Correct
Answers (Verified Answers) Plus
Rationales 2026 Q&A Instant Download
___________________________________________________________________
1. Which type of listing gives the broker the right to earn a commission
regardless of who finds the buyer?
A. Open listing
B. Net listing
C. Exclusive right-to-sell listing
D. Exclusive agency listing
Rationale: An exclusive right-to-sell listing guarantees the broker compensation
no matter who procures the buyer during the listing term.
2. A broker who represents both buyer and seller in the same transaction is
practicing:
A. Subagency
B. Designated agency
C. Single agency
D. Dual agency
,Rationale: Dual agency occurs when one broker or brokerage represents both
parties in the same transaction with informed consent.
3. Which legal description method references a subdivision plat?
A. Metes and bounds
B. Government survey
C. Rectangular survey
D. Lot and block
Rationale: The lot and block system identifies property using recorded
subdivision plats.
4. Earnest money is BEST described as:
A. A lender fee
B. Seller financing
C. A buyer’s good-faith deposit
D. A title insurance premium
Rationale: Earnest money demonstrates the buyer’s serious intent to complete
the purchase.
5. Which form of ownership includes the right of survivorship?
A. Tenancy in common
B. Severalty
C. Community property
D. Joint tenancy
Rationale: Joint tenancy automatically transfers ownership interests to surviving
joint tenants upon death.
6. The primary purpose of zoning regulations is to:
A. Increase tax revenue
B. Control rent prices
C. Regulate land use
D. Guarantee financing
, Rationale: Zoning laws divide land into districts and regulate permitted property
uses.
7. Which contract element requires something of value exchanged between
parties?
A. Capacity
B. Offer
C. Legality
D. Consideration
Rationale: Consideration is the exchange of value necessary for a valid contract.
8. A broker who mixes client funds with personal funds is guilty of:
A. Puffing
B. Novation
C. Estoppel
D. Commingling
Rationale: Commingling occurs when trust funds are improperly mixed with
personal or business accounts.
9. What is the purpose of title insurance?
A. Protect against fire damage
B. Guarantee market appreciation
C. Protect against title defects
D. Ensure property inspections pass
Rationale: Title insurance protects owners and lenders from losses caused by
title problems.
10.Which loan feature allows interest rates to change periodically?
A. Fixed-rate mortgage
B. Blanket loan
C. Package loan
D. Adjustable-rate mortgage
