QUESTIONS AND CORRECT ANSWER WITH
EXPLANATION LATEST 2025-2026
1. The Missouri Real Estate Commission regulates:
A. Property taxes
B. Real estate licensing and enforcement
C. Mortgage approvals
D. Home inspections
Answer: B
Rationale: The Missouri Real Estate Commission oversees licensing and professional conduct.
2. A Missouri real estate salesperson must work under a:
A. Lender
B. Licensed broker
C. Appraiser
D. Contractor
Answer: B
Rationale: Salespersons are required to be affiliated with a broker.
3. Real property consists of:
A. Cars and furniture
B. Land and permanently attached improvements
C. Jewelry
D. Stocks
Answer: B
Rationale: Real property includes land and fixtures.
4. Personal property is also called:
,A. Fixtures
B. Chattels
C. Estates
D. Easements
Answer: B
Rationale: Chattels are movable personal property.
5. A fixture is:
A. Movable property
B. Permanently attached property
C. Lease agreement
D. Insurance policy
Answer: B
Rationale: Fixtures become part of real estate when attached.
6. The Statute of Frauds requires:
A. Oral contracts
B. Written real estate contracts
C. Verbal leases only
D. Unrecorded agreements
Answer: B
Rationale: Real estate contracts must be written to be enforceable.
7. Fiduciary duties include:
A. Loyalty
B. Tax preparation
C. Lending
D. Appraisal
Answer: A
Rationale: Agents owe loyalty to clients.
8. Which is NOT a fiduciary duty?
, A. Confidentiality
B. Accounting
C. Advertising
D. Obedience
Answer: C
Rationale: Advertising is not a fiduciary duty.
9. The Fair Housing Act prohibits discrimination based on:
A. Education
B. Protected classes
C. Employment history
D. Credit score
Answer: B
Rationale: Federal law protects specific groups from discrimination.
10. Steering refers to:
A. Advising about financing
B. Influencing buyers based on protected class
C. Conducting inspections
D. Showing property
Answer: B
Rationale: Steering is illegal discrimination.
11. Blockbusting means:
A. Remodeling homes
B. Inducing panic selling based on demographics
C. Appraising property
D. Advertising listings
Answer: B
Rationale: Blockbusting is prohibited by fair housing laws.
12. A deed transfers: