Missouri Real Estate Exam Prep

MO Salesperson Practice Exam

Our Missouri Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Missouri’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

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Missouri License Requirements

The applicant must be at least 18 years of age
The applicant must fulfill ONE of the following requirements:
1. Successfully completing a 48-hour salesperson pre-examination course from an approved real estate school
2. Be a licensed attorney
3. Be granted a one-time sitting for the real estate examinations by the Commission
4. Hold a current and active real estate license in another jurisdiction, pass the STATE portion of the Missouri salesperson exam, and complete the 24-hour Missouri Real Estate Practice Course (MREP)

Missouri Sample Practice Real Estate Exam Questions and Answers

Missouri State Section

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Question 1

In what circumstances, if any, can a broker in Missouri who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	None; the broker may only collect compensation from one party to a transaction
B	Only when both buyer and seller have legal representation
C	In most circumstances, except when the buyer and seller are related
D	Only when both buyer and seller give informed consent to this arrangement

Question 2

Which of the following is a landlord's option for a tenant not paying the rent?

A	unlawful detainer action in court
B	shutoff the gas
C	lock the tenant out of the apartment
D	shut off the power

Question 3

What is homestead protection?

A	Gradual subsidence of waters, leaving dry land
B	Net cash remaining to investor after sale of investment property
C	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
D	The estimated value that an asset will have at then end of it's useful life

Question 4

Does Missouri have dower laws?

A	Yes
B	No

Question 5

Standing trees would be considered:

A	Real property
B	Personal Property
C	Chattels
D	Emblements

Question 6

Which is not necessary for a valid contract?

A	offer
B	due date
C	acceptance
D	legal object

Question 7

The license law is administered by:

A	Missouri Commission on Real Estate
B	Missouri Real Estate Commission
C	Department of Missouri Real Estate
D	Missouri Department of Real Estate

Question 8

What is a holographic will?

A	a standard boiler plate will.
B	a will that displays in 3D
C	a will that has been approved by each family member.
D	a will and testament that has been entirely handwritten and signed by the testator.

Question 9

Which of the following would not put a sales person in jeopardy of losing their license in Missouri?

A	Convicted of a felony
B	Placing an ad claiming to be a broker when they are not.
C	Being authorized to accept and excessive commission.
D	Depositing his/her clients escrow money into a personal account

Question 10

Mortgage "discount" points only apply if which of the following conditions are met?

A	The seller has agreed to pay 1% of the closing costs
B	The interest rate on the mortgage loan has been lowered by 1% for each point charged
C	The loan does not close and the buyer owes the lender for services rendered
D	The interest rate on the mortgage loan has been lowered by 2% for each point charged

Question 11

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Buyer
B	Agent
C	Lessee
D	Lessor

Question 12

How soon can a broker receive a commission check after a closing in Missouri?

A	When the Buyer moves in.
B	Once the seller agrees to the price.
C	After the transaction is completed and funded.
D	Once the offer sheet is signed.

Question 13

Which of the following isn't part of a deed?

A	Premises
B	acknowledgement
C	Habendum
D	novation

Question 14

Does Missouri have homestead laws?

A	Yes
B	No

Question 15

What tenancies does Missouri allow?

A	Both
B	Tenancy by the entirety
C	Neither
D	Joint tenancy

Question 16

After getting a license, how often must you take Continuing Education classes?

A	Every 4 years
B	Every year
C	Every 3 years
D	Every 2 years

Question 17

Does Missouri allow Holographic wills?

A	No
B	Yes

Question 18

Is Missouri a community property state?

A	Yes
B	No

Question 19

Which of the following is required for an applicant to receive a Real Estate License?

A	Must have a Bachelors degree
B	Must have lived in the state for more than a year
C	Must be 25 or older
D	Must sit and pass the required exam

Question 20

What term means "going to the state?"

A	Taxation
B	police power
C	escheat
D	Eminent Domain

Question 20 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 21

The Salesperson license fee costs how much?

A	$110
B	$100
C	$90
D	$75

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