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

Which is not necessary for a valid contract?

A	offer
B	due date
C	acceptance
D	legal object

Question 2

The Salesperson license fee costs how much?

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

Question 3

What is homestead protection?

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

Question 4

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

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

Question 5

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

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

Question 6

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

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

Question 7

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 8

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

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

Question 9

Does Missouri have dower laws?

A	No
B	Yes

Question 10

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

Question 11

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

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

Question 12

Does Missouri allow Holographic wills?

A	No
B	Yes

Question 13

What term means "going to the state?"

A	police power
B	Taxation
C	Eminent Domain
D	escheat

Question 13 Explanation:

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

Question 14

Standing trees would be considered:

A	Personal Property
B	Real property
C	Chattels
D	Emblements

Question 15

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

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

Question 16

What tenancies does Missouri allow?

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

Question 17

Does Missouri have homestead laws?

A	No
B	Yes

Question 18

The license law is administered by:

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

Question 19

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

A	Habendum
B	Premises
C	novation
D	acknowledgement

Question 20

Is Missouri a community property state?

A	No
B	Yes

Question 21

What is a holographic will?

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