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

Does Missouri have homestead laws?

A	Yes
B	No

Question 2

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

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

Question 3

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

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

Question 4

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 interest rate on the mortgage loan has been lowered by 1% for each point charged
D	The seller has agreed to pay 1% of the closing costs

Question 5

What term means "going to the state?"

A	Eminent Domain
B	police power
C	escheat
D	Taxation

Question 5 Explanation:

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

Question 6

The Salesperson license fee costs how much?

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

Question 7

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

A	Habendum
B	novation
C	acknowledgement
D	Premises

Question 8

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

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

Question 9

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

A	Lessee
B	Lessor
C	Agent
D	Buyer

Question 10

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

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

Question 11

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

Question 12

What is homestead protection?

A	Net cash remaining to investor after sale of investment property
B	Gradual subsidence of waters, leaving dry land
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 13

The license law is administered by:

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

Question 14

Which is not necessary for a valid contract?

A	legal object
B	acceptance
C	offer
D	due date

Question 15

Does Missouri have dower laws?

A	No
B	Yes

Question 16

What is a holographic will?

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

Question 17

Is Missouri a community property state?

A	No
B	Yes

Question 18

Standing trees would be considered:

A	Real property
B	Chattels
C	Personal Property
D	Emblements

Question 19

Does Missouri allow Holographic wills?

A	Yes
B	No

Question 20

What tenancies does Missouri allow?

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

Question 21

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

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

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