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

What tenancies does Missouri allow?

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

Question 2

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

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

Question 3

Standing trees would be considered:

A	Emblements
B	Chattels
C	Personal Property
D	Real property

Question 4

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

A	acknowledgement
B	Premises
C	Habendum
D	novation

Question 5

The Salesperson license fee costs how much?

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

Question 6

What term means "going to the state?"

A	escheat
B	police power
C	Taxation
D	Eminent Domain

Question 6 Explanation:

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

Question 7

What is homestead protection?

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

Question 8

The license law is administered by:

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

Question 9

Does Missouri allow Holographic wills?

A	Yes
B	No

Question 10

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

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

Question 11

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 12

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

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

Question 13

What is a holographic will?

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

Question 14

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	In most circumstances, except when the buyer and seller are related
C	Only when both buyer and seller give informed consent to this arrangement
D	Only when both buyer and seller have legal representation

Question 15

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 16

Is Missouri a community property state?

A	No
B	Yes

Question 17

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

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

Question 18

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

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

Question 19

Which is not necessary for a valid contract?

A	legal object
B	due date
C	acceptance
D	offer

Question 20

Does Missouri have dower laws?

A	Yes
B	No

Question 21

Does Missouri have homestead laws?

A	No
B	Yes

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