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.

How to Become a Real Estate Agent in Missouri

The Missouri Real Estate Commission requires you to submit your application within six months of your completion of the required 48-hour pre-examination coursework. Once you pass the state’s exam, you can begin your career as a real estate agent. With our study guides, you will pass the Missouri real estate exam — we guarantee it.

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

Question 2

Which is not necessary for a valid contract?

A	acceptance
B	legal object
C	offer
D	due date

Question 3

What is a holographic will?

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

Question 4

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 5

What term means "going to the state?"

A	Taxation
B	escheat
C	police power
D	Eminent Domain

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

Standing trees would be considered:

A	Chattels
B	Personal Property
C	Real property
D	Emblements

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	Net cash remaining to investor after sale of investment property
C	Gradual subsidence of waters, leaving dry land
D	The estimated value that an asset will have at then end of it's useful life

Question 8

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

A	Lessee
B	Buyer
C	Lessor
D	Agent

Question 9

Does Missouri have dower laws?

A	No
B	Yes

Question 10

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 11

What tenancies does Missouri allow?

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

Question 12

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

A	novation
B	Premises
C	Habendum
D	acknowledgement

Question 13

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 2% for each point charged
B	The loan does not close and the buyer owes the lender for services rendered
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 14

Is Missouri a community property state?

A	Yes
B	No

Question 15

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 16

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

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

Question 17

Does Missouri have homestead laws?

A	No
B	Yes

Question 18

The Salesperson license fee costs how much?

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

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

Question 20

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 21

Does Missouri allow Holographic wills?

A	Yes
B	No

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