Real Estate Practice Exam (Missouri) Questions and Answers
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Course
Missouri 2024/2025
Institution
Missouri 2024/2025
Real Estate Practice Exam (Missouri)
Questions and Answers
An ad in the local paper was placed by Sarah, a licensed salesperson, on behalf of her seller. The ad
reads "Beautiful country lots located on Lake Ivory. Must see! With the purchase of one gorgeous
lakeside lot, you will receive a seco...
Miss Post's license is not valid in the state of Missouri, to which of the following considerations is she
entitled? - Ans:✔✔-no commission is due to the agent since she is not licensed in MO
Which of the following actions are the MREC allowed to take while conducting an investigation? -
Ans:✔✔-The MREC may issue subpoenas for all records relevant to the complaint
Which of the following details must written authorizations, such as a listing agreement, contain when
altered? - Ans:✔✔-the initials of all parties
Broker Post's friend, Mr. Bauer, was divorcing his wife. Mr. Bauer asked Broker Post to complete a quit
claim for him so he could deed property to his ex-wife. Can the broker do this? - Ans:✔✔-No, because
the broker is not a party to the transaction, he would be practicing law if he completed the form
What does the disbursements from an escrow account of a property manager NOT need to show? -
Ans:✔✔-the balance of the account to the owner
Which of the following statements regarding a broker's escrow account are true: - Ans:✔✔-Funds must
be in a separate bank account in a financial institution which shall be designated an escrow or trust
account
Joe who is a broker salesperson acting as a sales manager is restricted from which of the following
actions? - Ans:✔✔-hold all the licenses of the salespeople working under him
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