A missouri broker - Study guides, Class notes & Summaries
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Missouri Real Estate
- Exam (elaborations) • 27 pages • 2024
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Missouri Real Estate 
A license may be granted to which of the following ️An applicant who filed bankruptcy in the last 5 
years 
Broker Ty appoints salesperson Edwina as a buyer's agent and salesperson Edmond as a seller's agent. 
Why is Broker Ty doing this ️To avoid dual agency 
A broker in a written agreement with a landlord: ️Is a landlord's agent 
Selling a home "as is" ️Does not relieve a licensee from disclosing known adverse material facts. 
If the Missouri Real Esta...
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Missouri Real Estate Exam Study Guide | 160 Questions with 100% Correct Answers | Verified | Latest Update 2024
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The MREC requires the brokers for the buyer and seller to retain legible copies of both buyer's and 
seller's signed closing statements - 3 years 
By what title is Chapter 339 of the Missouri State Statutes also known? - The license law 
If the buyer and seller are represented by different brokers, it is the responsibility of ________ to deliver, 
or cause to have delivered, the closing statements. - listing broker 
Broker Kelley took a listing from seller Smith. Which of the following stateme...
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Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)
- Exam (elaborations) • 6 pages • 2023
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Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)Heterogeneity or Nonhomogeneity - ANSWER - Every parcel of land is different 
 
Immobility - ANSWER - Location of a parcel of land can never be changed 
 
Durable - ANSWER - Refers to land tha...
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Missouri Real Estate Practice Exam | Questions with 100% Correct Answers | Verified | Latest Update 2024 | 25 Pages
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Which of the following is a true statement about investigations into licensees once a complaint has been 
filed with the MREC? 
A. Licensees are required to respond to the complaint in writing and make records available to the 
MREC. 
B. The Administrative Hearing Commission is responsible for investigating the matter to determine 
whether it's likely that the licensee violated license law. 
C. The MREC has the authority to conduct a formal hearing to determine whether the licensee has 
violate...
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MO Real Estate Exam Practice Questions and Answers
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MO Real Estate Exam Practice 
Questions and Answers 
Mo Statute 339 - Correct Answer ️️ -License Law RSMO 1986 
License Law - Correct Answer ️️ -Any person who performs a RE service on behalf of 
another party for CONSIDERATION must be licensed; i.e. broker transactions, 
managing property, appraising, counseling, syndicating, auctioning 
Consideration - Correct Answer ️️ -Includes $ compensation, exchange of free 
services, or any other valuable good or service that a person expects...
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Real Estate Exam- Missouri Portion only Questions and Answers
- Exam (elaborations) • 26 pages • 2024
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Real Estate Exam- Missouri Portion only 
Questions and Answers 
7 Members. Have to have been a us citizen for 1 year at least. Appointed by the 
governor with consent of the Missouri senate. 6 members must have been licensed 
brokers for 10 years. 1 member from general public. - Correct Answer ️️ -The MREC is 
made up of 
All members to vote. Members may hold an inactive license during employment. Cannot 
be actively involved in the real estate business. $75 a day when meeting. Plus 
expense...
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Real Estate Exam- Missouri Portion Only Graded A+
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Real Estate Exam- Missouri Portion Only Graded A+ 
MREC Composition - The MREC consists of: ️7 members who must be U.S. citizens for at least one year. They are 
appointed by the governor with the Missouri Senate's consent. Six members should have been licensed 
brokers for at least 10 years, with one member representing the general public. 
MREC Responsibilities - Voting and Licensing: ️All members have voting rights. Members may hold an inactive license while 
employed and cannot eng...
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Missouri State License Law Guaranteed Solutions
- Exam (elaborations) • 16 pages • 2024
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Missouri State License Law Guaranteed Solutions 
License Requirements and Exceptions - A developer wanted to sell land in their own recently developed subdivision. Does the developer need 
a license in Missouri to sell this land? 
 No, since he is the owner of the land. - An unlicensed clerical employee of a real estate brokerage is showing listed property to a buyer. Is this 
legal? 
 No, this would be a violation of Missouri License law as only real estate licensees can show property....
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| LATEST EXAM UPDATES| 2024/25 |MO REAL ESTATE EXAM PRACTICE REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/
- Exam (elaborations) • 28 pages • 2024
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MO REAL ESTATE EXAM PRACTICE REVIEW QUESTIONS 
AND ANSWERS, GRADED A+/ VERIFIED/ 
Mo Statute 339 - -License Law RSMO 1986 
License Law - -Any person who performs a RE service on behalf of another party for 
CONSIDERATION must be licensed; i.e. broker transactions, managing property, appraising, counseling, 
syndicating, auctioning 
Consideration - -Includes $ compensation, exchange of free services, or any other valuable good or 
service that a person expects to be paid (Vital in license law...
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Real Estate Practice Exam (Missouri) Questions and Answers
- Exam (elaborations) • 16 pages • 2024
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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 second free. Plus, all 
purchasers' names will be entered into our lottery sweepstakes! Come soon while lots 
are still available." Which of the following statements concerning the ad is the most 
accur...
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