MO Real Estate Exam
Questions and Answers 100%
PASS
Commercial real estate, as defined by Missouri real estate commission general rules,
includes real estate - CORRECT ANSWER-with stores or office buildings.
Which of the following activities would be considered a ministerial act under Missouri
statute? - CORRECT ANSWER-Accompanying an appraiser, inspector, contractor, or similar
third party on a visit to a property
In general, residential real estate is defined as real property improved by a structure that is
used, or intended to be used, primarily for residential living by human occupants and that
contains not more than - CORRECT ANSWER-4 dwelling units.
A form of agency that may result when an agent licensee, or someone affiliated with the
agent licensee, represents another party to the same transaction is called - CORRECT
ANSWER-a dual agency.
A person with a real estate broker license who, for compensation, becomes associated,
either as an independent contractor or employee, with a real estate broker is - CORRECT
ANSWER-a broker-salesperson.
, As defined in the Missouri statutes, advertising includes - CORRECT ANSWER-websites,
business cards, signs
An actual or potential seller, landlord, buyer, or tenant in a real estate transaction in which a
licensee is involved, but has not entered into a brokerage relationship with the licensee, is
considered - CORRECT ANSWER-a customer.
A seller, landlord, buyer, or tenant who has entered into a brokerage relationship with a
licensee is considered - CORRECT ANSWER-a client.
The definition of real estate broker in the Missouri statutes does not apply to a person
employed by the owner of the property to - CORRECT ANSWER-auction the property.
A transaction broker is any licensee who - CORRECT ANSWER-assists the parties to a
transaction without an agency or fiduciary relationship to either party and is, therefore,
neutral.
Within how many days after a broker changes his name, home, or business address must the
broker notify the commission? - CORRECT ANSWER-10 days
How many brokers may a broker-salesperson or salesperson be licensed with during the
same period? - CORRECT ANSWER-One
If the designated broker renews his broker's license but does not renew the company
license, - CORRECT ANSWER-all licenses affiliated with the company are invalid until the
broker renews the company license.
What are the fees that must be paid for original issuance of a salesperson license? -
CORRECT ANSWER-Application fee of $50 plus original issuance fee of $40
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
Questions and Answers 100%
PASS
Commercial real estate, as defined by Missouri real estate commission general rules,
includes real estate - CORRECT ANSWER-with stores or office buildings.
Which of the following activities would be considered a ministerial act under Missouri
statute? - CORRECT ANSWER-Accompanying an appraiser, inspector, contractor, or similar
third party on a visit to a property
In general, residential real estate is defined as real property improved by a structure that is
used, or intended to be used, primarily for residential living by human occupants and that
contains not more than - CORRECT ANSWER-4 dwelling units.
A form of agency that may result when an agent licensee, or someone affiliated with the
agent licensee, represents another party to the same transaction is called - CORRECT
ANSWER-a dual agency.
A person with a real estate broker license who, for compensation, becomes associated,
either as an independent contractor or employee, with a real estate broker is - CORRECT
ANSWER-a broker-salesperson.
, As defined in the Missouri statutes, advertising includes - CORRECT ANSWER-websites,
business cards, signs
An actual or potential seller, landlord, buyer, or tenant in a real estate transaction in which a
licensee is involved, but has not entered into a brokerage relationship with the licensee, is
considered - CORRECT ANSWER-a customer.
A seller, landlord, buyer, or tenant who has entered into a brokerage relationship with a
licensee is considered - CORRECT ANSWER-a client.
The definition of real estate broker in the Missouri statutes does not apply to a person
employed by the owner of the property to - CORRECT ANSWER-auction the property.
A transaction broker is any licensee who - CORRECT ANSWER-assists the parties to a
transaction without an agency or fiduciary relationship to either party and is, therefore,
neutral.
Within how many days after a broker changes his name, home, or business address must the
broker notify the commission? - CORRECT ANSWER-10 days
How many brokers may a broker-salesperson or salesperson be licensed with during the
same period? - CORRECT ANSWER-One
If the designated broker renews his broker's license but does not renew the company
license, - CORRECT ANSWER-all licenses affiliated with the company are invalid until the
broker renews the company license.
What are the fees that must be paid for original issuance of a salesperson license? -
CORRECT ANSWER-Application fee of $50 plus original issuance fee of $40
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
