MO real estate state portion
Exam Questions and Answers
100% PASS
Who needs a license - CORRECT ANSWER-- receiving consideration for work with real estate
- Acting on behalf of a buyer or seller of real estate;
- Performing real estate activities on behalf of a landlord or tenants;
- Procures prospects for buyers, seller, tenants, or landlords;
- Lists real estate for sale;
- Negotiates on behalf of a consumer to buy, sell, rent or lease a property;
- Negotiates or agrees to negotiate the exchange of real estate for a consumer;
- Publishes a magazine that is a real estate only publication
Accept or pay a referral fee for licensed activities
Who does NOT need a license - CORRECT ANSWER-- owner or regular employee of company
who is not typically in real estate
- auctioneer
, - attorney is doing normal duties
- court appointed individual/trustee of estate
- officer or employee for gov't with doing their official duties
- any publication whereby advertising of real estate is incidental to the operation of that
publication
- employee acting on behalf of non-profit association
License Law - CORRECT ANSWER-License Law 339 specifically covers who needs a license in
the state of Missouri
Penalty for violation of license law - CORRECT ANSWER-Class B misdemeanor
Fines cannot exceed $2500 per offense (each day of continued violation is new offense)
$25,000 max fine on continued violation
CANNOT issue jail time
Payment of penalties? - CORRECT ANSWER-Must be paid within 60 days, or if its pending an
appeal, 10 days after decision is made
What does MREC do? - CORRECT ANSWER-
Hearing procedure for violations? - CORRECT ANSWER-- MREC investigates then refers to
MACH violations of license law
- MAHC makes decision if guilty and recommends punishment
- MREC makes final decision/imposes penalty
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
Exam Questions and Answers
100% PASS
Who needs a license - CORRECT ANSWER-- receiving consideration for work with real estate
- Acting on behalf of a buyer or seller of real estate;
- Performing real estate activities on behalf of a landlord or tenants;
- Procures prospects for buyers, seller, tenants, or landlords;
- Lists real estate for sale;
- Negotiates on behalf of a consumer to buy, sell, rent or lease a property;
- Negotiates or agrees to negotiate the exchange of real estate for a consumer;
- Publishes a magazine that is a real estate only publication
Accept or pay a referral fee for licensed activities
Who does NOT need a license - CORRECT ANSWER-- owner or regular employee of company
who is not typically in real estate
- auctioneer
, - attorney is doing normal duties
- court appointed individual/trustee of estate
- officer or employee for gov't with doing their official duties
- any publication whereby advertising of real estate is incidental to the operation of that
publication
- employee acting on behalf of non-profit association
License Law - CORRECT ANSWER-License Law 339 specifically covers who needs a license in
the state of Missouri
Penalty for violation of license law - CORRECT ANSWER-Class B misdemeanor
Fines cannot exceed $2500 per offense (each day of continued violation is new offense)
$25,000 max fine on continued violation
CANNOT issue jail time
Payment of penalties? - CORRECT ANSWER-Must be paid within 60 days, or if its pending an
appeal, 10 days after decision is made
What does MREC do? - CORRECT ANSWER-
Hearing procedure for violations? - CORRECT ANSWER-- MREC investigates then refers to
MACH violations of license law
- MAHC makes decision if guilty and recommends punishment
- MREC makes final decision/imposes penalty
© 2026 Copyright. All Rights Reserved. This document is
protected by copyright law
