©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
Missouri 48-Hour Salesperson Course Exam
Prep: Licensing Practice Questions and
Answers
How many members make up the Missouri Real Estate Commission board? - Ans:✔✔-Seven; six brokers
and one unlicensed consumer. Members are nominated by the MREC president and appointed by the
governor.
How many years' experience do brokers need to have to qualify for MREC board membership? -
Ans:✔✔-10; commission members serve five-year terms.
What does the MREC do? - Ans:✔✔-Carries out Section 339 of the Missouri Revised Statutes, including
the examination, licensing, and regulation of real estate professionals.
What is the maximum penalty per license law violation? - Ans:✔✔-$2,500
What is the maximum cumulative penalty for license law violation? - Ans:✔✔-$25,000
Who is authorized to carry out MREC actions? - Ans:✔✔-Board members, officers, employees, agent,
and representatives
Page 1/6
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
What is one form of dispute that MREC will not settle? - Ans:✔✔-Commission disputes
Which organization offers its members mediation and arbitration of commission disputes? - Ans:✔✔-
Missouri Association of REALTORS®
What are the three categories of real estate licensure in Missouri? - Ans:✔✔-Broker, broker-salesperson,
and salesperson
Broker - Ans:✔✔-Any person, firm, company, or corporation that performs real estate activities for
another person for a fee or compensation of any kind
Broker-salesperson - Ans:✔✔-A licensed broker who chooses to surrender the broker license in favor of
working under the supervision of a broker
Salesperson - Ans:✔✔-A person associated with a licensed broker that performs real estate activities
under the broker's supervision
What are the general (character) qualifications for licensure? - Ans:✔✔-Good moral character,
reputation for honest and fair dealings, competency to conduct real estate transactions in a way that
safeguards the public interest
What's the minimum age one must be to qualify for licensure? - Ans:✔✔-18
What other requirements must one fulfill in order to qualify for a real estate salesperson license in
Missouri? - Ans:✔✔-Fingerprinting, background check, complete pre-examination and practice courses,
Page 2/6
FIRST PUBLISH OCTOBER 2024
Missouri 48-Hour Salesperson Course Exam
Prep: Licensing Practice Questions and
Answers
How many members make up the Missouri Real Estate Commission board? - Ans:✔✔-Seven; six brokers
and one unlicensed consumer. Members are nominated by the MREC president and appointed by the
governor.
How many years' experience do brokers need to have to qualify for MREC board membership? -
Ans:✔✔-10; commission members serve five-year terms.
What does the MREC do? - Ans:✔✔-Carries out Section 339 of the Missouri Revised Statutes, including
the examination, licensing, and regulation of real estate professionals.
What is the maximum penalty per license law violation? - Ans:✔✔-$2,500
What is the maximum cumulative penalty for license law violation? - Ans:✔✔-$25,000
Who is authorized to carry out MREC actions? - Ans:✔✔-Board members, officers, employees, agent,
and representatives
Page 1/6
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
What is one form of dispute that MREC will not settle? - Ans:✔✔-Commission disputes
Which organization offers its members mediation and arbitration of commission disputes? - Ans:✔✔-
Missouri Association of REALTORS®
What are the three categories of real estate licensure in Missouri? - Ans:✔✔-Broker, broker-salesperson,
and salesperson
Broker - Ans:✔✔-Any person, firm, company, or corporation that performs real estate activities for
another person for a fee or compensation of any kind
Broker-salesperson - Ans:✔✔-A licensed broker who chooses to surrender the broker license in favor of
working under the supervision of a broker
Salesperson - Ans:✔✔-A person associated with a licensed broker that performs real estate activities
under the broker's supervision
What are the general (character) qualifications for licensure? - Ans:✔✔-Good moral character,
reputation for honest and fair dealings, competency to conduct real estate transactions in a way that
safeguards the public interest
What's the minimum age one must be to qualify for licensure? - Ans:✔✔-18
What other requirements must one fulfill in order to qualify for a real estate salesperson license in
Missouri? - Ans:✔✔-Fingerprinting, background check, complete pre-examination and practice courses,
Page 2/6
