Missouri Business Conduct and Practices
Forty of the 75 state items — over half the exam — sit in this one area, spread across nineteen bullets in bulletin 4673. Most of the law is in the Commission's rules at 20 CSR 2250-8, with the disciplinary grounds in § 339.100.2 running alongside.
Supervision, Offices and People
20 CSR 2250-8.020(1) makes brokers and office managers responsible for supervising "all licensed and unlicensed persons associated with them," subject to a six-part safe harbor that includes the requirement that "The broker did not attempt to avoid learning of the violation." 8.020(2) forbids license hanging. A resident broker actively in business must maintain a regularly established place of business with a business sign outside bearing the licensed name (8.010) — note that the old Display of License rule, 8.060, was rescinded effective 30 July 2023. Branch offices run under the parent's name and license with ten days' written notice of opening or change (8.030); a sales manager must hold a broker-salesperson, broker-partner, broker-associate or broker-officer license (8.040); and unlicensed clerical staff are limited to "the duties normally attributed to those positions" and may not perform the acts in § 339.010.1(1)-(10) (8.050).
Advertising, Listings and Offers
No advertisement may show only a box number, telephone number or street address; every one must carry the broker's business name and show the advertiser is a broker, not a private party (8.070(2)-(3)). A licensee selling their own unlisted property must advertise "By owner-broker," "By owner-salesperson" or "By owner-agent" (8.070(1)(B)). Since 30 October 2022, team names that read as an entity — "realty," "brokerage," "company" — are barred unless the advertiser holds an entity license, with an exception where the name incorporates the affiliated brokerage's own name (8.070(5)). Listings need fourteen contents including a definite beginning date and an expiration date, may not require the owner to give notice to cancel after expiry, and a legible copy goes to the owner at the moment of signature (8.090(4)). Offers must carry the terms the principal authorized and be tendered "promptly" — the rule fixes no number of hours (8.100).
Money, Records and Closing Down
Escrow money goes in no later than ten banking days after the last party's signature (8.120(1)); the broker may keep no more than $1,000 of personal funds in the account to cover service charges (§ 339.105.1); and commissions payable "must be removed from the escrow account at the time the transaction is completed" (8.120(4)). On a disputed deposit the broker holds until written release or a civil action, but after sixty days may disburse in good faith on fifteen days' written notice by certified mail (8.130(2)); and § 339.105.4 sends still-disputed money to the state treasurer within 365 days of the initial projected closing date. Records are kept three years and made available for Commission inspection (8.160). A broker may not pay any part of a commission to an unlicensed person (§ 339.150.2), though since 28 August 2025 a broker may pay compensation directly to a qualifying business entity owned by the licensee, which need not itself be licensed (§ 339.150.4). Property management requires a written agreement signed by the owner (8.200), security deposits sit in an account separate from the management escrow (8.220(2)), and on closing a firm the associated licensees' licenses go back to the Commission (8.155).
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State-specific details
State exam facts
- State regulator
- Missouri Real Estate Commission (MREC)
- Prelicensing education
- 48-hour broker pre-examination course
- Passing score
- 75% on each portion
Who regulates real estate brokers in Missouri?
The Missouri Real Estate Commission (MREC), within the Division of Professional Registration, licenses brokers and salespersons and approves the pre-license education and exam.
What experience do I need before the Missouri broker exam?
Broker applicants must have held an active Missouri salesperson license for at least 24 of the 30 months immediately preceding application, and complete the 48-hour broker pre-examination course. The application must be submitted within six months of completing that course.
How is the Missouri broker exam structured?
PSI administers both portions in one 270-minute appointment: a 90-item national portion scored to 100 points in 150 minutes, and a 75-item Missouri state portion scored to 75 points in 120 minutes. You need 75% on each. The state portion is the largest of any state in this family — nearly double the 40-item salesperson state portion — and Missouri publishes a separate broker state outline. The national broker exam is scenario-based, with some items carrying more than four options and one best answer scored up to two points; the Missouri state portion is ordinary four-option multiple choice.
What is on the Missouri broker state portion?
PSI bulletin 4673 sets six areas: Licenses (7 items), Educational Requirements (2), Business Conduct and Practices (40), Disciplinary Proceedings (8), Listing, Offer, and Closing Contract Forms and Costs (12), and Brokerage Relationships (6). Business Conduct alone is 53% of the state portion, so most of your study time belongs in Chapter 339, RSMo and the Commission's rules at 20 CSR 2250-8.
What continuing education do Missouri brokers need?
Twelve hours during each two-year license period, at least three of which must be a core course the Commission designates and posts on its website. For the 2026-2028 renewal period the designated core topic is Fair Housing, so a broker taking only one core course must take Fair Housing. Broker licenses expire 30 June of each even-numbered year (salesperson licenses expire 30 September).
Sources: https://pr.mo.gov/realestate.asp, https://test-takers.psiexams.com/api/content/bulletin/4673, https://revisor.mo.gov/main/OneChapter.aspx?chapter=339, https://www.sos.mo.gov/adrules/csr/current/20csr/20csr
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