Missouri Real Estate Salesperson Exam Practice Test
Frequently asked questions
How many Missouri Real Estate Salesperson Exam practice questions are here?+
A full bank of original Missouri Real Estate Salesperson Exam practice questions across the official content areas, weighted like the real exam, with explanations. Free, no signup.
What is the Missouri Real Estate Salesperson Exam exam like?+
A multiple-choice exam. Practice by topic here, then take the full timed mock exam to gauge readiness.
Are these the real exam questions?+
No. Every question is 100% original, written from public primary sources with explanations. We never copy real exam questions or paid prep material.
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PrepPass practice is in English, 中文 and Español. The official exam is in English — switch the question language to English any time to rehearse the exact terminology you'll see on test day.
Sample practice questions
A few real questions from this free bank, with full explanations. Use the practice tool above for the whole set.
- 1. Property Ownership
A form of co-ownership in which two or more owners each hold an undivided interest with the right of survivorship is known as:
- a.Tenancy in common
- b.Joint tenancy
- c.Ownership in severalty
- d.A leasehold estate
Answer: b
Explanation: In a joint tenancy, co-owners hold equal, undivided interests and enjoy the right of survivorship: when one joint tenant dies, that share passes automatically to the surviving joint tenants rather than to heirs. Tenancy in common has no survivorship, and ownership in severalty is ownership by one person alone.
- 2. Valuation and Market Analysis
Which approach to value is generally the most reliable for appraising a single-family, owner-occupied home?
- a.The sales comparison approach
- b.The income approach
- c.The gross rent multiplier method
- d.The cost approach only
Answer: a
Explanation: The sales comparison approach compares the subject property to recently sold, similar properties and adjusts for differences. Because ample comparable sales usually exist for residential homes, it best reflects what a buyer would pay. The income approach suits rental and investment property, while the cost approach is most useful for new or special-purpose buildings.
- 3. Contracts
Under which legal doctrine must a contract for the sale of real estate be in writing to be enforceable?
- a.The parol evidence rule
- b.The statute of frauds
- c.The doctrine of laches
- d.The statute of limitations
Answer: b
Explanation: The statute of frauds requires certain contracts, including those for the sale of an interest in real estate, to be in writing and signed to be enforceable. The parol evidence rule limits use of outside evidence to change a written contract, and laches concerns unreasonable delay in asserting a right.
- 4. Agency
An agent's fiduciary duty to place the principal's interests above the agent's own and to avoid conflicts of interest is the duty of:
- a.Loyalty
- b.Accounting
- c.Disclosure
- d.Reasonable care
Answer: a
Explanation: Loyalty requires the agent to act solely in the principal's best interest and avoid self-dealing or conflicts of interest. Accounting concerns safeguarding and reporting the principal's money and property; disclosure requires sharing material facts. These are commonly summarized by the acronym OLD CAR.
- 5. Property Disclosures
Federal law requires sellers and landlords to disclose known lead-based paint hazards for residential housing built before:
- a.1968
- b.1978
- c.1988
- d.1992
Answer: b
Explanation: The federal Residential Lead-Based Paint Hazard Reduction Act requires disclosure of known lead-based paint and hazards, and delivery of an EPA pamphlet, for target housing built before 1978, the year residential lead paint was banned. Buyers must generally be given a 10-day period to test for lead.
- 6. Practice of Real Estate
Directing prospective buyers toward or away from particular neighborhoods based on their race or other protected class is an illegal practice known as:
- a.Blockbusting, which is legal with disclosure
- b.Steering, which is prohibited by fair housing law
- c.A permitted marketing strategy
- d.A RESPA requirement
Answer: b
Explanation: Steering is guiding buyers toward or away from neighborhoods based on a protected characteristic, limiting their housing choices. It violates the Fair Housing Act. Blockbusting (inducing panic selling) and redlining (denying loans by area) are separately prohibited practices.
- 7. Real Estate Calculations
A home sells for $300,000 and the total real estate commission is 6% of the sale price. What is the total commission?
- a.$1,800
- b.$18,000
- c.$15,000
- d.$24,000
Answer: b
Explanation: Commission equals sale price multiplied by the rate: $300,000 x 0.06 = $18,000. Be careful to convert the percentage to a decimal (6% = 0.06). This $18,000 is the total paid to the brokerages before any split between the listing and selling sides.
- 8. Missouri License Law (Ch. 339 RSMo)
Real estate licensing in Missouri is governed by Chapter 339 RSMo and administered by which body?
- a.The Missouri Real Estate Commission (MREC)
- b.The National Association of REALTORS
- c.The local multiple listing service
- d.The U.S. Department of Housing and Urban Development
Answer: a
Explanation: The Missouri Real Estate Commission (MREC), part of the Division of Professional Registration, licenses and regulates real estate brokers and salespersons under Chapter 339 of the Revised Statutes of Missouri. Private trade groups and the MLS do not issue or regulate licenses.
- 9. Missouri Agency
Under Missouri's brokerage relationship law, a licensee who assists a party in a transaction without representing that party as an agent acts as a:
- a.Transaction broker
- b.Dual agent
- c.Subagent
- d.Designated broker
Answer: a
Explanation: Missouri statute recognizes several brokerage relationships, including seller's agent, buyer's agent, dual agent, designated agent, subagent, and transaction broker. A transaction broker assists one or more parties without acting as an advocate or agent for any of them.
- 10. Missouri Practice
Earnest money and other funds a Missouri broker holds for clients must be kept in:
- a.The broker's personal checking account
- b.A separate escrow or trust account
- c.An account held by the Missouri Real Estate Commission
- d.Cash in the office safe
Answer: b
Explanation: Missouri brokers must maintain client funds in a designated escrow or trust account, separate from their own money, and keep accurate records. This protects consumers' deposits and is enforced by the Missouri Real Estate Commission.