Missouri Real Estate Exam Topics: Complete Breakdown

Missouri Real Estate Exam Topics

The Missouri real estate exam tests two bodies of knowledge: national real estate principles (80 questions) and Missouri-specific law and practice (40 questions). Here is exactly what you need to study for each section.

National Section Topics (80 Questions)

Property Ownership and Land Use Controls - Types of ownership: tenancy in common, joint tenancy, tenancy by the entirety, community property - Freehold estates: fee simple, fee simple defeasible, life estate - Leasehold estates: tenancy for years, periodic tenancy, tenancy at will, tenancy at sufferance - Government powers: eminent domain, police power, escheat, ad valorem taxation - Encumbrances: easements, liens, deed restrictions (CC&Rs)

Valuation and Market Analysis - Three approaches: sales comparison, cost, and income - Gross rent multiplier (GRM) - Capitalization rate - Appraisal vs. CMA

Financing - Loan types: conventional, FHA, VA, USDA, adjustable-rate - Federal regulations: TILA/RESPA, Dodd-Frank, Equal Credit Opportunity Act - Loan calculations: LTV, DTI, qualifying ratios - Deed of trust vs. mortgage

Agency (National) - Types: seller's agent, buyer's agent, dual agent, transaction broker - Fiduciary duties and their scope - Creation and termination of agency

Contracts - Essential elements: offer and acceptance, consideration, competent parties, legal purpose - Statute of Frauds: real estate contracts must be in writing - Types of listings and their commission implications - Common contingencies: financing, inspection, appraisal

Property Disclosures - Lead-based paint disclosure (pre-1978 homes) - Environmental hazards: asbestos, radon, underground storage tanks - Material fact disclosure obligations

Transfer of Property - Deed types: general warranty, special warranty, quitclaim, bargain and sale - Title insurance: owner's and lender's policies - Closing documents: HUD-1 vs. Closing Disclosure

Leasing and Property Management - Types of leases and their characteristics - Landlord-tenant law - Property management duties and agreements

Real Estate Math - Commission calculations (direct and reverse) - Proration of taxes and rent - Loan payment and interest calculations - Area and acreage conversions

Missouri State Section Topics (40 Questions)

Missouri Real Estate Commission (MREC) - Composition: 6 members — 5 licensed brokers + 1 consumer member - Appointment and terms - Powers: investigate, discipline, suspend, revoke - Missouri Revised Statutes Chapter 339 is the governing law

Missouri Licensing Requirements - Salesperson prelicense: 72 hours - Broker requirements: additional education and experience - License renewal: every 2 years - Continuing education: 12 hours per cycle, including 3 hours Missouri-specific CE - Reciprocity provisions

Brokerage Relationship Act - Four relationship types: seller's agent, buyer's agent, dual agent, transaction broker - Disclosure requirements and timing - Missouri does NOT require a written buyer agency agreement to be enforceable - Duties under each relationship type

Trust Accounts - Salesperson delivers trust funds to broker: by next business day - Broker deposits: within required timeframe - Commingling prohibition - Record retention: 5 years

Missouri Seller's Disclosure - Required for 1-4 unit residential property - Form contents and delivery timeline - Seller's knowledge standard

Missouri Property Law - Missouri is NOT a community property state - Deed of trust used for secured lending - Non-judicial (power of sale) foreclosure process - No state real estate transfer tax (unique among many states)

Missouri Fair Housing - Mirrors federal 7 protected classes - Missouri adds: marital status - Prohibited practices: steering, blockbusting, redlining

Property Management in Missouri - Property manager licensing requirements - Lease terms under Missouri law

How to Study This Material

For the national section, any reputable real estate exam prep course will cover the content. For the Missouri state section, you need Missouri-specific resources. The Brokerage Relationship Act, MREC composition, and the no-transfer-tax rule are the most commonly missed state-section topics.

[CARealestate.com/states/missouri](https://carealestate.com/states/missouri) provides practice questions organized by topic — use them to target your weakest areas before exam day.