Missouri Real Estate Practice Exam Solved 100% Correct Missouri Real Estate Exam: Contracts and Agency & Financing MO Real Estate Exam Practice Graded A+ Missouri Exam Prep: Missouri Real Estate Commission 2023 Missouri Real Estate License Test Solved 100% Correct Missouri Real Estate License Law E...
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Mo Statute 339 - ANSWER-License Law RSMO 1986 License Law - ANSWER-Any person who performs a RE service on behalf of another party for CONSIDERATION must be licensed; i.e. broker transactions, managing property, appraising, counseling, syndicating, auctioning Consideration - ANSWER-Includes $ ...
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Add to cartMo Statute 339 - ANSWER-License Law RSMO 1986 License Law - ANSWER-Any person who performs a RE service on behalf of another party for CONSIDERATION must be licensed; i.e. broker transactions, managing property, appraising, counseling, syndicating, auctioning Consideration - ANSWER-Includes $ ...
Which of the following is a true statement about investigations into licensees once a complaint has been filed with the MREC? A. Licensees are required to respond to the complaint in writing and make records available to the MREC. B. The Administrative Hearing Commission is responsible for inves...
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Add to cartWhich of the following is a true statement about investigations into licensees once a complaint has been filed with the MREC? A. Licensees are required to respond to the complaint in writing and make records available to the MREC. B. The Administrative Hearing Commission is responsible for inves...
Statute of Frauds - ANSWER-Requires a real estate contract to be in writing in order to be enforceable real estate contracts - ANSWER-A contract that sets forth all details between the buyer and seller for the purchase and sale of real estate implied contract (ostensible agreement) - ANSWER-a ...
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Add to cartStatute of Frauds - ANSWER-Requires a real estate contract to be in writing in order to be enforceable real estate contracts - ANSWER-A contract that sets forth all details between the buyer and seller for the purchase and sale of real estate implied contract (ostensible agreement) - ANSWER-a ...
Heterogeneity or Nonhomogeneity - ANSWER-Every parcel of land is different Immobility - ANSWER-Location of a parcel of land can never be changed Durable - ANSWER-Refers to land that is indestructible, meaning improvements can depreciate or be destroyed, but the land still remains Scarcity -...
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Add to cartHeterogeneity or Nonhomogeneity - ANSWER-Every parcel of land is different Immobility - ANSWER-Location of a parcel of land can never be changed Durable - ANSWER-Refers to land that is indestructible, meaning improvements can depreciate or be destroyed, but the land still remains Scarcity -...
The Missouri Real Estate Commission consists of: A. 7 broker members B. Members who are appointed by the governor C. Volunteers elected into the position - ANSWER-B. Members who are appointed by the governor Which of the following statements is true? A. The public member of the Missouri Real ...
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Add to cartThe Missouri Real Estate Commission consists of: A. 7 broker members B. Members who are appointed by the governor C. Volunteers elected into the position - ANSWER-B. Members who are appointed by the governor Which of the following statements is true? A. The public member of the Missouri Real ...
The Missouri Real Estate Commission - ANSWER-MREC The Missouri Real Estate Commission MREC - ANSWER-Regulates and enforces real estate license law. In addition to license denial, suspension, or revocation, MREC can impose cumulative penalties of as much as $25,000 for repeat offenses. $25000 -...
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Add to cartThe Missouri Real Estate Commission - ANSWER-MREC The Missouri Real Estate Commission MREC - ANSWER-Regulates and enforces real estate license law. In addition to license denial, suspension, or revocation, MREC can impose cumulative penalties of as much as $25,000 for repeat offenses. $25000 -...
Title - ANSWER-Bundle of rights, ownership Deed - ANSWER-Transfers real property rights; Transfers title to a property from one person to another 3 ways to transfer title - ANSWER-Sell, will or steal Taxation - ANSWER-Government can take property if you don't make payments Easement - AN...
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Add to cartTitle - ANSWER-Bundle of rights, ownership Deed - ANSWER-Transfers real property rights; Transfers title to a property from one person to another 3 ways to transfer title - ANSWER-Sell, will or steal Taxation - ANSWER-Government can take property if you don't make payments Easement - AN...
A salesperson, licensed in another state (not in Missouri), is visiting St. Louis and helps her father sell his listed property. The agent finds a buyer through a local church group and successfully negotiates the sale of the St. Louis residence. The salesperson is entitled to which of the following...
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Add to cartA salesperson, licensed in another state (not in Missouri), is visiting St. Louis and helps her father sell his listed property. The agent finds a buyer through a local church group and successfully negotiates the sale of the St. Louis residence. The salesperson is entitled to which of the following...
A seller owned two plots of land that combined for a width of 950ft and a depth of 1800ft. A creek divided the north plot from the south plot. What is the total acreage of the two plots? - ANSWER-(B) 39.25 acres A secretary in a real estate office has passed the salesperson's exam but has not ye...
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Add to cartA seller owned two plots of land that combined for a width of 950ft and a depth of 1800ft. A creek divided the north plot from the south plot. What is the total acreage of the two plots? - ANSWER-(B) 39.25 acres A secretary in a real estate office has passed the salesperson's exam but has not ye...
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