Missouri real estate - Study guides, Class notes & Summaries

MISSOURI REAL ESTATE PRACTICE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ 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 investigating the matter to determine whether it's likely that the licensee violated license law. C. The MREC has the aut...

MISSOURI REAL ESTATE EXAM WITH QUESTIONS AND ANSWERS 100% CORRECT!!

A person performing real estate activities in Missouri, under the judgment or order of a court, such as a trustee in a bankruptcy, is ______. A. Not required to have a real estate license B. to have a broker license C. Required to have at least a Broker-salesperson license D. Required to have at least a salesperson license - A. Not required to have a real estate license Which of the following lists all the parties who must sign a Missouri buyer representation agreement? A. The buyer B. T...

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 investigating the matter to determine whether it's likely that the licensee violated license law. C. The MREC has the authority to conduct a formal hearing to determine whether the licensee has violate...

MISSOURI REAL ESTATE 48 HOUR COURSE UNIT QUIZZES MO LAW EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ c. license law - -Chapter 339 of the Missouri Statutes is known as: a. Law of agency b. code of ethics c. license law d. administrative commission code c. her commission would be based on her agreement with her broker - -A salesperson licensed in another state but NOT in MO comes into MO and refers her brother to a RE company in MO to assist him in the purchase of a home. The salesp...

Missouri Real Estate Practice Exam Questions and Answers A farmer sold his farm. Several months later the farmer was able to go back and harvest the crops he planted. The crops are called: - Correct Answer ️️ -Emblements A bill of sale would be the document used to convey what? - Correct Answer ️️ -A refrigerator A commercial tenants lease was about to expire. The tenant wanted to remove some shelving that he had installed. Could he do this? - Correct Answer ️️ -Yes, if he re...

Missouri Real Estate Review Guaranteed Success Who has to have a real estate license? ️ Any person, co-partnership, or corporation who attempts or offers to sell, buy, rent, list, negotiate, exchange, option, advertise as a broker, refer, or charge a fee for advertising real estate. What title could a real estate salesperson hold? ️ Employee or Independent Contractor. Freehold Estate: ️ An estate for at least a lifetime or greater because it can be willed to heirs. Leasehold Es...

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 investigating the matter to determine whether it's likely that the licensee violated license law. C. The MREC has the authority to conduct a formal hearing to determine whether the licensee has violate...

A person performing real estate activities in Missouri, under the judgment or order of a court, such as a trustee in a bankruptcy, is ______. A. Not required to have a real estate license B. to have a broker license C. Required to have at least a Broker-salesperson license D. Required to have at least a salesperson license - A. Not required to have a real estate license Which of the following lists all the parties who must sign a Missouri buyer representation agreement? A. The buyer B. T...

Missouri Real Estate - State Portion Only Broker License in Case of Death or Incapacity In the event that a licensed broker passes away or becomes incapacitated, the commission: - ️ May issue a temporary broker license to an individual approved by the commission. Maximum Commission Fines The highest penalty the commission can impose for violations is: - ️ $25,000. Complaints Not Heard by the Commission The commission will not address complaints regarding: - ️ Commission dispute...