Missouri real estat - Study guides, Class notes & Summaries

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...

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: - Emblements A bill of sale would be the document used to convey what? - 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? - Yes, if he removes the shelves before the lease expires Which would not be considered real property? - Trade Fixtures By definition, a fixtur...

Missouri Real Estate Practice Exam Questions With 100% Verified 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: - answerEmblements A bill of sale would be the document used to convey what? - answerA refrigerator A commercial tenants lease was about to expire. The tenant wanted to remove some shelving that he had installed. Could he do this? - answerYes, if he removes the shelves before the lease ex...

2024 COLIBRI REAL ESTATE (MISSOURI) EXAM WITH CORRECT ANSWERS

Missouri Real Estate 48 Hour Course Unit Quizzes MO Law

If a licensee violates a provision of the Missouri License Law, the licensee: - Shall be guilty of a class B misdemeanor and may be liable for criminal prosecution A broker takes a listing, which one is illegal in Missouri? - Seller collects 94% of list price and broker is to get all above that If a licensee breaches his fiduciary responsibilities to the principal, which of the following actions could not be taken against the licensee? - The state may rescind all contracts negotiated by the...

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? - (B) 39.25 acres A secretary in a real estate office has passed the salesperson's exam but has not yet received a license. This person could: - C. give another salesperson in the office the address of the listed property the other salesperson wants to show An owner builds a recreation room onto her house...

Missouri Real Estate Practice Exam

The MREC requires the brokers for the buyer and seller to retain legible copies of both buyer's and seller's signed closing statements - 3 years By what title is Chapter 339 of the Missouri State Statutes also known? - The license law If the buyer and seller are represented by different brokers, it is the responsibility of ________ to deliver, or cause to have delivered, the closing statements. - listing broker Broker Kelley took a listing from seller Smith. Which of the following stateme...

Missouri Real Estate License Law 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 considerations from the listing broker of her father's property? ️ No commission is due to the agent because she is not licensed in MO. A buyer was t...