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Exam (elaborations)

Real Estate Exam- MO & National Study Questions and Answers

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  • Missouri 2024/2025
  • Institution
  • Missouri 2024/2025

Real Estate Exam- MO & National Study Questions and Answers A seller owned two plots of land that combined for a width of 950 ft and a depth of 1800 ft. A creek divided the north plot from the south plot. What is the total acreage of the two plots? - Ans:-Draw a line to divide rectangle horizon...

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  • October 22, 2024
  • 20
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Missouri 2024/2025
  • Missouri 2024/2025
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GraceAmelia
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FIRST PUBLISH OCTOBER 2024




Real Estate Exam- MO & National Study
Questions and Answers


A seller owned two plots of land that combined for a width of 950 ft and a depth of 1800 ft. A creek

divided the north plot from the south plot. What is the total acreage of the two plots? - Ans:✔✔-Draw a

line to divide rectangle horizontally. Write 950 as width & 1800 ft as depth.


Multiple 950 x 1800 =1,710,000


Then divide 1,710,000 by 43,560 to convert to acreage.


Answer is 39.25 rounded


A secretary in a real estate office has passed the salesperson's exam but has not yet received a license.

This person could - Ans:✔✔-give another salesperson in the office the address of the listed property the

other salesperson wants to show


An owner builds a rec room onto her house, neighbor feels it will violate setback lines established by city

building codes. Does neighbor have the right to request an injunction? - Ans:✔✔-Yes, under these

circumstances she may ask for an injunction




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, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




A broker recieved EMD from the buyer. Offer wasn't accepted by the seller but money had already been

deposited. What should be done? - Ans:✔✔-Broker should return EMD immediately to the buyer


In order to be in compliance with the Statute of Frauds, a sales contract must - Ans:✔✔-be in writing


The owner of an apartment building has just signed a managment agreement with a real estate firm. In

this situation, has an agency been formed? - Ans:✔✔-Yes, an agency is formed when one party delegates

to another the right to act on their behalf.


A property was for sale for $129,000. An offer was made for $123,000. The seller counteroffered at

$127,000. Would this offer be binding? - Ans:✔✔-No offer is binding until both parties are in agreement.


What best describes a fixture? - Ans:✔✔-it was personal property at one time


A 16 year old bought a piece of property. Seller found out and wanted to void the deal. Could he do this?

- Ans:✔✔-No, only the buyer could void the contract


X, a single person, and Y, a single person, want to take title to a property. They want undivided interest. If

one dies, the interst will be passed to the other. Which way of taking title will best suit them? - Ans:✔✔-

Joint tenants with the right of survivorship


In the event of an EMD dispute, the broker should - Ans:✔✔-contract sign a release or release it to the

courts




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, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED

FIRST PUBLISH OCTOBER 2024




After listing a home with a broker, a seller told the broker NOT to disclose the major structural damanges

in the house. The broker should - Ans:✔✔-tell the buyer of all defects prior to writing the contract.


To create joint tenancy there must be the unity of - Ans:✔✔-P - possession


I - interest


T - time


T - title


Seller had his home listed with a broker. During listing period, seller found his own buyer and refused to

pay broker commission. Broker sued the seller and won. What type of listing was this? - Ans:✔✔-

Exclusive Right to Sell


A property manager normally is in charge of all of the following duties except - Ans:✔✔-repairing a

tenant's fixture


In 1988, John Smith built a 3 story apt building. To comply with Federal Fair Housing - Ans:✔✔-Handicap

tenants would need to have access to at least the first floor


Elective credits for continuing education could be granted for a course - Ans:✔✔-that is exclusively

video-taped for classroom courses




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