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Real Estate Exam- MO & National Study Exam Question And Answers 2024
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Real Estate Exam- MO & National Study Exam Question And Answers 2024
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Real Estate Exam- MO & National StudyExam Question And Answers 2024
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? - correct answers✅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 - correct answers✅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? - correct answers✅Yes, under these
circumstances she may ask for an injunction
A broker recieved EMD from the buyer. Offer wasn't
accepted by the seller but money had already been
deposited. What should be done? - correct
answers✅Broker should return EMD immediately to the
buyer
,Real Estate Exam- MO & National Study
Exam Question And Answers 2024
In order to be in compliance with the Statute of Frauds, a
sales contract must - correct answers✅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? - correct
answers✅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? - correct answers✅No
offer is binding until both parties are in agreement.
What best describes a fixture? - correct answers✅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? - correct
answers✅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
, Real Estate Exam- MO & National Study
Exam Question And Answers 2024
taking title will best suit them? - correct answers✅Joint
tenants with the right of survivorship
In the event of an EMD dispute, the broker should -
correct answers✅contract sign a release or release it
to the courts
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 - correct answers✅tell the
buyer of all defects prior to writing the contract.
To create joint tenancy there must be the unity of -
correct answers✅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? - correct answers✅Exclusive
Right to Sell
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