Missouri real estat Study guides, Class notes & Summaries

MISSOURI REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ Chapter 339 of the MO Statutes is: Code of Ethics License Law MLS Rules For commercial agents only - -b Susie is employed by broker Joe to show rental properties that he manages. She shows rental units, collects security deposit checks made payable to the owner, and delivers leases. Based on these actions, Susie: Must be a real estate licensee Is violating MREC rules Is creating a criminal offense Is not...

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 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...

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...

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...

National And Missouri Real Estate Quiz 1 Mike Ed and Bob were concurrent owners of a parcel of RE. Ed died, and his interest passed according to his will. What was the ownership of the property? ️ B. Tenancy in common It is license renewal time, and Julie just realized she took six hours of core classes and six hours of elective classes. What should Julie do? ️ B. Julie is fine, the state requires at least three hours of core material. Able agent failed to complete his education ...

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

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...