Missouri real estat - Study guides, Class notes & Summaries

Missouri Real Estate 48 Hour Course Unit Quizzes MO Law Questions and Answers c. license law - Ans:-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 - Ans:-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 salesperson did this with ...

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...

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...

Missouri Real Estate Law Guaranteed Success What is the primary purpose of Chapter 339 of the Missouri Statutes? ️ To protect the public by regulating the actions of licensees to ensure compliance with the real estate license law. Would a person assisting in telemarketing the broker's services need a license under Missouri Law? ️ Yes. Auctioneer Grant is negotiating to auction off some items for a farm family. If the farmer asks Grant to also auction the farm, would Grant need a...

MISSOURI REAL ESTATE PRACTICE EXAM QUESTIONS & ANSWERS, GRADED A+/ VERIFIED. 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 Wh...

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...

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 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...