Missouri real estate exam - Study guides, Class notes & Summaries

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...

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...

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...

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

Missouri Real Estate Practice Exam Questions and answers new update

Chapter 339 of the MO Statutes is: Code of Ethics License Law MLS Rules For commercial agents only correct answers 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 required to be a MO Real estate licensee correct answers d Th...

Missouri Real Estate Exam. Ownership

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...