Mo real estate - Study guides, Class notes & Summaries

Mo Statute 339 correct answers License Law RSMO 1986 License Law correct answers Any person who performs a RE service on behalf of another party for CONSIDERATION must be licensed; i.e. broker transactions, managing property, appraising, counseling, syndicating, auctioning Consideration correct answers Includes $ compensation, exchange of free services, or any other valuable good or service that a person expects to be paid (Vital in license law requirement) MO Real Estate Commission (MR...

MO Real Estate Exam Practice Already Passed

Real Estate Exam- MO & National Study Rated A+ 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? 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 sale...

MO STATE REAL ESTATE PRACTICE EXAM QUESTIONS AND ANSWERS

Chapter 339 of the MO Statutes is: Code of Ethics License Law MLS Rules For commercial agents only - ANSWER-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 - ANSWER-d The purpose of M...

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...

Missouri Real Estate Exam Questions and Answers Chapter 339 of the MO Statutes is: Code of Ethics License Law MLS Rules For commercial agents only - Correct Answer ️️ -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 t...

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...

Commercial real estate, as defined by Missouri real estate commission general rules, includes real estate correct answers with stores or office buildings. Which of the following activities would be considered a ministerial act under Missouri statute? correct answers Accompanying an appraiser, inspector, contractor, or similar third party on a visit to a property In general, residential real estate is defined as real property improved by a structure that is used, or intended to be used, pri...

Real Estate Terms for MO All Answers Correct Estate for Years - ️ A leasehold interest that exists for a specified time with a definite start and end date; does not end due to the death of either party or the sale of the property; no notice is required for termination. Personal Property - ️ Items that are movable and not classified as real property, often referred to as chattels, such as cars, cash, and stocks. Chattel - ️ A term used to describe personal property as opposed to r...