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

Real Estate Exam- MO & National Study A seller owns two plots of land that, when combined, measure 950 feet in width and 1800 feet in depth. The plots are separated by a creek. To determine the total acreage: - Draw a horizontal line to divide the rectangle. - Write 950 as the width and 1800 feet as the depth. - Multiply: 950 x 1800 = 1,710,000. - Convert to acreage: divide 1,710,000 by 43,560. - The answer is approximately 39.25 acres when rounded. A secretary in a real estate office who ...

Real Estate Exam- MO & National Study passed exam solution update

Real Estate Exam- MO & National Study Questions With 100% Verified Answers 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? - answerDraw 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 est...

PSI BROKER EXAM PREP EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. A buyer has the right to buy a property at an agreed-upon price within the next six months. This is a(n) - -an option A leasehold estate that does NOT require notice to terminate is called a(n) - -an estate for years The broker and the seller both know that the foundation of the seller's house is unsafe. If they do not inform the buyer of this condition, then the contract is - -voidable A contract that has bee...

MO Real Estate Exam Practice Guaranteed Success Missouri Statute 339 - License Law RSMO 1986: This law mandates that anyone providing real estate (RE) services for compensation must obtain a license. This includes activities like brokering transactions, managing properties, appraising, counseling, syndicating, and auctioning. - Consideration: This term encompasses monetary compensation, the exchange of services, or any other valuable goods or services for which a person expects to receiv...

Aceable Agent - Principles of Real Estate II Exam Notes with complete solutions 2023TOTAL = PART/PERCENTAGE PART = TOTAL x PERCENTAGE PERCENTAGE = PART/ TOTAL Formulas to calculate commission? PRINCIPAL What is the term that describes the money that is lent? CASH TO CLOSE Down payment minus earnest money? TOTAL SALES PRICE Loan payment + loan principal? ORIGINATION POINTS Loan points/fees charged 1% to compensate loan officers for underwriting and administering...

Real Estate Exam- MO & National Study Questions With 100% Verified Answers 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? - answerDraw 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 est...

Arkansas Real Estate Exam Questions and Answers 100% Pass principal broker - Correct Answer ️️ -an individual who performs certain real estate services for another party for compensation. ultimately responsible for the company's activities, notably the activities of other licensees as well as the business's trust accounts. real estate duties not requiring license - Correct Answer ️️ -Delivery of a lease application or lease. Receiving a lease or lease application for delivery t...

MO State Law for Real Estate Salesperson Exam License Renewal - ️ Even years, every 2 years (biennially) Brokers: June 30, Salespersons: September 30 Continuing Education - ️ Both brokers and salespersons: 9 hours of electives + 3 hours of core education. Death or Incapacity of Broker in Charge - ️ Process: Business ceases; MREC assigns a temporary broker license to manage winding up the affairs; pending agency agreements are canceled; licenses mailed to MREC; parties to pendin...