Real estate exam mo - Study guides, Class notes & Summaries

MO Real Estate Exam Practice Questions and Answers Mo Statute 339 - Correct Answer ️️ -License Law RSMO 1986 License Law - Correct Answer ️️ -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 Answer ️️ -Includes $ compensation, exchange of free services, or any other valuable good or service that a person expects...

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...

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...

MISSOURI PORTION OF REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, RATED what is the purpose of chaper 339 protec the public from sales persons and brokers chapter 339 is also called what license law mo real estate commission can fine how much for violations 2500 per cioloation with a maximum of 25000 for contunued violation mo will not here what kind of complaints commisiion a real estate can not work with out workers permit from mrc. when do real estate agents and brokers need to ...

Real Estate Exam- MO & National Study Already Graded 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 salesper...

MO State Law for Real Estate Salesperson Exam Already Passed License renewal Even years, every 2 years (biennially) Brokers June 30, Salespersons September 30 Continuing Ed Both brokers and salespersons: 9 hrs. electives + 3 hrs. core Death or incapacity of broker in charge Business ceases; temporary broker license assigned by MREC to someone for "winding up the affairs of the business"; pending agency agreements canceled; licenses mailed to MREC; parties to pending sales contracts will be n...