Mo real estate exam - Study guides, Class notes & Summaries
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MRL3701 EXAM PACK 2024
- Exam (elaborations) • 485 pages • 2023
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MRL3701 
INSOLVENCY LAW 
PAST EXAM PACK QUESTIONS AND ANSWERS 
SUMMARISED NOTES 
S - The study-notes marketplace 
MRL 3701 
OCTOBER/NOVEMBER 2018 
QUESTION 1 
a) Inability to pay debts is, at most merely evidence of insolvency. (page 3) 
b) Brenda’s application for voluntary surrender must be set out the causes of her 
insolvency in some detail to enable the court to determine whether the 
application is ......................... 
c) Christopher commits an act of insolvency by depar...
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MO Real Estate Exam Practice Questions and Answers
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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...
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| LATEST EXAM UPDATES| 2024/25 |MO REAL ESTATE EXAM PRACTICE REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/
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MO REAL ESTATE EXAM PRACTICE REVIEW QUESTIONS 
AND ANSWERS, GRADED A+/ VERIFIED/ 
Mo Statute 339 - -License Law RSMO 1986 
License Law - -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 - -Includes $ compensation, exchange of free services, or any other valuable good or 
service that a person expects to be paid (Vital in license law...
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MO Real Estate Exam Practice Questions and Answers
- Exam (elaborations) • 34 pages • 2024
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- $12.49
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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...
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MO real estate EXAM SMART Questions and Answers 100% Pass
- Exam (elaborations) • 40 pages • 2024
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And that's how you make extra money
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| LATEST EXAM UPDATES| 2024/25 |MO REAL ESTATE EXAM SMART EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/
- Exam (elaborations) • 33 pages • 2024
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MO REAL ESTATE EXAM SMART EXAM REVIEW 
QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ 
Under a Listing agreement, who would be the client? 
The Salesperson 
The broker 
The Seller 
They Buyer - -The Seller 
A property was sold by a foreclosure sale. The sale did not produce enough money to satisfy all the 
debts on the property. What could the creditor who weren't paid now file? 
A deed in lieu of foreclosure 
An estoppel certificate 
A deficiency judgement 
A blanket Mortgage - -A deficien...
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MO real estate EXAM SMART Questions and Answers 100% Pass
- Exam (elaborations) • 40 pages • 2024
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MO Real Estate Exam Study Guide |Graded A+|
- Exam (elaborations) • 39 pages • 2024
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MO Real Estate Exam Study Guide 
|Graded A+| 
Mo Statute 339 *Ans* License Law RSMO 1986 
License Law *Ans* 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 *Ans* 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 Esta...
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MO Real Estate Exam Practice Questions & Answers Verified 100% Correct!!
- Exam (elaborations) • 20 pages • 2024
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Licensing - Renewals/ Termination Etc - ️️Brokers license renews by 6/30 of even 
years ($50) 
Salesp must renew by 9/30 of even years ($40) 
-2 yrs salesperson before broker 
- broker must notify MREC within 72 hours of termination 
- Salesperson has 6 months to find new broker or place on inactive 
- Listings belong to broker (transfer req written consent) 
- "Dual Contracts" to deceive lender = federal offense 
MO Admin Hearing Commission (MAHC) - ️️Determines guilt/innocence; i...
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MO Real Estate Exam Practice With Correct Answers
- Exam (elaborations) • 29 pages • 2024
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Mo Statute 339 - ANSWER-License Law RSMO 1986 
 
License Law - 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 - ANSWER-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 (MREC) - ANSWER--authori...
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