The mrec allows - Study guides, Class notes & Summaries

FINAL EXAM (Bob Brooks) 2024 Actual QuesFINAL EXAM (Bob Brooks) 2024 Actual Questions and Correct Answers Solved 100%.tions and Correct Answers Solved 100%. Last document update:   ago

FINAL EXAM (Bob Brooks) 2024 Actual Questions and Correct Answers Solved 100%. When must earnest money and/or deposits accepted by the broker be put into the escrow account? a. Earnest money does not have to be put into an escrow account. b. By the close of business of the next banking day c. Within 24 hours d. Within 48 hours b. By the close of business of the next banking day In order to record a deed, it MUST be in writing and: a. signed by grantee b. recite the actual purchase...

Real Estate Exam- Missouri Portion Last document update:   ago

7 Members. Have to have been a us citizen for 1 year at least. Appointed by the governor with consent of the Missouri senate. 6 members must have been licensed brokers for 10 years. 1 member from general public. - Answer- The MREC is made up of All members to vote. Members may hold an inactive license during employment. Cannot be actively involved in the real estate business. $75 a day when meeting. Plus expenses. - Answer- The MREC allows Protect the public. Established by state legislatu...