The mrec is made up of - Study guides, Class notes & Summaries

Missouri Real Estate - State Portion Only Questions and Answers 100% Pass In the event of the death or incapacity of a licensed broker: May issue a temporary broker license to individual approved by the commission What is the maximum fine for violations the commission my charge? $25,000 The commission will not here what kind of complaints? Commission disputes between licensees A real estate cannot work without what? A workers permit issued by the Real Estate Commission When do licensee's ne...

Faith has started creating her own advertising, but is looking for some guidance on what is and isn't allowed. She's checked state and federal laws, commission regulations, as well as the National Association of REALTORS® Code of Ethics. Where else can she look for reliable information? - Answer Brokerage policy manual Roger Kelly is signing a listing contract with a client. Which of the following is an acceptable signature on the document? - Answer Roger Kelly" Which of these policies...

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...

A seller owned two plots of land that combined for a width of 950ft and a depth of 1800ft. A creek divided the north plot from the south plot. What is the total acreage of the two plots? - ANSWER-(B) 39.25 acres A secretary in a real estate office has passed the salesperson's exam but has not yet received a license. This person could: - ANSWER-C. give another salesperson in the office the address of the listed property the other salesperson wants to show An owner builds a recreation room ...

©THEBRIGHT EXAM STUDY SOLUTIONS 8/26/2024 11:32 AM Ce shop Final Exam Questions And Correct Answers Blaire apparently hasn't learned her lesson. She paid a $5,000 penalty when MREC found her guilty of misrepresentation, a $10,000 penalty when she was found guilty of placing a for sale sign in someone's yard without permission, and now she's committed three more violations by placing a series of discriminatory ads. What's the maximum penalty MREC can levy for these new violations? - a...

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...