Missouri real estat Study guides, Class notes & Summaries

Missouri Real Estate Practice Exam Questions With 100% Verified Answers A farmer sold his farm. Several months later the farmer was able to go back and harvest the crops he planted. The crops are called: - answerEmblements A bill of sale would be the document used to convey what? - answerA refrigerator A commercial tenants lease was about to expire. The tenant wanted to remove some shelving that he had installed. Could he do this? - answerYes, if he removes the shelves before the lease ex...

Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)Missouri Real Estate Broker Exam (2023) | Questions & Answers (100% Verified)Heterogeneity or Nonhomogeneity - ANSWER - Every parcel of land is different Immobility - ANSWER - Location of a parcel of land can never be changed Durable - ANSWER - Refers to land tha...

If a licensee violates a provision of the Missouri License Law, the licensee: - Shall be guilty of a class B misdemeanor and may be liable for criminal prosecution A broker takes a listing, which one is illegal in Missouri? - Seller collects 94% of list price and broker is to get all above that If a licensee breaches his fiduciary responsibilities to the principal, which of the following actions could not be taken against the licensee? - The state may rescind all contracts negotiated by the...

MISSOURI REAL ESTATE - STATE PORTION ONLY/ EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+ 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 Com...

2024 COLIBRI REAL ESTATE (MISSOURI) EXAM WITH CORRECT ANSWERS

Missouri Real Estate License Law A salesperson, licensed in another state (not in Missouri), is visiting St. Louis and helps her father sell his listed property. The agent finds a buyer through a local church group and successfully negotiates the sale of the St. Louis residence. The salesperson is entitled to which of the following considerations from the listing broker of her father's property? ️ No commission is due to the agent because she is not licensed in MO. A buyer was t...

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...

Missouri Real Estate 48 Hour Course Unit Quizzes MO Law

Missouri Real Estate Practice Exam

Title - ANSWER-Bundle of rights, ownership Deed - ANSWER-Transfers real property rights; Transfers title to a property from one person to another 3 ways to transfer title - ANSWER-Sell, will or steal Taxation - ANSWER-Government can take property if you don't make payments Easement - ANSWER-Railroads and electric companies can use the property to supply utilities. Being allowed to cross over, servitude Land - ANSWER-Spot on the Earth that goes down to the center and up to infinit...