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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...

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...

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...

Commercial real estate, as defined by Missouri real estate commission general rules, includes real estate correct answers with stores or office buildings. Which of the following activities would be considered a ministerial act under Missouri statute? correct answers Accompanying an appraiser, inspector, contractor, or similar third party on a visit to a property In general, residential real estate is defined as real property improved by a structure that is used, or intended to be used, pri...

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