Missouri Real Estate Final Test Review | 135 Questions with 100% Correct Answers | Verified | Latest Update 2024

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? - (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: - 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 onto her house. Her neighbor feels the new addition will violate setback lines established in city building codes. Does the neighbor have the right to request an injunction to stop construction? - D) yes, under these circumstances the neighbor may justifiable ask for an injunction 4. A broker received earnest money from the buyer. The offer was not accepted by the seller; however, the agent had already deposited the earnest money. What should be done? - B return the earnest money to the buyer immediately In order to be in compliance with the statute of frauds, a sales contract must be - in writing The owner of an apartment building has just signed a management contract with a real estate firm. In this situation, has an agency been formed? - A. yes, because an agency is formed whenever one party delegates to another the right to act on their behalf in certain business transactions Falk had a property for sale for $129,000. Murphy made an offer for $123,000. Falk made a counteroffer of $127,000. Which of the following statements is NOT true regarding this situation? - C. the counteroffer would be binding on Murphy Which BEST describes a fixture? - C.)it was at one time personal property