MO REAL ESTATE EXAM PRACTICE QUESTIONS AND ANSWERS 2025
Chattel - (ANSWER)personal property
Real Property - (ANSWER)physical property such as land and buildings
Three Physical Characteristics of Land - (ANSWER)Immobility, Indestructibility, Uniqueness
immobility - (ANSWER)land is physically immobile
Indestructibility - (ANSWER)Land cannot be destroyed
Non-homogeneity - (ANSWER)Land: No two pieces are exactly alike.
four economic characteristics of land - (ANSWER)scarcity, improvements, permanence, situs
scarcity - (ANSWER)land is not limitless
Improvements to the land - (ANSWER)any fixed structures such as buildings, fences, walls, and decks
that adds value
permanence - (ANSWER)long-term stability associated with real estate
situs - (ANSWER)Refers to the economic location of real estate.
Metes and Bounds - (ANSWER)a method of describing real estate property that uses geography and land
features with directions
Recorded Plat - (ANSWER)A plat or map showing the location and boundaries of individual parcels of
land that is filed in the public records in the county where the property is located .
, MO REAL ESTATE EXAM PRACTICE QUESTIONS AND ANSWERS 2025
monument - (ANSWER)Surveyors use this when they are describing large areas of land that may be cost
prohibitive to survey
rectangular survey system - (ANSWER)A system used to divide public domain lands in the United States
in which land is divided into 6-mile square townships and subdivided into sections, portions of sections,
or irregular lots. Also referred to as Public Land Survey System.
Government or US public land system (PLSS) - (ANSWER)Most commonly used method to survey and
spatially identify land or property parcels before designating ownership, whether for sale or transfer.
Townships - (ANSWER)a survey method that refers to square units of land that is six miles on each side
principal meridians - (ANSWER)north-south lines separating townships. method that uses principal
meridian lines for survey control in a large region that divides the township by north/south/east/west
Base lines run - (ANSWER)east to west
meridian intersections run - (ANSWER)vertically
Assesors Parcel Number (APN) - (ANSWER)a number assigned to a parcels of property by the area's
jurisdiction for identification and record keeping
Duel Agency - (ANSWER)the agent represents the buyer and the seller
6 Fiduciary Duties (OLDCAR) - (ANSWER)Care
Obedience
Loyalty
Disclosure
Accounting
Chattel - (ANSWER)personal property
Real Property - (ANSWER)physical property such as land and buildings
Three Physical Characteristics of Land - (ANSWER)Immobility, Indestructibility, Uniqueness
immobility - (ANSWER)land is physically immobile
Indestructibility - (ANSWER)Land cannot be destroyed
Non-homogeneity - (ANSWER)Land: No two pieces are exactly alike.
four economic characteristics of land - (ANSWER)scarcity, improvements, permanence, situs
scarcity - (ANSWER)land is not limitless
Improvements to the land - (ANSWER)any fixed structures such as buildings, fences, walls, and decks
that adds value
permanence - (ANSWER)long-term stability associated with real estate
situs - (ANSWER)Refers to the economic location of real estate.
Metes and Bounds - (ANSWER)a method of describing real estate property that uses geography and land
features with directions
Recorded Plat - (ANSWER)A plat or map showing the location and boundaries of individual parcels of
land that is filed in the public records in the county where the property is located .
, MO REAL ESTATE EXAM PRACTICE QUESTIONS AND ANSWERS 2025
monument - (ANSWER)Surveyors use this when they are describing large areas of land that may be cost
prohibitive to survey
rectangular survey system - (ANSWER)A system used to divide public domain lands in the United States
in which land is divided into 6-mile square townships and subdivided into sections, portions of sections,
or irregular lots. Also referred to as Public Land Survey System.
Government or US public land system (PLSS) - (ANSWER)Most commonly used method to survey and
spatially identify land or property parcels before designating ownership, whether for sale or transfer.
Townships - (ANSWER)a survey method that refers to square units of land that is six miles on each side
principal meridians - (ANSWER)north-south lines separating townships. method that uses principal
meridian lines for survey control in a large region that divides the township by north/south/east/west
Base lines run - (ANSWER)east to west
meridian intersections run - (ANSWER)vertically
Assesors Parcel Number (APN) - (ANSWER)a number assigned to a parcels of property by the area's
jurisdiction for identification and record keeping
Duel Agency - (ANSWER)the agent represents the buyer and the seller
6 Fiduciary Duties (OLDCAR) - (ANSWER)Care
Obedience
Loyalty
Disclosure
Accounting
