US Real Estate Missouri Test 8

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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Real Estate — Missouri Professional (Real Estate, USA) USA — Missouri State Real Estate License — USA

What is this test? for Real Estate Salesperson/Broker prep, USA (national + state law) — Professional (Real Estate, USA) level, USA — Missouri.
For adults preparing for Real Estate license in the USA
Section: Real Estate — Missouri · Education: Professional (Adult) · Part: Real Estate — Missouri · Country: USA · Region: USA — Missouri

Finance and real estate acumen covers markets, valuation, contracts, and budget management.

This test is designed to reinforce core concepts and help you succeed on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is a lien?

A) claim against property for debt

B) deed

C) lease

D) offer

Question 2

Agents in Missouri answer to which agency?

A) Missouri Real Estate Commission

B) FBI

C) State Senate

D) City Council

Question 3

What is a listing agreement?

A) lease

B) purchase offer

C) deed

D) contract to sell a property

Question 4

What is earnest money?

A) commission

B) tax

C) buyer good-faith deposit

D) fee

Question 5

What is a fiduciary duty?

A) profit first

B) dual profit

C) secrecy from client

D) loyalty, obedience, care to client

Question 6

What is dual agency?

A) no representation

B) buyer only

C) two brokers

D) one broker representing both sides

Question 7

What is the Fair Housing Act?

A) building code

B) bans housing discrimination

C) tax law

D) zoning code

Question 8

What is a mortgage?

A) rent deal

B) lease

C) deed

D) loan secured by property

Question 9

What classes are protected in housing?

A) politics

B) income

C) race, color, religion, sex, handicap, family, national origin

D) age only

Question 10

What is redlining?

A) illegal denial by neighborhood

B) appraising

C) surveying

D) mapping

Question 11

What is steering?

A) advertising

B) negotiating

C) showing homes

D) guiding buyers by race (illegal)

Question 12

What is a CMA?

A) inspection

B) survey

C) comparative market analysis

D) appraisal

Question 13

What is an appraisal?

A) offer

B) listing

C) professional value opinion

D) inspection

Question 14

What are the three appraisal approaches?

A) sales comparison, cost, income

B) list, sell, close

C) show, stage, sell

D) offer, accept, record

Question 15

What is a fixed-rate mortgage?

A) same rate whole term

B) no interest

C) changing rate

D) short term

Question 16

What is PITI?

A) principal, interest, taxes, insurance

B) a loan type

C) a deed

D) a tax

Question 17

What is LTV?

A) lease term value

B) loan-to-value ratio

C) land title verification

D) listing traffic volume

Question 18

What is PMI?

A) property tax

B) insurance for low down payments

C) title insurance

D) flood insurance

Question 19

What is escrow?

A) down payment

B) tax

C) commission

D) neutral third-party holding

Question 20

What is a deed?

A) lease

B) offer

C) loan paper

D) ownership transfer document

US Real Estate Missouri Test 8

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