©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
Real Estate Exam- MO & National Study
Questions and Answers
A seller owned two plots of land that combined for a width of 950 ft and a depth of 1800 ft. A creek
divided the north plot from the south plot. What is the total acreage of the two plots? - Ans:✔✔-Draw a
line to divide rectangle horizontally. Write 950 as width & 1800 ft as depth.
Multiple 950 x 1800 =1,710,000
Then divide 1,710,000 by 43,560 to convert to acreage.
Answer is 39.25 rounded
A secretary in a real estate office has passed the salesperson's exam but has not yet received a license.
This person could - Ans:✔✔-give another salesperson in the office the address of the listed property the
other salesperson wants to show
An owner builds a rec room onto her house, neighbor feels it will violate setback lines established by city
building codes. Does neighbor have the right to request an injunction? - Ans:✔✔-Yes, under these
circumstances she may ask for an injunction
Page 1/20
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
A broker recieved EMD from the buyer. Offer wasn't accepted by the seller but money had already been
deposited. What should be done? - Ans:✔✔-Broker should return EMD immediately to the buyer
In order to be in compliance with the Statute of Frauds, a sales contract must - Ans:✔✔-be in writing
The owner of an apartment building has just signed a managment agreement with a real estate firm. In
this situation, has an agency been formed? - Ans:✔✔-Yes, an agency is formed when one party delegates
to another the right to act on their behalf.
A property was for sale for $129,000. An offer was made for $123,000. The seller counteroffered at
$127,000. Would this offer be binding? - Ans:✔✔-No offer is binding until both parties are in agreement.
What best describes a fixture? - Ans:✔✔-it was personal property at one time
A 16 year old bought a piece of property. Seller found out and wanted to void the deal. Could he do this?
- Ans:✔✔-No, only the buyer could void the contract
X, a single person, and Y, a single person, want to take title to a property. They want undivided interest. If
one dies, the interst will be passed to the other. Which way of taking title will best suit them? - Ans:✔✔-
Joint tenants with the right of survivorship
In the event of an EMD dispute, the broker should - Ans:✔✔-contract sign a release or release it to the
courts
Page 2/20
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
After listing a home with a broker, a seller told the broker NOT to disclose the major structural damanges
in the house. The broker should - Ans:✔✔-tell the buyer of all defects prior to writing the contract.
To create joint tenancy there must be the unity of - Ans:✔✔-P - possession
I - interest
T - time
T - title
Seller had his home listed with a broker. During listing period, seller found his own buyer and refused to
pay broker commission. Broker sued the seller and won. What type of listing was this? - Ans:✔✔-
Exclusive Right to Sell
A property manager normally is in charge of all of the following duties except - Ans:✔✔-repairing a
tenant's fixture
In 1988, John Smith built a 3 story apt building. To comply with Federal Fair Housing - Ans:✔✔-Handicap
tenants would need to have access to at least the first floor
Elective credits for continuing education could be granted for a course - Ans:✔✔-that is exclusively
video-taped for classroom courses
Page 3/20
FIRST PUBLISH OCTOBER 2024
Real Estate Exam- MO & National Study
Questions and Answers
A seller owned two plots of land that combined for a width of 950 ft and a depth of 1800 ft. A creek
divided the north plot from the south plot. What is the total acreage of the two plots? - Ans:✔✔-Draw a
line to divide rectangle horizontally. Write 950 as width & 1800 ft as depth.
Multiple 950 x 1800 =1,710,000
Then divide 1,710,000 by 43,560 to convert to acreage.
Answer is 39.25 rounded
A secretary in a real estate office has passed the salesperson's exam but has not yet received a license.
This person could - Ans:✔✔-give another salesperson in the office the address of the listed property the
other salesperson wants to show
An owner builds a rec room onto her house, neighbor feels it will violate setback lines established by city
building codes. Does neighbor have the right to request an injunction? - Ans:✔✔-Yes, under these
circumstances she may ask for an injunction
Page 1/20
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
A broker recieved EMD from the buyer. Offer wasn't accepted by the seller but money had already been
deposited. What should be done? - Ans:✔✔-Broker should return EMD immediately to the buyer
In order to be in compliance with the Statute of Frauds, a sales contract must - Ans:✔✔-be in writing
The owner of an apartment building has just signed a managment agreement with a real estate firm. In
this situation, has an agency been formed? - Ans:✔✔-Yes, an agency is formed when one party delegates
to another the right to act on their behalf.
A property was for sale for $129,000. An offer was made for $123,000. The seller counteroffered at
$127,000. Would this offer be binding? - Ans:✔✔-No offer is binding until both parties are in agreement.
What best describes a fixture? - Ans:✔✔-it was personal property at one time
A 16 year old bought a piece of property. Seller found out and wanted to void the deal. Could he do this?
- Ans:✔✔-No, only the buyer could void the contract
X, a single person, and Y, a single person, want to take title to a property. They want undivided interest. If
one dies, the interst will be passed to the other. Which way of taking title will best suit them? - Ans:✔✔-
Joint tenants with the right of survivorship
In the event of an EMD dispute, the broker should - Ans:✔✔-contract sign a release or release it to the
courts
Page 2/20
, ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED
FIRST PUBLISH OCTOBER 2024
After listing a home with a broker, a seller told the broker NOT to disclose the major structural damanges
in the house. The broker should - Ans:✔✔-tell the buyer of all defects prior to writing the contract.
To create joint tenancy there must be the unity of - Ans:✔✔-P - possession
I - interest
T - time
T - title
Seller had his home listed with a broker. During listing period, seller found his own buyer and refused to
pay broker commission. Broker sued the seller and won. What type of listing was this? - Ans:✔✔-
Exclusive Right to Sell
A property manager normally is in charge of all of the following duties except - Ans:✔✔-repairing a
tenant's fixture
In 1988, John Smith built a 3 story apt building. To comply with Federal Fair Housing - Ans:✔✔-Handicap
tenants would need to have access to at least the first floor
Elective credits for continuing education could be granted for a course - Ans:✔✔-that is exclusively
video-taped for classroom courses
Page 3/20
