Missouri  Missouri Real Estate Salesperson Pre-Examination

Missouri Real Estate Salesperson Pre-Examination

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$219.00
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  • Course Delivery: On Demand
  • Credit Hours: 48
  • Credit Type: Pre Examination

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Description

The goal of the 48-hour Missouri Salesperson Pre-Examination course is to prepare learners to take the licensing exam and to begin a successful career in real estate. This course explores the major relationships, processes, requirements, and documents common in the real estate industry.

 

This Missouri Salesperson Pre-Examination course contains the following topics:

  1. Agency Relationships and Contracts
    • Agency Relationships
    • Theory and Concepts About Contracts
    • Purchase Contracts
    • Listing and Buyer Representation Agreements
  2. Real Property Ownership/Interest
    • Rights of Ownership
    • Types of Ownership
    • Leasehold Interest
    • Forms of Business Ownership
    • Land Use, Private Restrictions, and Matters Affecting Ownership
    • Government Powers
  3. Finance
    • Basic Concepts and Terminology
    • Methods of Financing
    • Financing Instruments
    • Government Oversight
    • Lending Process
  4. Real Property
    • Methods of Legal Descriptions of Land
    • Methods of Measurement
    • Property Valuation
    • Methods of Valuation
    • Conveyance of Real Property
  5. Marketing Regulations (Purchase and Rental)
    • Property Advertising Disclosures
    • Licensee Advertising
    • Fair Housing
  6. Property Management
    • General Principals of Property Management Agreements
    • Basic Provisions of Property Management Agreements
    • Types of Contracts
    • Duties and Obligations of the Parties
    • Market Analysis and Tenant Acquisition
    • Accounts and Disbursements
    • Property Maintenance and Improvements
  7. Real Estate Calculations
    • Compensation, Commission and Fees
    • Valuation/Market Sales Price and Yields
    • Net to Seller, Cost to Buyer (Debits and Credits)
    • Tax and Other Prorations
    • Points
    • Loan to Value Ratio
    • Measurements (square footage, acreage, volume)
    • Property Management/Investment (rate of return)
  8. Missouri License Law
    • General Rules
    • Licenses
    • Educational Rerquirements
    • Business Conduct and Practices
    • Disciplinary Proceedings
    • Computations and Closing
 

Course Objectives

Upon completion of this course, the student will be able to:

- Describe how agency relationships are created
- Identify the different types and classifications of agents
- List the duties agents owe to customers and clients
- Describe agency disclosure requirements
- Identify the components of a valid contract
- Recognize when an offer is accepted and the types of acceptance
- Discuss contract enforceability
- List the provisions usually found in a purchase contract
- Identify the consequences of a breached contract
- Demonstrate proper handling of trust funds as required by Missouri law
- Describe listing agreements and buyer agent agreements
- Differentiate among land, real estate, and real property
- Recall the rights the come with property ownership
- Identify types of ownership (estates in land)
- Distinguish between freehold and leasehold estates
- Describe the types of leasehold estates and leases
- Explain amortization and loan payments, the secondary market, interest rates, and equity
- Discuss FHA loans and programs and VA loans and entitlements
- Differentiate between conforming loans and non-conforming loans
- Explain promissory notes and amortization
- Explain RESPA requirements
- Summarize important provisions of the Truth-in-Lending Act
- Identify the major areas of concern when qualifying the buyer
- Explain the loan application and underwriting process
- Outline the basic features of the metes and bounds survey method and the rectangular survey method.
- Calculate the area of a shape and the volume of a space
- Identify and explain the fundamental concepts, terminology, and principles used in real estate valuation and appraisal.
- Discuss the factors and elements that affect and create value
- Demonstrate how to complete a comparative market analysis
- Differentiate between real property and personal property
- Differentiate among the three approaches to value commonly used in appraisal.
- Demonstrate how value is estimated using the sales comparison approach
- Demonstrate fair housing compliant advertising practices
- Discuss dangerous environmental problems such as lead
- Identify material facts and what information must be disclosed to buyers
- Explain licensee advertising disclosures rules
- Discuss the federal Fair Housing Act and the properties that are and are not covered
- Name the activities considered illegal under fair housing laws.
- Define steering, blockbusting, and redlining
- Discuss the general principles of property management agreements
- Identify the basic provisions of property management agreements
- Discuss how property managers market rental property and screen tenants
- Explain a property management accounting and rent collection duties
- Use equations to calculate interest.
- Explain amortization.
- Apply the principles of prorating.
- Understand and solve for appreciation and depreciation.
- Identify and apply calculation formulas to determine value and profit.
- Apply interest rates and loan discount rates.
- Discuss the provisions of Missouri License Law

 

Topics Covered

This Missouri Salesperson Pre-Examination course contains the following topics:

1. Agency Relationships and Contracts
- Agency Relationships
- Theory and Concepts About Contracts
- Purchase Contracts
- Listing and Buyer Representation Agreements
2. Real Property Ownership/Interest
- Rights of Ownership
- Types of Ownership
- Leasehold Interest
- Forms of Business Ownership
- Land Use, Private Restrictions, and Matters Affecting Ownership
- Government Powers
3. Finance
- Basic Concepts and Terminology
- Methods of Financing
- Financing Instruments
- Government Oversight
- Lending Process
4. Real Property
- Methods of Legal Descriptions of Land
- Methods of Measurement
- Property Valuation
- Methods of Valuation
- Conveyance of Real Property
5. Marketing Regulations (Purchase and Rental)
- Property Advertising Disclosures
- Licensee Advertising
- Fair Housing
6. Property Management
- General Principals of Property Management Agreements
- Basic Provisions of Property Management Agreements
- Types of Contracts
- Duties and Obligations of the Parties
- Market Analysis and Tenant Acquisition
- Accounts and Disbursements
- Property Maintenance and Improvements
7. Real Estate Calculations
- Compensation, Commission and Fees
- Valuation/Market Sales Price and Yields
- Net to Seller, Cost to Buyer (Debits and Credits)
- Tax and Other Prorations
- Points
- Loan to Value Ratio
- Measurements (square footage, acreage, volume)
- Property Management/Investment (rate of return)
8. Missouri License Law
- General Rules
- Licenses
- Educational Requirements
- Business Conduct and Practices
- Disciplinary Proceedings

 

Regulatory Information

Missouri Real Estate Salesperson Pre-Examination Course - Missouri Real Estate Commission

 

Subject Matter Expert

All course material updated and maintained by 360training.com

 

End of Course Instructions

Congratulations on successfully completing your Real Estate continuing education course!

To print your Certificate of Completion please go to the "My Courses" section of your profile, and from the "Show" drop-down list select "Completed Courses". Once selected, please click on the "Print Certificate" icon in blue to print your Certificate of Completion.

Please feel free to contact our customer support at (877) 881-2235 if you need further assistance.

 

Quiz Information

This course includes lesson quizzes and you may will be required to pass the lesson quizzes with 70% score in order to move forward to the next lesson.

 

Exams

You will be required to pass the final exam with a 75% in order to receive course credit.

Got Questions? Contact Us

Got questions? Contact us below or call 877-881-2235.

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