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Frequently Asked Questions (FAQs)
This Missouri Real Estate Commission requires this course be completed before a salesperson license can be obtained. 1st Choice Real Estate School recommends that you complete this online course immediately upon completion of the 48-hour Pre-Examination course as an extra study tool in preparation for the State Licensing Examination.
Contents: Missouri agency contract basics; disclosure laws; mortgage loans; credit scores; Equal Credit Opportunity Act; deeds; recording; foreclosure; basic loan features; conventional, FHA and VA financing; financing documents; financial calculations; closing statement; appraising and pricing property; Antitrust; RESPA; predatory lending practices; and misrepresentation.
This required course is recommended as an extra study tool for both the National Portion and Missouri Portion of the 48-hour Pre-Examination course material before taking the State Licensing Examination.
*There are other reasons why you may be required to complete the Missouri Real Estate Practice Course: because you are reactivating your license, taking the course for failure to complete continuing education on time, transferring in from another state or many other reasons as required by the MREC. If you are unsure of your licensing requirements, contact the MREC at 1-573-751-2628.
The information presented in this course should not be used as a substitute for competent legal advice.