1 Finding AMP Content in the Missouri Courses AMP administers the real estate licensing exam in MO. They provide a Candidate Handbook that contains a content outline for the examination content. http://documents.goamp.com/publications/candidatehandbooks/morephandbook.pdf Here s where you can find that content in the course: National Content Agency Relationships and Contracts Course Level Section Units Lessons Agency Relationships 1. Creating Agency Pre-exam 1 5 1 1. Types of Agency (including Pre-exam 1 5 1-5 implied agency). Rights, Duties and Pre-exam 1 5 1,, All Obligations of the Parties. Termination and Remedies Pre-exam 1 5 1 for Non-Performance 5. Disclosure (related to Pre-exam 1 5 1 representation) General Legal Principles, Theory and Concepts about Contracts 1. Unilateral / Bilateral Pre-exam 5 1 1 1. Validity Pre-exam 5 1 1 1. Void and Voidable Pre-exam 5 1 1 1. Notice of Delivery / Pre-exam 5 1 Acceptance 5. Executory / Executed Pre-exam 5 1 1 1 6. Enforceability 5 1 1 1 7. Addenda to Contracts Pre-exam 5 8. Electronic Signatures / Pre-exam 5 1 1 Paperless Transactions Purchase Contracts (Contracts between Seller and Buyer) 1. General Principles and Pre-exam 5 1 1- Legal Concepts. Purchase Contract (contract Pre-exam 5 1 1- of sale, purchase and sale agreement, etc.). Options (contractual right to buy) Pre-exam 5 1. Basic Provisions / Purpose / Elements Pre-exam 5 1-1-, 5 1
5. Conditions for Termination Pre-exam 5 / Breach of Contract 6. Offer and Acceptance (counter offers, multiple Pre-exam 5 1- offers, negotiation) 7. Contingencies Pre-exam 5 8. Duties and Obligations of Pre-exam 5 1- the Parties 9. Handling Funds of Others Pre-exam 1 - (trust/escrow funds, earnest money, delivery) Service/Listing Buyer Contracts (Contracts between Licensee and Seller or Buyer) 1. General Principles and Pre-exam 5 1 1 Legal Concepts. Basic Provisions / Purpose / Elements Pre-exam 5 1- -. Duties and Obligations of Pre-exam 5 the Parties. Conditions for Pre-exam 5 6 Termination/Breach of Contract 5. Remuneration / Pre-exam 5 1 Consideration / Fees 6. Types of Service / Listing Contracts Pre-exam 5 1 Real Property Ownership/Interest Course Level Section Units Lessons Rights of Ownership Pre-exam 1 1 6 Types of Ownership (estates in land) 1. Joint Tenancy Pre-exam 1. Tenancy in Common Pre-exam 1. Trusts Pre-exam 1. Condominiums Pre-exam 1 Leasehold Interest 1. Basic Concepts and Pre-exam 1 1- Terminology. Types of Leases Pre-exam 1. Basic Elements and Pre-exam 1 Provisions of Leases. Rights and Duties of the Pre-exam 1 1- Parties 5. Remedies for Default / Non-Performance Pre-exam 1
Forms of Business Ownership 1. Sole Proprietorship Pre-exam 1 5. Corporation Pre-exam 1 5. General or Limited Pre-exam 1 5 Partnership. LLC Pre-exam 1 5 Private Restrictions on Real Property/Land Use and Matters Affecting Ownership 1. Liens Pre-exam 1 1- a. Voluntary Pre-exam 1 b. Involuntary Pre-exam 1 c. Priority Pre-exam 1. Easements / Rights of Way Pre-exam 1-5 / Licenses. Preexisting Leases Pre-exam. Encroachment Pre-exam 1 1 5. Deed Conditions, Pre-exam - Covenants, and Restrictions 6. Property Owner Pre-exam Associations Government Powers and Control of Land Use 1. Americans with Disabilities Pre-exam 1 Act (ADA). Land Use Restrictions and Pre-exam -5 Regulations (i.e., zoning). Property Taxation Pre-exam 1. Subdivision / Planned Unit Pre-exam 6 Regulations (e.g., condominiums, cooperatives, planned unit developments) Finance Course Level Section Units Lessons Basic Concepts and Terminology 1. Equity Pre-exam 6 1. Loan-to-Value Ratio Pre-exam 6 1. Term and Payment Pre-exam 6 1 1 1. Principal and Interest Pre-exam 6 1 1 1 5. Direct and Indirect Costs Pre-exam 6 1 5 (points, discounts) 6. Return on Investment / Pre-exam 6 1 5 Rate of Return Methods of Financing
1. Government Programs Pre-exam 6 1 1 (e.g., FHA, VA). Conventional Pre-exam 6 1 1. Owner-financed Pre-exam 6 1 1. Land Contract / Contract Pre-exam 6 1 1 for Deed Financing Instruments (Mortgages, Pre-exam 6 1 1 Trust Deeds, Promissory Notes) 1. Basic Elements and Pre-exam 6 1 1 Provisions of Financing Instruments. Legal Principles Pre-exam 6 1 1-. Non-Performance (e.g., Pre-exam 6 1 foreclosure, default) Government Oversight 1. RESPA Pre-exam 6 1. Regulation Z Pre-exam 6 1. Truth-in-Lending Act Pre-exam 6 1. Antitrust Pre-exam 6 5. Mortgage Fraud Pre-exam 6 1-6. Equal Credit Opportunity Pre-exam 6 Act 7. Dodd-Frank Act (TILA- Pre-exam 6 1 RESPA Integrated Disclosure (TRID) rule) Lending Process 1. Pre-approval and Prequalification (e.g., debt ratios, credit scoring, and history) Pre-exam 6 1 1 1-. Parties to the Lending Process (e.g., loan originator, underwriter, mortgage broker) Pre-exam 6 1 1. Short Sale Pre-exam 6 1 Real Property Course Level Section Units Lessons Methods of Legal Description of Land 1. Metes and Bounds Pre-exam 1 1-6. Rectangular Survey Pre-exam 1 1-6 Lot and Block Pre-exam 1 1-6 Methods of Measurement 1. Structures (space and Pre-exam 1 volume). Livable Area Pre-exam 1. Land Measurement Pre-exam 1 1-
5 Property Valuation 1. Basic Concepts and Pre-exam 1 1 All Terminology. Influences and Pre-exam 1 1 All Characteristics Affecting Value. Comparative Market Pre-exam 1 1- Analysis (performed by a real estate licensee). Broker Price Opinion Pre-exam 1-5. Real Property (e.g., fixtures Pre-exam 1 - vs. personal property, chattel) Methods of Valuation (Performed by an Appraiser) 1. Sales Comparison (Market Pre-exam 1 Data) Approach. Cost Approach Pre-exam 1. Income Analysis Approach Pre-exam 1 5. Appraisal Process / Pre-exam 1 1- Procedure Conveyance of Real Property 1. Definition of Clear Pre-exam 6 1 (Marketable) Title. Matters Affecting Title Pre-exam 6 1 5. Recordation Pre-exam 6 6-7. Title Insurance Pre-exam 6 1 5. Deeds Pre-exam 6 1-5 6. Wills Pre-exam 6 All 7. Court-Ordered Sale (e.g., Pre-exam 6 1- foreclosure) 8. Settlement Procedures (closing the transaction) Pre-exam 6 5 All Marketing Regulations (Purchase Course Level Section Units Lessons and Rental) Property Advertising Disclosures 1. Environmental Concerns Pre-exam 1 1-5 (e.g., lead-based paint; radon). Property Condition Pre-exam 1 1 1-. Material Facts Pre-exam 1 1 1- Licensee Advertising () 1. Antitrust Pre-exam 1 1-. Do-not-Call List Pre-exam 1 -. CAN-SPAM Act Pre-exam 1. Social Media and Internet Pre-exam 1 5 5
6 Fair Housing 1. Federal Fair Housing Act Pre-exam All. Protected Classes Pre-exam 1 1. Redlining Pre-exam 1-. Blockbusting Pre-exam 1-5. Steering Pre-exam 1-6. Advertising Pre-exam 5 Property Management Course Level Section Units Lessons General Principles of Property Pre-exam 1 5-6 Management Agreements Basic Provisions / Purpose / Pre-exam 1 5-6 Elements of Property Management Agreements Types of Contracts Pre-exam 1 5-6 Duties and Obligations of the Pre-exam All Parties Market Analysis and Tenant Pre-exam 6-7 Acquisition Accounts and Disbursement Pre-exam Property Maintenance and Pre-exam Improvements Real Estate Calculations Course Level Section Units Lessons Compensation, Commission, and Pre-exam -5 Fees Valuation / Market Sale Price and Pre-exam All Yields Net to Seller, Cost to Buyer (credits Pre-exam 5 & debits) Tax and Other Prorations Pre-exam Points Pre-exam 1 5 Loan-to-Value Ratios Pre-exam 1 Measurement (e.g., square Pre-exam 1 footage, acreage, volume) Property Management / Pre-exam - Investment (e.g., rate of return) State Content General Rules Course Level Section Units Lessons Definitions Pre-exam 1 1 Disputes Pre-exam 1 1 5 Licenses Course Level Section Units Lessons Applications for License Pre-exam 1 1 Qualification for, Expiration, and Pre-exam 1 1 Renewal Individual License; Business Name Pre-exam 1 6
7 Broker-Salesperson Relationship Pre-exam 1 All Salesperson License; Transfers Pre-exam 1 Denial of License Pre-exam 1 1 Application and License Fees Pre-exam 1 1 Educational Requirements Course Level Section Units Lessons Salesperson Course Pre-exam 1 1 Continuing Education Pre-exam 1 Requirements Business Conduct and Practices Course Level Section Units Lessons Improper Use of License and Office Pre-exam 1 1, All Branch Offices Pre-exam 1 1 Clerical Personnel; Pre-exam 1 1 5 Personal/Professional Assistants Advertising Pre-exam 1 1 Listings Pre-exam 5 1- All Offers Pre-exam 5 1 Licensee s Interest in Transactions Pre-exam 1 1 Earnest Money; Disputes Pre-exam 1 - Standard Forms Pre-exam 5 Commissions (must be licensee) Pre-exam 1 Agency Disclosure Pre-exam 1 5 1 Disciplinary Proceedings Course Level Section Units Lessons Complaints Pre-exam 1 Investigation Pre-exam 1 Violations Pre-exam 1 1- Action by the Commission Pre-exam 1 Action by the Administrative Pre-exam 1 Hearing Commission Penalty for Violating or Practicing Pre-exam 1 1 1, 5 without a License Computations and Closing Course Level Section Units Lessons Pre-exam All 7