WRA Bundled Exams Questions and Answers Multiple Versions (2023/2024) (Complete and Accurate)

WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? The selling licensee should have all earnest money checks paid directly to th...

WRA Final Exam Review with Verified Solutions Which of the following is a duty ONLY to a client? Loyalty represents interest. Which of the following Services should NOT be performed for a buyer customer? Creating a market analyst of the property the buyer wishes to purchase. Which of the following...

Real-Estate WRA Test Questions and Answers 100% Pass radioactive gas in the air that comes from the natural breakdown of uranium in soil, rock and water is: A: Mold B: Radium C: Radon D: Meth Question 45 XXX radon A buyer wants to have the interest earned on their earnest money deposit. Which ...

WRA Online Course Final Exam Questions and Answers Rated A In the WB-1 Residential Listing Contract, who has the authority to accompany a home inspector during a home inspection? The buyer All of the following would be examples of public land use restrictions EXCEPT: A:bulk zoning B:deed condit...

WRA Practice Test Questions and Answers Already Passed A buyers uses a buyers licensee to draft an offer. The WB-11 residential offer to purchase directs the buyer's licensee to make the earnest money check payable to the: A. Buyers firms trust account B: selling firms trust account C: sellers ...

WRA - Final Exam Study Questions with Verified Solutions Which of the following is a duty owed ONLY to a client? A:Objective presentation of contract proposals B:Loyally represents interests C:Safeguard trust funds D:Disclose material adverse facts Loyally represents interests The duties owed t...

WRA Chapter 1 Quiz Latest Update (2023/2024) Already Passed What is a fiduciary? A person who is responsible for the property of another. When must a licensee inform a client about multiple representation relationships? Prior to or at the time of entering into the agency agreement. To whom does a ...

WRA Final Exam Questions with Verified Solutions The buyer, in an effort to meet the terms of the Financing Contingency found in the WB-11 Residential Offer to Purchase, delivers a notice to the seller indicating that the buyer is ready to proceed to closing. Has the buyer waived the Financing Comm...

WRA Chapter 10 Latest Update with Verified Answers Delivery A component of binding acceptance. Unenforceable Contract A contract whereby neither party can sue the other for performance. Equitable Title The right to obtain absolute ownership of a property when legal title is held in another's name...

WRA Chapter 2 Questions and Answers Graded A Fee-Splitting A fee or commission paid to an unlicensed person for performing a brokerage activity. Express Agency An agency relationship created through spoken or written words. Ready, Willing, and Able Buyer A prospective buyer of property who is lega...

WRA Chapter 6 Latest Update Graded A Pending Property A property that has an accepted offer to purchase with all the contingencies removed. Market Value The price at which a property would sell on the open market to a buyer who is not under duress, not related to the seller, is well informed about ...

WRA CHAPTER 7 LATEST UPDATE GRADED A+ Accession The right of a property owner to become entitled to all the property produces and to all that is added to it, either naturally or artificially. For example, the owner of an office building would acquire the abandoned trade fixtures of a tenant as real ...

WRA Chapter 7 Latest Update with Verified Solutions Probate Formal judicial proceedings to prove or confirm the validity of a will, to collect the assets of a decedent's estate, to pay debts and taxes, and to determine the persons to whom the remainder of the estate is to pass. Fixtures An article...

WRA Chapter 8 Latest 2024 Already Passed Easement by Prescription An easement created by adverse use of a property over a statutory period. Chain of Title Chronological record of a property's ownership. Specific Lien A claim against a piece of property. Gap Endorsement When a title company will ...