WRA LICENSE EXAM 2024/2025 WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
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Course
WRA LICENSE
Institution
WRA LICENSE
Buyer's Licensee
A.) tenant
B.) the licensee who takes a listing
C.) the person within the buyer's firm that produced the buyer
D.) the purchaser of realty under a land contract - Accurate AnswersC.)
Client
A.) the person who employs an event to perform a service on the clients behalf
...
WRA LICENSE EXAM 2024/2025
WRA LICENSE EXAM 2024/2025 WITH GUARANTEED ACCURATE ANSWERS |
VERIFIED
Buyer's Licensee
A.) tenant
B.) the licensee who takes a listing
C.) the person within the buyer's firm that produced the buyer
D.) the purchaser of realty under a land contract - Accurate
Answers✔✔C.)
Client
A.) the person who employs an event to perform a service on the clients
behalf
B.) a person who is authorized to conduct behalf of another
,C.) one who is authorized to conduct all of a principals affairs within the
context of an agency contract
D.) one who transfers undeveloped land into parcels ready for
construction - Accurate Answers✔✔A.)
Subagent
A.) the practice of representing either the buyer or the selling but not
both in the same transaction
B.) a firm representing a buyer with a buyer agency agreement
C.) a firm engaged by another fine to provide brokerage service in a
transaction, but that is not associated with the firm
D.) any individual who is associated with a firm, other than a broker or a
person who is not required to have a license - Accurate Answers✔✔C.)
Designated agency
A.) an agency relationship created through spoken or written words
B.) a relationship in which one person acts for or represents another
C.) a multiple representation relationship in which both the buyer and
the seller are clients of the same firm in the same transaction and each
client receives negotiation services from and an agent of the firm
D.) a firm that has entered into a buyer agency agreement with the buyer
indicating that the firm will be representing the interests of the buyer -
Accurate Answers✔✔C.)
Licensee
,A.) only a salesperson
B.) a salesperson, broker, or licensed business entity under Chapter 452
of the Wisconsin Statutes
C.) a time-share salesperson
D.) only a broker - Accurate Answers✔✔B.)
Mutual representation relationship
A.) mutual assent or agreement between the parties to a contract
regarding the substance of the contract
B.) two or more person holding title to real property who are named on
the same deed and share an undivided possession of the property
C.) a way for a seller to negotiate with multiple buyers
D.) a relationship between a firm and two or more of the firm's clients
are parties in the same transaction - Accurate Answers✔✔D.)
Single agency
A.) a classification of property ownership in Wisconsin
B.) selling one product if the buyer agrees to purchase another product
C.) the practice of representing either the buyer or the seller but not both
in the same transaction
D.) a one-sided agreement where one party makes a promise to another
and is bound by the promise - Accurate Answers✔✔C.)
Selling licensee
, A.) one who transfers undeveloped land into parcels ready for
construction
B.) the seller under an option contract
C.) a person who receives services given on behalf of and for the benefit
of a client
D.) the licensee within the selling firm who found the buyer - Accurate
Answers✔✔D.)
Customer
A.) the purchaser under an option contract
B.) borrower
C.) a promise made to purchase a seller's property under certain terms
D.) a person who receives services given on behalf of and for the benefit
of a client - Accurate Answers✔✔D.)
Option to purchase
A.) the right held by a property owner to lease, sell or will the property
away
B.) an agreement to keep open, for a set period, an offer to sell or lease
real property
C.) the rights of a government to limit private ownership of property for
the general welfare of the community
D.) a component of binding acceptance - Accurate Answers✔✔B.)
Listing licensee
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