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WRA Real Estate Test Questions with verified solutions | Already Passed
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WRA Real Estate Test Questions with verified solutions | Already Passed
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WRA Real Estate Test Questionswith verified solutions | Already
Passed
Question 1
Broker Moore has a listing contract with Sarah. Nancy goes to Sarah's open house and decides she
wants to make an offer on the house. Nancy signs a Buyer Agency Agreement with Broker Moore.
Broker Moore then writes the offer to purchase. Which of the following correctly identifies the
relationship of Broker Moore to Sarah and Nancy? (Assume for this question all disclosure
obligations have been met).
A: Broker Moore has a single agency relationship with Sarah only
B: Broker Moore has a multiple representation relationship
C: Broker Moore has created an illegal relationship with Nancy and Seller
D: Broker Moore has a single agency relationship with Nancy only ✔✔B: Broker Moore has a
multiple representation relationship.
Question 2
At what point in the real estate transaction does a buyer receive equitable title?
A: At closing
B: When the offer is accepted
,C: When all contingencies have been removed
D: When binding acceptance occurs ✔✔C: When all contingencies have been removed
Question 3
A neighborhood is improved with new curbs and gutters. If the curbs and gutters were funded by
a special assessment, which home would most likely be charged the most?
A: A house with existing an curb and gutter that is damaged.
B: A house with the highest assessed value.
C: A house located in a cul-de-sac.
D: A house on a corner lot. ✔✔A house on a corner lot..
Question 4
If a licensee is asked about the existence of any known sex offenders in the area, to achieve immunity
from having to disclose this information, the licensee may:
A: Ignore the question
B: Never have immunity from such disclosures
C: All of the above
D: Provide the Department of Corrections contact information in writing ✔✔Provide the Department
of Corrections contact information in writing
,Question 5
Wisconsin recognizes which type of mortgage law?
A: Abstract theory
B: Intermediate theory
C: Title theory
D: Lien theory ✔✔Lien theory
Question 6
What section in the WB-1 Residential Listing Contract requires licensees to disclose commission to
cooperating brokers?
A: Marketing
B: Compensation to others
C: Commission
D: Extension of listing ✔✔Compensation to others
Question 7
According to the terms of the Extension of Listing section of the WB-1 Residential Listing Contract,
buyers are protected for what timeframe?
, A: One year
B: 15 months
C: 6 months
D: Two years ✔✔One year
Question 8
The brokers in town have decided not to work with a new broker who is working for a lower
interest rate. This is likely:
A: A MLS decision
B: Price fixing
C: Commission structuring
D: A group boycott ✔✔A group boycott
Question 9
Tom and Sally Smith, a married couple, are selling their primary residence. Both Tom and Sally must sign
all of the following EXCEPT?
A: The offer to purchase
B: The listing contract
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