Wi real estate exam Study guides, Class notes & Summaries

WI Real Estate Exam Chapter 2 Material Exam Questions and Answers

A conveyance by a minor CORRECT ANSWER Must be executed by an authorized guardian Adverse possession occurs if the use of the land is CORRECT ANSWER Actual and open The only way that an agent may sign a conveyance for another is if CORRECT ANSWER The agent has written authorization from the principal Wisconsin marital property types include all of the following EXCEPT CORRECT ANSWER Single property Property taxes are based on CORRECT ANSWER Assessed value If a firm wants a propert...

The seller of realty under a land contract. CORRECT ANSWER vendor Financing that does not give the lender the added security of a government guarantee or insurance. CORRECT ANSWER conventional financing Loan programs that are either insured or guaranteed by the federal government. CORRECT ANSWER government financing A loan program under the Department of Agriculture designed to meet the needs of low-income and moderate-income rural residents to purchase, construct, repair, or relocate a...

WI Real Estate Exam Chapter 3 Material Questions and Answers

WI Real Estate EXAM QUESTIONS AND COMPLETE SOLUTIONS 100% VERIFIED Progression - Answer -The appraisal principle that a dilapidated property will gain value when the surrounding properties are well kept. Competition - Answer -The appraisal principle that states that two similar businesses attract more customers when within close proximity than they would separately During the appraisal process the appraiser will never adjust the price of the subject property - Answer - Highest and Be...

WI Real Estate Exam Chapter 6 Material Questions and Answers

Federal Antitrust Law - WI Real Estate Exam

Which contract is used when one party agrees to use the real estate of another in exchange for periodic payments? - correct answerA lease What is a lessor's future interest in a property called? - correct answerA reversionary interest Which of the following is not a government power? - correct answerForeclosure Which of the following is not individual property under Wisconsin's Marital Property Act? - correct answerPredetermination date property. What interest do parties transfer w...

WI Real Estate Practice Exam questions and answers latest update 2023 RATED A+

WI Real Estate Practice Exam questions and answers latest update 2023 RATED A+