Wra real estate exam - Study guides, Class notes & Summaries

WRA EXAM 2024 WITH COMPLETE 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? - ANSWER The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." ...

WRA EXAM 2024 WITH COMPLETE 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? - ANSWER The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." ...

WRA Exam Questions and Answers 100% Pass 0-Bedroom Dwelling Any residential dwelling in which the living area is not separated from the sleeping area Abstract of Title A condensed history of a property's title showing, in chronological sequence, matters such as conveyances, liens, and encumbrances that have been recorded against the title in the office of the register of deeds or other public recording place Acceleration Clause A clause within a mortgage permitting a lender to accelerate the ...

WRA Final Exam Practice Questions With 100% Verified Answers A selling licensee can receive a commission from the: A:selling firm B:buyer C:buyer's firm D:seller - answerselling firm Wis. Stat. § 452.14(3)(f) Disciplinary proceedings shall be conducted by the board if it finds that a licensee accepted from any person except the firm with which the licensee is associated, if the licensee is associated with a firm, a commission or valuable consideration for the performance of any act s...

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 would a buyer's broker NOT be required to disclose to their client buyer? That the sellers are getting divorced and need to sell the house quickly. Without the written consent of supervising broker...

WRA EXAM Questions And Verified Correct Answers 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? - ANSWER : The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of th...

WRA Pre Exam Review Questions And Answers (Verified And Updated) What rights to property come with ownership? - answerControl; Disposition; Quiet enjoyment; Encumber; Exclude; Possession. What form of ownership allows title to a deceased spouse's property to pass to the surviving spouse without probate? - answerSurvivorship marital property. A special form of joint tenancy with right of survivorship. Just for married people. What are some examples of encumbrances? - answerEasement; Liens...

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 of the following statements is most correct? A: The broker cannot draft an escrow agreement for the buyer and seller B: The broker can give the interest to the buyer if the offer to purchase states that the buyer gets the interest C:...

Real Estate Sales Exam WRA

WRA Final Exam Practice Questions With 100% Verified Answers A selling licensee can receive a commission from the: A:selling firm B:buyer C:buyer's firm D:seller - answerselling firm Wis. Stat. § 452.14(3)(f) Disciplinary proceedings shall be conducted by the board if it finds that a licensee accepted from any person except the firm with which the licensee is associated, if the licensee is associated with a firm, a commission or valuable consideration for the performance of any act s...