Wisconsin real state - Study guides, Class notes & Summaries

A seller signs a listing contract with a firm. Who is the agent and who is the principal? - correct answerThe sales person who is associated with the firm is the agent and the principal is the client. If you are the listing agent and a buyer asks you to write an offer on one of your firm's listings but the buyer does not sign a buyer agreement with your firm, how do you describe the buyer? - correct answerCustomer What kind of agency is a firm practicing if the firm represents just one pa...

Real Estate Wisconsin State Exam questions and answers latest review GRADED A+.Real Estate Wisconsin State Exam questions and answers latest review GRADED A+.

Real Estate Wisconsin State Exam questions and answers latest review GRADED A+Real Estate Wisconsin State Exam questions and answers latest review GRADED A+

Client - correct answerThe person who employs an agent to perform a service on their behalf. Material Adverse Fact - correct answerAn adverse fact that a party indicates is of such significance, or that is generally recognized by a competent licensee as being of such significance to a reasonable party, that it affects the party's decision to enter into a contract or the terms of a contract. Optionor - correct answerThe seller under an option contract. Selling Broker - correct answerThe...

Real Estate Wisconsin State Exam questions and answers latest review 2023/24 GRADED A+Real Estate Wisconsin State Exam questions and answers latest review 2023/24 GRADED A+

Real Estate Wisconsin State Exam Questions & Answers .(graded A+) Real Estate Wisconsin State Exam Questions & Answers .(graded A+) Real Estate Wisconsin State Exam Questions & Answers .(graded A+) Real Estate Wisconsin State Exam Questions & Answers .(graded A+) Real Estate Wisconsin State Exam Questions & Answers .(graded A+) Real Estate Wisconsin State Exam Questions & Answers .(graded A+) Real Estate Wisconsin State Exam Questions & Answers .(graded A+) Real Estat...

Wisconsin Real Estate License Exam Questions & Answers (Graded A)Wisconsin Real Estate License Exam Questions & Answers (Graded A)Wisconsin Real Estate License Exam Questions & Answers (Graded A)Wisconsin Real Estate License Exam Questions & Answers (Graded A)Agency - ANSWER-the foundation upon which real estate brokerage is practiced. It describes a legal and ethical relationship between a real estate firm and a party to a transaction. Licensee - ANSWER-Any person licensed under state la...

Real Estate Wisconsin State Exam questions and answers latest review GRADED A+.Real Estate Wisconsin State Exam questions and answers latest review GRADED A+.

Acceleration Clause - correct answerA clause within a mortgage, permitting the lender to accelerate the amount due upon default and declare the entire balance due. Adjustable Rate Mortgage - correct answerA mortgage with a fluctuating interest rate usually limited to one adjustment each year. There are a set number of maximum increases over the life of the loan, with the fluctuating rate based on a national index. Amortization - correct answerThe gradual paying of a debt through the system...

Express Agency - correct answerAgency through a formal agreement Implied agency - correct answerDon't have a formal agreement but develop an agency agreement through one or both of the parties actions unintentionally Express or implied in Wi - correct answerExpress, must be written - a ct will not uphold implied agency Ready, willing and able buyer - correct answerNot under duress, is financially qualified, and of legal age What must an agency agreement have to be valid? (6 things) ...