Wra exam questions 12 - Study guides, Class notes & Summaries

WRA EXAM QUESTIONS (1/2) VERIFIED ANSWERS 100%2023/2024

WRA EXAM QUESTIONS DUE 27 SEPTEMBER 2023 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? - CORRECT 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 l...

Exam questions AND ANSWERS (1/2) WRA 2023/2024 How are the listing contract and the buyer agency agreement similar? - CORRECT ANSWER-They satisfy the minimum requirements to create a lawful agency relationship and ensure that the firm has the right to enforce its commission with a court. Housing that meets the Fair Housing Act's definition of "housing for older persons" may legally exclude: - CORRECT ANSWER-families with children A right or privilege to use a property that belongs t...