Wisconsin real estate - Study guides, Class notes & Summaries

The foundation upon which real estate brokerage is practiced CORRECT ANSWER Agency A legal and ethical relationship created between a real estate firm and a party to a transaction; the party may be a buyer, seller, landlord, or tenant CORRECT ANSWER Agency Relationship A written agreement between a firm and a client; the client authorizes the firm to provide brokerage services to the client CORRECT ANSWER Agency Agreement What are two agency agreements? CORRECT ANSWER Listing Agreement ...

Fee Simple Defeasible Estate CORRECT ANSWER An estate of inheritance that may be nullified upon the occurrence or non-occurrence of a particular event. Escheat CORRECT ANSWER The reversion of property to the state or county, as provided by state law, in cases where a decedent dies intestate and there are no heirs. Freehold Estate CORRECT ANSWER An estate in land characterized by an interest in something immobile and of an indefinite duration Common Elements CORRECT ANSWER All real prope...

Wisconsin Real Estate Exam Prep (2024) Questions With Complete Solutions!!

WB-11 CORRECT ANSWER Residential Offer to purchase WB-13 CORRECT ANSWER Vacant Land Offer to purchase WB-46 CORRECT ANSWER Multiple Counter Proposal Wb-44 CORRECT ANSWER Counter offer WB-41 CORRECT ANSWER Notice relating to offer to purchase WB-40 CORRECT ANSWER Amendment to offer to purchase Wb-14 CORRECT ANSWER Residential Condominium offer to purchase Dick and Tracy buy a house, and as such, they have to right to live in he house. This would best represent which of the fo...

Wisconsin Real Estate Exam Questions and Answers 2024.

Wisconsin Real Estate Exam Prep Exam Questions and Answers 2024.

Wisconsin Real Estate Exam questions and answers 2024 100% passWisconsin Real Estate Exam questions and answers 2024 100% pass

Wisconsin Real Estate Exam Study Guide | 470 Questions with 100% Correct Answers | Verified | Latest Update 2024

A seller signs listing contract with firm. Who is the agent who is the principal? CORRECT ANSWER Seller is the principal, firm is the agent. If you are the listing agent and a buyer asks you to write an offer but does not sign an agency agreement, how do you describe the buyer? CORRECT ANSWER Customer What kind of agency is the firm practicing if they represent just one party in a transaction? CORRECT ANSWER Single Agency When can a firm engage in multiple representation? CORRECT ANSWER...

Wisconsin Real Estate Exam questions with correct answers 2024 100% CORRECT ANSWERSWisconsin Real Estate Exam questions with correct answers 2024 100% CORRECT ANSWERS