Wra review questions - Study guides, Class notes & Summaries

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...

WRA Review Questions.

WRA Review Exam Questions With 100% Verified Answers A seller signs a listing contract with a firm. Who is the agent and who is the principal? - answerThe seller is the principal. The firm is the agent. A buyer asks a listing agent to draft an offer. The buyer does not sign a buyer agency agreement. Is the buyer a customer or a client? - answerThe buyer is a customer. What kind of agency is a firm practicing is the firm represents just one party in the transaction? - answerSingle agency. ...

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...

What rights to property come with ownership? : Control; 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? : Survivorship marital property. A special form of joint tenancy with right of survivorship. Just for married people. What are some examples of encumbrances? : Easement; Liens; Encroachments; Property taxes and Special assessments. What type of interest i...

A seller signs a listing contract with a firm. Who is the agent and who is the principal? : The seller is the principal. The firm is the agent. A buyer asks a listing agent to draft an offer. The buyer does not sign a buyer agency agreement. Is the buyer a customer or a client? : The buyer is a customer. What kind of agency is a firm practicing is the firm represents just one party in the transaction? : Single agency. When can a firm engage in multiple representation? : Written consen...

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, agents have the authority to do which of t...

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, agents have the authority to do w...

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...