Wi real estate Study guides, Class notes & Summaries

A Tennessee licensee must use the "Exclusive Right to Sell" form required by the licensee's broker. According to the level of authority delegated to the agent, the usual real estate agency is a limited agency. When must the contract be in writing? John is agreeing to sell his shed to Shawn for $1,000. One disadvantage in using active listings for comparables is they provide somewhat dubious comparisons because listing prices are not selling prices. Why is it sometimes necessary to inclu...

WI Real Estate Practice Exam Questions and Answers

The listing broker is the seller's agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? Single agency Multiple Representation may only occur if there is full written consent and disclosure from all parties A broker shall provide a copy of the disclosure form to a client: no later than the time of agency agreement

WI Real Estate Licensing Exam All Questions Marking Scheme On what line does the buyer indicate they wish the seller to pay for a gap endorsement as part of the title insurance policy? - Answer -Line 400 Which of the following is NOT a protected class under the Wisconsin Fair Housing Laws? - Answer -Student The WB-11 Residential Offer to Purchase does NOT have any information at lines 557 and 558. This means that... - Answer -binding acceptance can only occur by delivery to the party, n...

WI Real Estate Practice Exam 2024 Questions & Answers Solved 100% Correct!!

Land Use Controls and Regulations - WI Real Estate Exam

The foundation upon which real estate brokerage is practiced - 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 - ANSWER Agency Relationship A written agreement between a firm and a client; the client authorizes the firm to provide brokerage services to the client - ANSWER Agency Agreement What are two agency agreements? - ANSWER Listing Agreement Buyers Agency Agreemen...

WI Real Estate Final Exam Material question and answers 2023/24 GRADED A+WI Real Estate Final Exam Material question and answers 2023/24 GRADED A+WI Real Estate Final Exam Material question and answers 2023/24 GRADED A+

The Real Estate Law is found in A. The Licensing Code B. The Business and Professions Code C. The Health and Safety Code D. The Corporations Code - correct answer -B. Business and Professions Code The Real Estate Commissioner reports to a. the California Bureau of Real Estate. b. the governor. c. the Department of Housing and Urban Development. d. the legislature. - correct answer -B. the governor A salesperson owns 25% of the outstanding shares of Rollo Reality Inc and the bro...

WI Real Estate Exam Chapter 7 Material Quiz