WI Real Estate Sales Exam Questions & Answers. (RATED A)
The listing broker is the seller's - ANSWER-agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's - ANSWER-customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? - ANSWER-Single agency Multiple Representation may only occur if - ANSWER-there is full written consent and disclosure from all parties A broker shall provide a copy of the disclosure form to a client: - ANSWER-no later than the time of agency agreement Agency disclosure is required in what types of real estate transactions? - ANSWER-All When acting as a buyer's agent, the agency relationship must be disclosed by the earlier of: - ANSWER-first contact, showing, negotiation w/seller or listing broker What are the agency disclosure requirements, including a buyer's acknowledgment of the disclosure, for a buyer intending to purchase a duplex versus a buyer intending to purchase a commercial warehouse? - ANSWER-Give disclosure for both. Need acknowledgment for residential, not commercial. A property manager is showing a unit to a prospective tenant, In what situations would a property manager need to be licensed? - ANSWER-If signing leases on behalf of landlord.
Document information
- Uploaded on
- September 8, 2023
- Number of pages
- 11
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
