WRA Exam 2024/2025 Exam Questions
and Answers | A+ Score Assured
Any residential dwelling in which the living area is not separated from the
sleeping area - 🧠 ANSWER ✔✔0-Bedroom Dwelling
A condensed history of a property's title showing, in chronological
sequence, matters such as conveyances, liens, and encumbrances that
have been recorded against the title in the office of the register of deeds or
other public recording place - 🧠 ANSWER ✔✔Abstract of Title
A clause within a mortgage permitting a lender to accelerate the amount
due upon default and declare the entire balance due - 🧠 ANSWER
✔✔Acceleration Clause
Acceptance occurs when all buyers and sellers have signed an identical
copy or separate but identical copies of the offer - 🧠 ANSWER
✔✔Acceptance
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
,The right of a property owner to become entitled to all that a property
produces and to all that is added to it, either naturally or artificially - 🧠
ANSWER ✔✔Accession
Property currently for sale - 🧠 ANSWER ✔✔Active Property
The actual knowledge a person has about the existence of a particular fact
when notice is expressly and actually given - 🧠 ANSWER ✔✔Actual Notice
Latin for according to valuation. Refers to a tax based on a property's
value, not the income of the property owner - 🧠 ANSWER ✔✔Ad Valorem
Additional material attached to and made part of a document - 🧠 ANSWER
✔✔Addenda
A loan with a fluctuating interest rate - 🧠 ANSWER ✔✔Adjustable Rate
Loan
A fee paid to a firm before any services are rendered - 🧠 ANSWER
✔✔Advance Fee
Something that significantly and adversely affects the value of a property,
significantly reduces the structural integrity of improvements to real estate,
presents a health risk to occupants of the property, or information that
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
,indicates that a party to a transaction is not able to or does not intend to
meet the obligations under a contract made concerning a transaction - 🧠
ANSWER ✔✔Adverse Fact
A protected class under Wisconsin fair housing laws that refers to any
person at least 18 years of age - 🧠 ANSWER ✔✔Age
A relationship in which one person acts for or represents another - 🧠
ANSWER ✔✔Agency
A person who is authorized to act on behalf of another - 🧠 ANSWER
✔✔Agent
Used to change terms of a contract - 🧠 ANSWER ✔✔Amendment
Features of a property that add value or desirability. Can be either tangible,
such as a skylight, or intangible, such as an ocean view - 🧠 ANSWER
✔✔Amenities
A federal law designed to eliminate discrimination against individuals with
disabilities by mandating equal access to jobs, public accommodations,
government services, public transportation, and telecommunications - 🧠
ANSWER ✔✔American with Disabilities Act (ADA)
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
, The gradual paying of a debt through systematic payments of principal and
interest over a predetermined period of time - 🧠 ANSWER ✔✔Amortization
A person's racial and ethnic background - 🧠 ANSWER ✔✔Ancestry
An addition to property by the act of joining one thing to another - 🧠
ANSWER ✔✔Annexation
The relationship of the total finance charge to the total amount to be
financed as required under the federal Truth in Lending Act - 🧠 ANSWER
✔✔Annual Percentage Rate (APR)
Future physical, economic, social, or political changes that may affect
present value of property - 🧠 ANSWER ✔✔Anticipation
Laws that make it illegal to conspire to restrain trade or the free flow of
goods and services in a market place - 🧠 ANSWER ✔✔Antitrust Laws
An estimate or opinion of value based on supportable evidence and
approved methods - 🧠 ANSWER ✔✔Appraisal
An independent person trained to provide an unbiased estimate of value for
a fee - 🧠 ANSWER ✔✔Appraiser
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
4
STATEMENT. ALL RIGHTS RESERVED
and Answers | A+ Score Assured
Any residential dwelling in which the living area is not separated from the
sleeping area - 🧠 ANSWER ✔✔0-Bedroom Dwelling
A condensed history of a property's title showing, in chronological
sequence, matters such as conveyances, liens, and encumbrances that
have been recorded against the title in the office of the register of deeds or
other public recording place - 🧠 ANSWER ✔✔Abstract of Title
A clause within a mortgage permitting a lender to accelerate the amount
due upon default and declare the entire balance due - 🧠 ANSWER
✔✔Acceleration Clause
Acceptance occurs when all buyers and sellers have signed an identical
copy or separate but identical copies of the offer - 🧠 ANSWER
✔✔Acceptance
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
,The right of a property owner to become entitled to all that a property
produces and to all that is added to it, either naturally or artificially - 🧠
ANSWER ✔✔Accession
Property currently for sale - 🧠 ANSWER ✔✔Active Property
The actual knowledge a person has about the existence of a particular fact
when notice is expressly and actually given - 🧠 ANSWER ✔✔Actual Notice
Latin for according to valuation. Refers to a tax based on a property's
value, not the income of the property owner - 🧠 ANSWER ✔✔Ad Valorem
Additional material attached to and made part of a document - 🧠 ANSWER
✔✔Addenda
A loan with a fluctuating interest rate - 🧠 ANSWER ✔✔Adjustable Rate
Loan
A fee paid to a firm before any services are rendered - 🧠 ANSWER
✔✔Advance Fee
Something that significantly and adversely affects the value of a property,
significantly reduces the structural integrity of improvements to real estate,
presents a health risk to occupants of the property, or information that
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
,indicates that a party to a transaction is not able to or does not intend to
meet the obligations under a contract made concerning a transaction - 🧠
ANSWER ✔✔Adverse Fact
A protected class under Wisconsin fair housing laws that refers to any
person at least 18 years of age - 🧠 ANSWER ✔✔Age
A relationship in which one person acts for or represents another - 🧠
ANSWER ✔✔Agency
A person who is authorized to act on behalf of another - 🧠 ANSWER
✔✔Agent
Used to change terms of a contract - 🧠 ANSWER ✔✔Amendment
Features of a property that add value or desirability. Can be either tangible,
such as a skylight, or intangible, such as an ocean view - 🧠 ANSWER
✔✔Amenities
A federal law designed to eliminate discrimination against individuals with
disabilities by mandating equal access to jobs, public accommodations,
government services, public transportation, and telecommunications - 🧠
ANSWER ✔✔American with Disabilities Act (ADA)
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
, The gradual paying of a debt through systematic payments of principal and
interest over a predetermined period of time - 🧠 ANSWER ✔✔Amortization
A person's racial and ethnic background - 🧠 ANSWER ✔✔Ancestry
An addition to property by the act of joining one thing to another - 🧠
ANSWER ✔✔Annexation
The relationship of the total finance charge to the total amount to be
financed as required under the federal Truth in Lending Act - 🧠 ANSWER
✔✔Annual Percentage Rate (APR)
Future physical, economic, social, or political changes that may affect
present value of property - 🧠 ANSWER ✔✔Anticipation
Laws that make it illegal to conspire to restrain trade or the free flow of
goods and services in a market place - 🧠 ANSWER ✔✔Antitrust Laws
An estimate or opinion of value based on supportable evidence and
approved methods - 🧠 ANSWER ✔✔Appraisal
An independent person trained to provide an unbiased estimate of value for
a fee - 🧠 ANSWER ✔✔Appraiser
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
4
STATEMENT. ALL RIGHTS RESERVED
