WRA LICENSING EXAM QUESTIONS|
WITH ALREADY SOLVED CORRECTLY
ANSWERS!! | ASSURED SUCCESS
A seller signs a listing contract with a firm. Who is the agent and who is the
principal? - 🧠 ANSWER ✔✔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? - 🧠
ANSWER ✔✔he buyer is a customer.
What kind of agency is a firm practicing if the firm represents just one party
in the transaction? - 🧠 ANSWER ✔✔Single agency
When can a firm engage in multiple representation? - 🧠 ANSWER
✔✔Written consent of both parties, agency disclosure to both parties
In what kind of transactions must a firm provide agency disclosure? - 🧠
ANSWER ✔✔All transactions (residential, commercial, vacant land etc.)
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
,By when must a firm provide agency disclosure to a client? A customer? -
🧠 ANSWER ✔✔Before or at the time of entering into the agency
agreement
By when must a buyer's agent disclose the buyer agency relationship to the
seller or the listing firm? - 🧠 ANSWER ✔✔The earliest of first contact, a
showing, or any other negotiations with the seller or the listing firm.
What are a listing firm's agency disclosure obligations when working with a
customer who wants to write an offer on a duplex? What if the buyer wants
to write an offer on a commercial warehouse? - 🧠 ANSWER ✔✔Provide
agency disclosure to buyer for duplex and ask that buyer to sign the
agency disclosure because this is a 1-4 family transaction. Provide agency
disclosure to buyer for commercial warehouse but you do not have to ask
that buyer to sign because it is not a 1-4 family property.
When does a property manager need to have a real estate license? - 🧠
ANSWER ✔✔If signing or negotiating leases on behalf of the property
owner.
If a licensee is representing a family member who is writing an offer on a
property, what are the licensee's disclosure obligations? customer? - 🧠
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
,ANSWER ✔✔Disclose the relationship in writing and obtain consent of both
parties.
What are a licensee's disclosure obligations if the licensee is going to
receive a fee from referring a lawn maintenance company? What if the
licensee is a listing agent who is referring a client to a buyer's agent? - 🧠
ANSWER ✔✔For the lawn maintenance company, disclose the potential
referral fee in writing before or at the time of making the referral. Referral
fees from license to license do not need to be disclosed.
When must a licensee disclose that the licensee holds a real estate license
when selling the licensee's own home? What if the licensee is selling
commercial property owned by the licensee? - 🧠 ANSWER ✔✔The earliest
of first contact, a showing, or any other negotiations. The disclosure shall
be in writing and is the same whether selling personally owned home or
commercial property.
What tie-in arrangements are legal? - 🧠 ANSWER ✔✔Legal tie-ins
Condition the sale of vacant land owned by the licensee upon the buyer's
agreement to use a specific builder if the builder co-owns the property with
the licensee.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
, Condition the sale of vacant land owned by the licensee upon the buyer's
agreement to use a specific builder if the builder and the licensee are the
same person.
Condition the sale of vacant land owned by the license upon the buyer's
agreement to use a specific builder if the agreement to use the builder is a
legitimate effort to maintain developmental quality/ architectural uniformity
and no compensation passes from the builder to the licensee.
Who can retain an unlicensed personal assistant? Who can retain a
licensed personal assistant? - 🧠 ANSWER ✔✔Unlicensed personal
assistant - anyone. Licensed personal assistant - just the firm.
Which agency duty survives the transaction? - 🧠 ANSWER
✔✔Confidentially
What duties does a firm owe to all parties in a transaction? - 🧠 ANSWER
✔✔Duties to all parties;
Provide brokerage services to all parties honestly and fairly.
Provide brokerage services with reasonable skill and care.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
4
STATEMENT. ALL RIGHTS RESERVED
WITH ALREADY SOLVED CORRECTLY
ANSWERS!! | ASSURED SUCCESS
A seller signs a listing contract with a firm. Who is the agent and who is the
principal? - 🧠 ANSWER ✔✔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? - 🧠
ANSWER ✔✔he buyer is a customer.
What kind of agency is a firm practicing if the firm represents just one party
in the transaction? - 🧠 ANSWER ✔✔Single agency
When can a firm engage in multiple representation? - 🧠 ANSWER
✔✔Written consent of both parties, agency disclosure to both parties
In what kind of transactions must a firm provide agency disclosure? - 🧠
ANSWER ✔✔All transactions (residential, commercial, vacant land etc.)
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
,By when must a firm provide agency disclosure to a client? A customer? -
🧠 ANSWER ✔✔Before or at the time of entering into the agency
agreement
By when must a buyer's agent disclose the buyer agency relationship to the
seller or the listing firm? - 🧠 ANSWER ✔✔The earliest of first contact, a
showing, or any other negotiations with the seller or the listing firm.
What are a listing firm's agency disclosure obligations when working with a
customer who wants to write an offer on a duplex? What if the buyer wants
to write an offer on a commercial warehouse? - 🧠 ANSWER ✔✔Provide
agency disclosure to buyer for duplex and ask that buyer to sign the
agency disclosure because this is a 1-4 family transaction. Provide agency
disclosure to buyer for commercial warehouse but you do not have to ask
that buyer to sign because it is not a 1-4 family property.
When does a property manager need to have a real estate license? - 🧠
ANSWER ✔✔If signing or negotiating leases on behalf of the property
owner.
If a licensee is representing a family member who is writing an offer on a
property, what are the licensee's disclosure obligations? customer? - 🧠
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
,ANSWER ✔✔Disclose the relationship in writing and obtain consent of both
parties.
What are a licensee's disclosure obligations if the licensee is going to
receive a fee from referring a lawn maintenance company? What if the
licensee is a listing agent who is referring a client to a buyer's agent? - 🧠
ANSWER ✔✔For the lawn maintenance company, disclose the potential
referral fee in writing before or at the time of making the referral. Referral
fees from license to license do not need to be disclosed.
When must a licensee disclose that the licensee holds a real estate license
when selling the licensee's own home? What if the licensee is selling
commercial property owned by the licensee? - 🧠 ANSWER ✔✔The earliest
of first contact, a showing, or any other negotiations. The disclosure shall
be in writing and is the same whether selling personally owned home or
commercial property.
What tie-in arrangements are legal? - 🧠 ANSWER ✔✔Legal tie-ins
Condition the sale of vacant land owned by the licensee upon the buyer's
agreement to use a specific builder if the builder co-owns the property with
the licensee.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
, Condition the sale of vacant land owned by the licensee upon the buyer's
agreement to use a specific builder if the builder and the licensee are the
same person.
Condition the sale of vacant land owned by the license upon the buyer's
agreement to use a specific builder if the agreement to use the builder is a
legitimate effort to maintain developmental quality/ architectural uniformity
and no compensation passes from the builder to the licensee.
Who can retain an unlicensed personal assistant? Who can retain a
licensed personal assistant? - 🧠 ANSWER ✔✔Unlicensed personal
assistant - anyone. Licensed personal assistant - just the firm.
Which agency duty survives the transaction? - 🧠 ANSWER
✔✔Confidentially
What duties does a firm owe to all parties in a transaction? - 🧠 ANSWER
✔✔Duties to all parties;
Provide brokerage services to all parties honestly and fairly.
Provide brokerage services with reasonable skill and care.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
4
STATEMENT. ALL RIGHTS RESERVED
