WRA Real Estate Exam 2024/2025 Exam
Questions and Corresponding Answers
with Surety of 100% Pass Mark
Agency - 🧠 ANSWER ✔✔Is the foundation upon which real estate
brokerage is practiced. Agency describes a legal and ethical relationship
between a real estate licensee and a party to a transaction. A party can be
a buyer, a seller, a landlord, or a tenant.
Licensee - 🧠 ANSWER ✔✔Is any person licensed under state law to
practice real estate. A licensee is any person licensed as a salesperson, an
individual broker. or a broker business entity.
Broker - 🧠 ANSWER ✔✔Is someone who can be included in the 5 part
definition. Negotiation, pattern of sales, shows property, or advertises
property, issues a written report of property value that is prepared for
another person that is not an appraisal.
Negotiation - 🧠 ANSWER ✔✔A broker is a person who, for another,
person, and for commision, money or other thing of value, negotaties or
offers or attempts to negotiate a sale or service.
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STATEMENT. ALL RIGHTS RESERVED
,Negotiate means to provide assistance within the scope of knowledge,
skills, and training. This includes
a) Acting as an intermediary by facilitating or participating in
communications between parties related to the parties' interests in a
transaction.
b) Completing, when requested by a party, appropriate board-approved
forms or other writings to document the party's proposal consistent with the
party's instruction.
c)Presenting to a party the proposals of other parties to the transaction and
giving the party a general explanation of the provisions of the proposal.
Just providing information or showing a property is not negotiation.
Determining when a person moves from just providing information about a
property to acting as an intermediary is not always clear.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
,Pattern of Sales - 🧠 ANSWER ✔✔Presumptive evidence that a broker's
license is required because one has participated in five sales in one year or
10 sales in five years. Ex for a builder, they would have to get their license
or hirer a brokerage to represent them.
Shows Property - 🧠 ANSWER ✔✔Shows real estate, showing real
property, does not include someone showing rental properties.
If a property owner pays someone to show the person's home to potential
buyers, the person who is showing the home needs to be licensed. If a
rental property owner hires a person to show rental properties, who they
hire does not need a license in a sense the owner can show it.
Advertises Property - 🧠 ANSWER ✔✔Promotes the sale, exchange,
purchase, option, rental or leasing of real estate, a timeshare, or a business
or its goodwill, inventory, or fixtures, whether or not the business includes
real property. This does not include publishing or disseminating verbatim
information provided by another person.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
, Issues a written report of property value - 🧠 ANSWER ✔✔A broker is a
person who issues a written report of property value that is prepared for
another person, such as a seller, and that is not an appraisal.
Exchange - 🧠 ANSWER ✔✔Sales of real property will probably make up
the largest part of a licensee's real estate practice, but licensees can also
assist parties in other transactions such as exchanges, options, and
business sales.
An exchange is a tax-planning tool for a property owner to exchange on
property for another and defer payment of the tax on the gain realized from
the transfer.
Option to Purchase - 🧠 ANSWER ✔✔An agreement to keep open, for a set
period, an offer to sell or lease real property. An option gives a buyer time
to resolve questions of financing, title, or zoning before committing to
purchase the property.
Business sale - 🧠 ANSWER ✔✔Any type of business that is for sale
including the goodwill of an existing business and all the assets. A business
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
Questions and Corresponding Answers
with Surety of 100% Pass Mark
Agency - 🧠 ANSWER ✔✔Is the foundation upon which real estate
brokerage is practiced. Agency describes a legal and ethical relationship
between a real estate licensee and a party to a transaction. A party can be
a buyer, a seller, a landlord, or a tenant.
Licensee - 🧠 ANSWER ✔✔Is any person licensed under state law to
practice real estate. A licensee is any person licensed as a salesperson, an
individual broker. or a broker business entity.
Broker - 🧠 ANSWER ✔✔Is someone who can be included in the 5 part
definition. Negotiation, pattern of sales, shows property, or advertises
property, issues a written report of property value that is prepared for
another person that is not an appraisal.
Negotiation - 🧠 ANSWER ✔✔A broker is a person who, for another,
person, and for commision, money or other thing of value, negotaties or
offers or attempts to negotiate a sale or service.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
,Negotiate means to provide assistance within the scope of knowledge,
skills, and training. This includes
a) Acting as an intermediary by facilitating or participating in
communications between parties related to the parties' interests in a
transaction.
b) Completing, when requested by a party, appropriate board-approved
forms or other writings to document the party's proposal consistent with the
party's instruction.
c)Presenting to a party the proposals of other parties to the transaction and
giving the party a general explanation of the provisions of the proposal.
Just providing information or showing a property is not negotiation.
Determining when a person moves from just providing information about a
property to acting as an intermediary is not always clear.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
,Pattern of Sales - 🧠 ANSWER ✔✔Presumptive evidence that a broker's
license is required because one has participated in five sales in one year or
10 sales in five years. Ex for a builder, they would have to get their license
or hirer a brokerage to represent them.
Shows Property - 🧠 ANSWER ✔✔Shows real estate, showing real
property, does not include someone showing rental properties.
If a property owner pays someone to show the person's home to potential
buyers, the person who is showing the home needs to be licensed. If a
rental property owner hires a person to show rental properties, who they
hire does not need a license in a sense the owner can show it.
Advertises Property - 🧠 ANSWER ✔✔Promotes the sale, exchange,
purchase, option, rental or leasing of real estate, a timeshare, or a business
or its goodwill, inventory, or fixtures, whether or not the business includes
real property. This does not include publishing or disseminating verbatim
information provided by another person.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
, Issues a written report of property value - 🧠 ANSWER ✔✔A broker is a
person who issues a written report of property value that is prepared for
another person, such as a seller, and that is not an appraisal.
Exchange - 🧠 ANSWER ✔✔Sales of real property will probably make up
the largest part of a licensee's real estate practice, but licensees can also
assist parties in other transactions such as exchanges, options, and
business sales.
An exchange is a tax-planning tool for a property owner to exchange on
property for another and defer payment of the tax on the gain realized from
the transfer.
Option to Purchase - 🧠 ANSWER ✔✔An agreement to keep open, for a set
period, an offer to sell or lease real property. An option gives a buyer time
to resolve questions of financing, title, or zoning before committing to
purchase the property.
Business sale - 🧠 ANSWER ✔✔Any type of business that is for sale
including the goodwill of an existing business and all the assets. A business
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
4
STATEMENT. ALL RIGHTS RESERVED
