WRA Practice Test 2024/2025 Exam
Questions and Answers 100%
Guaranteed Success | Already Rated A+
A buyers uses a buyers licensee to draft an offer. The WB-11 residential
offer to purchase directs the buyer's licensee to make the earnest money
check payable to the:
A. Buyers firms trust account
B: selling firms trust account
C: sellers account
D: Listing firms trust account - 🧠 ANSWER ✔✔listing firms trust account
Explanation:
"
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
,Which of the following is the type of agency model where the firm
represents just the seller in the transaction according to the terms of the
listing contract?
A: Multiple representation with designated agency
B: Implied agency
C: Single agency
D: Multiple representation without designated agency - 🧠 ANSWER
✔✔Single agency
Which of the following form of asbestos is likely to be considered the
largest health risk?
A: Deteriorating asbestos insulation wrapped around water pipes
B: Asbestos shingles found underneath fiberglass shingles
C: Asbestos floor tiles that have been covered by new vinyl flooring
D: Asbestos insulation that was friable and has been encapsulated - 🧠
ANSWER ✔✔Deteriorating asbestos insulation wrapped around water
piper
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
,.
A buyer receives an inspection report that discloses defects as defined by
the inspection contingency. Under what circumstances will buyer NOT be
able to give a Notice of Defects?
A: The seller was not aware of the defects.
B: The defects can be readily cured by seller.
C: The defects existed when seller bought the house.
D: The buyer had knowledge of the defects at the time of the offer. - 🧠
ANSWER ✔✔The buyer had knowledge of the defects at the time of the
offer
What must firms provide to their licensees?
A: A written statement of procedures under which the firm and licensees
associated with the firm shall operate with respect to transaction
documents
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
, B: Onsite supervising during normal business hours
C: An arbitration manual for alternative dispute resolution
D: Training for how to develop and grow a real estate business - 🧠
ANSWER ✔✔A written statement of procedures under which the firm and
licensees associated with the firm shall operate with respect to transaction
documents
Which of the following is the way that title appears on public records?
A: Reduction
B: Merchantable
C: Record
D: Marketable - 🧠 ANSWER ✔✔record
A licensee wishes to sell the licensee's personally owned property without
the assistance of the licensee's real estate company. At what point must
the licensee disclose the licensee's licensed status?
A: Prior to accepting the buyer's offer or counter-offer
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
4
STATEMENT. ALL RIGHTS RESERVED
Questions and Answers 100%
Guaranteed Success | Already Rated A+
A buyers uses a buyers licensee to draft an offer. The WB-11 residential
offer to purchase directs the buyer's licensee to make the earnest money
check payable to the:
A. Buyers firms trust account
B: selling firms trust account
C: sellers account
D: Listing firms trust account - 🧠 ANSWER ✔✔listing firms trust account
Explanation:
"
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
,Which of the following is the type of agency model where the firm
represents just the seller in the transaction according to the terms of the
listing contract?
A: Multiple representation with designated agency
B: Implied agency
C: Single agency
D: Multiple representation without designated agency - 🧠 ANSWER
✔✔Single agency
Which of the following form of asbestos is likely to be considered the
largest health risk?
A: Deteriorating asbestos insulation wrapped around water pipes
B: Asbestos shingles found underneath fiberglass shingles
C: Asbestos floor tiles that have been covered by new vinyl flooring
D: Asbestos insulation that was friable and has been encapsulated - 🧠
ANSWER ✔✔Deteriorating asbestos insulation wrapped around water
piper
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
,.
A buyer receives an inspection report that discloses defects as defined by
the inspection contingency. Under what circumstances will buyer NOT be
able to give a Notice of Defects?
A: The seller was not aware of the defects.
B: The defects can be readily cured by seller.
C: The defects existed when seller bought the house.
D: The buyer had knowledge of the defects at the time of the offer. - 🧠
ANSWER ✔✔The buyer had knowledge of the defects at the time of the
offer
What must firms provide to their licensees?
A: A written statement of procedures under which the firm and licensees
associated with the firm shall operate with respect to transaction
documents
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
, B: Onsite supervising during normal business hours
C: An arbitration manual for alternative dispute resolution
D: Training for how to develop and grow a real estate business - 🧠
ANSWER ✔✔A written statement of procedures under which the firm and
licensees associated with the firm shall operate with respect to transaction
documents
Which of the following is the way that title appears on public records?
A: Reduction
B: Merchantable
C: Record
D: Marketable - 🧠 ANSWER ✔✔record
A licensee wishes to sell the licensee's personally owned property without
the assistance of the licensee's real estate company. At what point must
the licensee disclose the licensee's licensed status?
A: Prior to accepting the buyer's offer or counter-offer
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
4
STATEMENT. ALL RIGHTS RESERVED
