WRA LICENSING EXAM QUESTIONS EXAM BUNDLE

The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? - The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earne...

Which of the following is a duty ONLY to a client? - Loyalty represents interest. Which of the following Services should NOT be performed for a buyer customer? - Creating a market analyst of the property the buyer wishes to purchase. Which of the following would a buyer's broker NOT be ...

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 - listing ...

radioactive gas in the air that comes from the natural breakdown of uranium in soil, rock and water is: A: Mold B: Radium C: Radon D: Meth Question 45 XXX - radon A buyer wants to have the interest earned on their earnest money deposit. Which of the following statements is most...

In the WB-1 Residential Listing Contract, who has the authority to accompany a home inspector during a home inspection? The buyer All of the following would be examples of public land use restrictions EXCEPT: A:bulk zoning B:deed conditions C:setbacks D:spot zoning deed condit...

Which of the following is a duty owed ONLY to a client? A:Objective presentation of contract proposals B:Loyally represents interests C:Safeguard trust funds D:Disclose material adverse facts - Loyally represents interests The duties owed to a CLIENT include: Loyally represent the client...

A seller signs a listing contract with a firm. Who is the agent and who is the principal? - 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? - he buyer i...

The buyer, in an effort to meet the terms of the Financing Contingency found in the WB-11 Residential Offer to Purchase, delivers a notice to the seller indicating that the buyer is ready to proceed to closing. Has the buyer waived the Financing Commitment Contingency? A:No, because the buyer does ...