WRA Final Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+

A selling licensee can receive a commission from the: A:selling firm B:buyer C:buyer's firm D:seller : selling firm Wis. Stat. § 452.14(3)(f) Disciplinary proceedings shall be conducted by the board if it finds that a licensee accepted from any person except the firm with which the licensee is associated, if the licensee is associated with a firm, a commission or valuable consideration for the performance of any act specified in this chapter or as compensation for referring a person to another licensee or to any other person in connection with a transaction. Four condominium units are valued at $200,000; $215,000; $220,000; and $225,000; a total value of $860,000. The four condominiums have an annual property maintenance fee $8,500. The amount of the property maintenance fee owed by each unit is based upon the unit's value in relation to the total value of all four units; what is the monthly maintenance fee of the most expensive unit? A:$184.17 B:$2,125.00 C: $177.08 D: $708.33 2 | P a g e : $184.17 The most expensive unit is $225,000. The total value of all the units is $860,000. $225,000 / $860,000 = .2616 or 26%. The annual maintenance fee for all the units is $8,500. $8,500 x .26 = $2,210 per year for the most expensive unit. $2,210/12 months determines the monthly maintenance fee of the most expensive unit is $184.17. According to the WB-11 Residential Offer to Purchase who is responsible to pay special assessments levied against a seller's property after the date of the offer but prior to acceptance? A:Buyer B:Selling firm C:Seller D:Listing firm : Buyer