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WRA Exam 2024/2025 Exam Questions and Answers | A+ Score Assured

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WRA Exam 2024/2025 Exam Questions and Answers | A+ Score Assured Any residential dwelling in which the living area is not separated from the sleeping area -

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  • March 16, 2025
  • 52
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • Real Estate
  • Real Estate

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WRA Exam 2024/2025 Exam Questions
and Answers | A+ Score Assured



Any residential dwelling in which the living area is not separated from the

sleeping area - 🧠 ANSWER ✔✔0-Bedroom Dwelling


A condensed history of a property's title showing, in chronological

sequence, matters such as conveyances, liens, and encumbrances that

have been recorded against the title in the office of the register of deeds or

other public recording place - 🧠 ANSWER ✔✔Abstract of Title


A clause within a mortgage permitting a lender to accelerate the amount

due upon default and declare the entire balance due - 🧠 ANSWER

✔✔Acceleration Clause


Acceptance occurs when all buyers and sellers have signed an identical

copy or separate but identical copies of the offer - 🧠 ANSWER

✔✔Acceptance




COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED

,The right of a property owner to become entitled to all that a property

produces and to all that is added to it, either naturally or artificially - 🧠

ANSWER ✔✔Accession


Property currently for sale - 🧠 ANSWER ✔✔Active Property


The actual knowledge a person has about the existence of a particular fact

when notice is expressly and actually given - 🧠 ANSWER ✔✔Actual Notice


Latin for according to valuation. Refers to a tax based on a property's

value, not the income of the property owner - 🧠 ANSWER ✔✔Ad Valorem


Additional material attached to and made part of a document - 🧠 ANSWER

✔✔Addenda


A loan with a fluctuating interest rate - 🧠 ANSWER ✔✔Adjustable Rate

Loan

A fee paid to a firm before any services are rendered - 🧠 ANSWER

✔✔Advance Fee


Something that significantly and adversely affects the value of a property,

significantly reduces the structural integrity of improvements to real estate,

presents a health risk to occupants of the property, or information that



COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED

,indicates that a party to a transaction is not able to or does not intend to

meet the obligations under a contract made concerning a transaction - 🧠

ANSWER ✔✔Adverse Fact


A protected class under Wisconsin fair housing laws that refers to any

person at least 18 years of age - 🧠 ANSWER ✔✔Age


A relationship in which one person acts for or represents another - 🧠

ANSWER ✔✔Agency


A person who is authorized to act on behalf of another - 🧠 ANSWER

✔✔Agent


Used to change terms of a contract - 🧠 ANSWER ✔✔Amendment


Features of a property that add value or desirability. Can be either tangible,

such as a skylight, or intangible, such as an ocean view - 🧠 ANSWER

✔✔Amenities


A federal law designed to eliminate discrimination against individuals with

disabilities by mandating equal access to jobs, public accommodations,

government services, public transportation, and telecommunications - 🧠

ANSWER ✔✔American with Disabilities Act (ADA)




COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED

, The gradual paying of a debt through systematic payments of principal and

interest over a predetermined period of time - 🧠 ANSWER ✔✔Amortization


A person's racial and ethnic background - 🧠 ANSWER ✔✔Ancestry


An addition to property by the act of joining one thing to another - 🧠

ANSWER ✔✔Annexation


The relationship of the total finance charge to the total amount to be

financed as required under the federal Truth in Lending Act - 🧠 ANSWER

✔✔Annual Percentage Rate (APR)


Future physical, economic, social, or political changes that may affect

present value of property - 🧠 ANSWER ✔✔Anticipation


Laws that make it illegal to conspire to restrain trade or the free flow of

goods and services in a market place - 🧠 ANSWER ✔✔Antitrust Laws


An estimate or opinion of value based on supportable evidence and

approved methods - 🧠 ANSWER ✔✔Appraisal


An independent person trained to provide an unbiased estimate of value for

a fee - 🧠 ANSWER ✔✔Appraiser




COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
4
STATEMENT. ALL RIGHTS RESERVED

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