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WRA Exam Questions (2/2) 2024/2025 Exam Questions and Detailed Answers | Get it 100% Correct Answers $10.99
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WRA Exam Questions (2/2) 2024/2025 Exam Questions and Detailed Answers | Get it 100% Correct Answers

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WRA Exam Questions (2/2) 2024/2025 Exam Questions and Detailed Answers | Get it 100% Correct Answers According to the terms of the WB-1 Residential Listing Contract, how many days does the seller have to provide a new listing firm with the former listing firm's list of protected buyers? -

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  • March 16, 2025
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate
  • Real Estate
avatar-seller
NinjaNerd
WRA Exam Questions (2/2) 2024/2025
Exam Questions and Detailed Answers |
Get it 100% Correct Answers



According to the terms of the WB-1 Residential Listing Contract, how many

days does the seller have to provide a new listing firm with the former

listing firm's list of protected buyers? - 🧠 ANSWER ✔✔B:Seven days


What document does a seller use to convey ownership of personal property

to a buyer? - 🧠 ANSWER ✔✔a bill of sale


Which of the following is a CORRECT statement regarding Antitrust Laws?

- 🧠 ANSWER ✔✔D:The Sherman Antitrust Act was designed to maintain

and preserve business competition.

A selling licensee can receive a commission from the: - 🧠 ANSWER

✔✔selling firm


Who of the following should NOT sign a seller's real estate condition

report? - 🧠 ANSWER ✔✔listing agent




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

, What are deed conditions? - 🧠 ANSWER ✔✔land use controls used

between *private citizens*

A borrower is obtaining a loan for $130,150. The loan is 95% of the

property's value. The interest rate on the loan is 5% after the borrower pays

two points. How much did the borrower pay for the property? - 🧠 ANSWER

✔✔D:$137,000 (explanation: $130,150 / .95 = $137,000)


What type of mortgage law is recognized in Wisconsin? - 🧠 ANSWER

✔✔lien theory


Jimmy and Sara, a married couple, are selling their primary residence. Both

Jimmy and Sara must sign all of the following EXCEPT: (and explain) - 🧠

ANSWER ✔✔the listing contract. The listing contract, unlike the other

contracts, does not require the signature of both spouses in order to be

valid. The courts have held that the party signing the contract is responsible

for the commission

Which of the following creates a multiple representation relationship? - 🧠

ANSWER ✔✔A:A buyer's licensee writes an offer for a buyer on a property

listed by the buyer's licensee's firm




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

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