WRA Final Exam 2024/2025 Exam
Questions and Verified Answers |
Already Graded A+
A tenant has vacated a property at the end of the tenant's lease term. What
is the landlord's deadline for returning a security deposit less any amounts
properly withheld? - 🧠 ANSWER ✔✔21 Days after the tenant vacates the
unit. Explanation
A landlord must return the security deposit within 21 days of the tenant
vacating the unit if the tenant vacates at the end of the tenant's lease term.
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? - 🧠 ANSWER ✔✔Buyer. Explanation
Lines 416-418 of the WB-11 Residential Offer to Purchase.
A selling licensee can receive a commission from the? - 🧠 ANSWER
✔✔Selling Firm. Explanation
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,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.
A Sales person may practice real estate for? - 🧠 ANSWER ✔✔The firm
with which the licensee is associated. Explanation
Wis. Stat. § 452.30(7) A salesperson may be associated with only one firm
at a given time. (b) A salesperson may not engage in independent real
estate practice and may engage in real estate practice only when
associated with a firm.
A Seller is selling a condominium. What must accompany the seller's real
estate condition report? - 🧠 ANSWER ✔✔A Condominium addendum to
the real estate condition report. Explanation
A seller of a condominium must provide a real estate condition report
accompanied by an addendum to the condition report and an executive
summary.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
, A licensee associated with a firm wants to place an advertisement in the
local newspaper. A licensee must use the firms name in all advertising
UNLESS: - 🧠 ANSWER ✔✔The licensee is advertising for tenants for
personally owned rental property. Explanation
Wis. Admin. Code § REEB 24.04: Except for advertisements for the rental
of real estate owned by the licensee, a licensee firm shall disclose the
firm's name as it appears on the firm's license or disclose a trade name
previously filed by the department.
At what point in the real estate transaction does a buyer receive equitable
title? - 🧠 ANSWER ✔✔When all contingencies have been removed.
Explanation
Equitable title is the right to obtain absolute ownership to property when
legal title is held in another's name. A buyer obtains equitable title after all
contingencies have been removed and they are ready to consummate the
transaction.
A two-story home has exterior wall measurements of 40 feet by 90 feet.
There is no basement. What is the total square footage of the home? - 🧠
ANSWER ✔✔7,200 Explanation
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
Questions and Verified Answers |
Already Graded A+
A tenant has vacated a property at the end of the tenant's lease term. What
is the landlord's deadline for returning a security deposit less any amounts
properly withheld? - 🧠 ANSWER ✔✔21 Days after the tenant vacates the
unit. Explanation
A landlord must return the security deposit within 21 days of the tenant
vacating the unit if the tenant vacates at the end of the tenant's lease term.
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? - 🧠 ANSWER ✔✔Buyer. Explanation
Lines 416-418 of the WB-11 Residential Offer to Purchase.
A selling licensee can receive a commission from the? - 🧠 ANSWER
✔✔Selling Firm. Explanation
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
,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.
A Sales person may practice real estate for? - 🧠 ANSWER ✔✔The firm
with which the licensee is associated. Explanation
Wis. Stat. § 452.30(7) A salesperson may be associated with only one firm
at a given time. (b) A salesperson may not engage in independent real
estate practice and may engage in real estate practice only when
associated with a firm.
A Seller is selling a condominium. What must accompany the seller's real
estate condition report? - 🧠 ANSWER ✔✔A Condominium addendum to
the real estate condition report. Explanation
A seller of a condominium must provide a real estate condition report
accompanied by an addendum to the condition report and an executive
summary.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
, A licensee associated with a firm wants to place an advertisement in the
local newspaper. A licensee must use the firms name in all advertising
UNLESS: - 🧠 ANSWER ✔✔The licensee is advertising for tenants for
personally owned rental property. Explanation
Wis. Admin. Code § REEB 24.04: Except for advertisements for the rental
of real estate owned by the licensee, a licensee firm shall disclose the
firm's name as it appears on the firm's license or disclose a trade name
previously filed by the department.
At what point in the real estate transaction does a buyer receive equitable
title? - 🧠 ANSWER ✔✔When all contingencies have been removed.
Explanation
Equitable title is the right to obtain absolute ownership to property when
legal title is held in another's name. A buyer obtains equitable title after all
contingencies have been removed and they are ready to consummate the
transaction.
A two-story home has exterior wall measurements of 40 feet by 90 feet.
There is no basement. What is the total square footage of the home? - 🧠
ANSWER ✔✔7,200 Explanation
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
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STATEMENT. ALL RIGHTS RESERVED
