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WRA Final Exam 2024/2025 Exam Questions and Verified Answers | Already Graded A+ $11.99
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WRA Final Exam 2024/2025 Exam Questions and Verified Answers | Already Graded A+

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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? -

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  • March 16, 2025
  • 24
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • Real Estate
  • Real Estate

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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




COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
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
2
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
3
STATEMENT. ALL RIGHTS RESERVED

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