WRA Final Exam 2024/2025 Exam
Questions and Verified Answers |
Already Graded A+
Which of the following statements is true of property held in joint tenancy? -
🧠 ANSWER ✔✔If a joint tenant dies, the surviving tenant or tenants receive
the interest of the deceased joint tenant
Which of the following situations requires a written earnest money
disbursement agreement prior to disbursement of funds when the earnest
money is held by the listing firm? - 🧠 ANSWER ✔✔A buyer is not able to
obtain financing
If the buyer would like the buyer's firm to be paid by the seller, the buyer: -
🧠 ANSWER ✔✔must authorize the payment of commission from seller to
buyer's firm in the buyer agency agreement
An offer is written and subsequently rejected. The buyer gave earnest
money with the offer. What would be the proper procedure to return the
earnest money? - 🧠 ANSWER ✔✔The earnest money can be returned to
the buyer.
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 offers payment for a buyer's home inspection. What is this offer
from the licensee to the buyer called? - 🧠 ANSWER ✔✔An incentive
Which of the following is NOT a duty owed to a customer? - 🧠 ANSWER
✔✔Disclosure of material facts
Which of the following real estate licensee is NOT required to ensure
compliance with the federal LBP disclosure law? - 🧠 ANSWER ✔✔A
buyer's firm paid by the buyer - This term does not apply to purchasers or
any purchaser's representative who receives all compensation from the
purchaser.
A selling agent has given the buyer information on the real estate market
and suggested a purchase price for the buyer's offer. The selling agent has
likely created what type of agency with the buyer? - 🧠 ANSWER
✔✔Implied
A property protected under the WB-36 Buyer Agency Agreement Extension
of Agreement Term is protected for how long after the expiration of the
contract? - 🧠 ANSWER ✔✔ONE YEAR
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+
Which of the following statements is true of property held in joint tenancy? -
🧠 ANSWER ✔✔If a joint tenant dies, the surviving tenant or tenants receive
the interest of the deceased joint tenant
Which of the following situations requires a written earnest money
disbursement agreement prior to disbursement of funds when the earnest
money is held by the listing firm? - 🧠 ANSWER ✔✔A buyer is not able to
obtain financing
If the buyer would like the buyer's firm to be paid by the seller, the buyer: -
🧠 ANSWER ✔✔must authorize the payment of commission from seller to
buyer's firm in the buyer agency agreement
An offer is written and subsequently rejected. The buyer gave earnest
money with the offer. What would be the proper procedure to return the
earnest money? - 🧠 ANSWER ✔✔The earnest money can be returned to
the buyer.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
, A licensee offers payment for a buyer's home inspection. What is this offer
from the licensee to the buyer called? - 🧠 ANSWER ✔✔An incentive
Which of the following is NOT a duty owed to a customer? - 🧠 ANSWER
✔✔Disclosure of material facts
Which of the following real estate licensee is NOT required to ensure
compliance with the federal LBP disclosure law? - 🧠 ANSWER ✔✔A
buyer's firm paid by the buyer - This term does not apply to purchasers or
any purchaser's representative who receives all compensation from the
purchaser.
A selling agent has given the buyer information on the real estate market
and suggested a purchase price for the buyer's offer. The selling agent has
likely created what type of agency with the buyer? - 🧠 ANSWER
✔✔Implied
A property protected under the WB-36 Buyer Agency Agreement Extension
of Agreement Term is protected for how long after the expiration of the
contract? - 🧠 ANSWER ✔✔ONE YEAR
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
