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WRA Final Exam 2024/2025 Exam Questions and Verified Answers | Already Graded A+ $10.99
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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+ 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...

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  • March 16, 2025
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate
  • Real Estate
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NinjaNerd
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
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

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