100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
WRA Practice Test 2024/2025 Exam Questions and Answers 100% Guaranteed Success | Already Rated A+ $12.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. Real Estate
  4.  
  5. Real Estate

Exam (elaborations)

WRA Practice Test 2024/2025 Exam Questions and Answers 100% Guaranteed Success | Already Rated A+
 0 purchase
  • Course
  • Real Estate
  • Institution
  • Real Estate

WRA Practice Test 2024/2025 Exam Questions and Answers 100% Guaranteed Success | Already Rated A+ A buyers uses a buyers licensee to draft an offer. The WB-11 residential offer to purchase directs the buyer's licensee to make the earnest money check payable to the: A. Buyers firms trust...

[Show more]

Preview 4 out of 63  pages

Document information

  • March 16, 2025
  • 63
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • Real Estate
  • Real Estate

Seller

avatar-seller
NinjaNerd

Reviews received

Content preview

WRA Practice Test 2024/2025 Exam
Questions and Answers 100%
Guaranteed Success | Already Rated A+



A buyers uses a buyers licensee to draft an offer. The WB-11 residential

offer to purchase directs the buyer's licensee to make the earnest money

check payable to the:




A. Buyers firms trust account

B: selling firms trust account

C: sellers account


D: Listing firms trust account - 🧠 ANSWER ✔✔listing firms trust account




Explanation:

"



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

,Which of the following is the type of agency model where the firm

represents just the seller in the transaction according to the terms of the

listing contract?

A: Multiple representation with designated agency

B: Implied agency

C: Single agency

D: Multiple representation without designated agency - 🧠 ANSWER

✔✔Single agency


Which of the following form of asbestos is likely to be considered the

largest health risk?




A: Deteriorating asbestos insulation wrapped around water pipes

B: Asbestos shingles found underneath fiberglass shingles

C: Asbestos floor tiles that have been covered by new vinyl flooring

D: Asbestos insulation that was friable and has been encapsulated - 🧠

ANSWER ✔✔Deteriorating asbestos insulation wrapped around water

piper



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

,.

A buyer receives an inspection report that discloses defects as defined by

the inspection contingency. Under what circumstances will buyer NOT be

able to give a Notice of Defects?




A: The seller was not aware of the defects.

B: The defects can be readily cured by seller.

C: The defects existed when seller bought the house.

D: The buyer had knowledge of the defects at the time of the offer. - 🧠

ANSWER ✔✔The buyer had knowledge of the defects at the time of the

offer

What must firms provide to their licensees?




A: A written statement of procedures under which the firm and licensees

associated with the firm shall operate with respect to transaction

documents



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

, B: Onsite supervising during normal business hours

C: An arbitration manual for alternative dispute resolution

D: Training for how to develop and grow a real estate business - 🧠

ANSWER ✔✔A written statement of procedures under which the firm and

licensees associated with the firm shall operate with respect to transaction

documents

Which of the following is the way that title appears on public records?




A: Reduction

B: Merchantable

C: Record


D: Marketable - 🧠 ANSWER ✔✔record


A licensee wishes to sell the licensee's personally owned property without

the assistance of the licensee's real estate company. At what point must

the licensee disclose the licensee's licensed status?




A: Prior to accepting the buyer's offer or counter-offer


COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
4
STATEMENT. ALL RIGHTS RESERVED

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NinjaNerd. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

71166 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$12.49
  • (0)
Add to cart
Added