Wra questions and answers Study guides, Class notes & Summaries

WRA Practice Test Questions and Answers Already Passed 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 listing firms trust account Explanation: " Which of the following is the type of agency model where the firm represents just the seller in the transaction ac...

Real-estate wra test Questions and Answers Latest Updated 2024

WRA Final Exam Questions and Answers

WRA Chapter 3 Questions and Answers Rated A Protected Buyers Buyers for which a listing firm has a one year extension of the listing contract. Closing (Settlement) Completion of a real estate transaction where mortgage funds are given to a buyer who exchanges them with a seller for legal title to the property. Excluded Properties Properties that are excluded from a buyer agency agreement by the buyer. For a buyer's firm to receive money from the seller, the buyer must consent. True Explanat...

WRA Pre Exam Review 166 questions and answers complete material guide

WRA EXAM Questions And Verified Correct Answers The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? - ANSWER : The selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of th...

WRA Exam Questions and Answers 100% Pass 0-Bedroom Dwelling Any residential dwelling in which the living area is not separated from the sleeping area Abstract of Title A condensed history of a property's title showing, in chronological sequence, matters such as conveyances, liens, and encumbrances that have been recorded against the title in the office of the register of deeds or other public recording place Acceleration Clause A clause within a mortgage permitting a lender to accelerate the ...

WRA Practice Test Questions and Answers 2024.

Real-Estate WRA Test Questions and Answers 100% Pass radioactive gas in the air that comes from the natural breakdown of uranium in soil, rock and water is: A: Mold B: Radium C: Radon D: Meth Question 45 XXX radon A buyer wants to have the interest earned on their earnest money deposit. Which of the following statements is most correct? A: The broker cannot draft an escrow agreement for the buyer and seller B: The broker can give the interest to the buyer if the offer to purchase states ...