Wra Study guides, Class notes & Summaries

This summary contains all the theory provided in the INFOMDWR course in 2022/2023. This includes elaborate description and practical examples of the concepts. This will help you preparing for the exam!

WRA EXAM QUESTIONS WITH CERTIFIED SOLUTIONS 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? 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 the listing broker." An apprais...

WRA FINAL EXAM QUESTIONS AND ANSWERS. 0-Bedroom Dwelling ANSWER : Any residential dwelling in which the living area is not separated from the sleeping area Abstract of Title ANSWER : 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 ANSWER : A clause within a mortgage permitti...

WRA FINAL EXAM QUESTIONS AND ANSWERS. 0-Bedroom Dwelling ANSWER : Any residential dwelling in which the living area is not separated from the sleeping area Abstract of Title ANSWER : 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 ANSWER : A clause within a mortgage permitti...

WRA FINAL EXAM QUESTIONS AND ANSWERS. 0-Bedroom Dwelling ANSWER : Any residential dwelling in which the living area is not separated from the sleeping area Abstract of Title ANSWER : 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 ANSWER : A clause within a mortgage permitti...

WRA EXAM QUESTIONS AND ANSWERS WITH CERTIFIED SOLUTIONS. Which of the following is a duty owed ONLY to a client? A:Objective presentation of contract proposals B:Loyally represents interests C:Safeguard trust funds D:Disclose material adverse facts - Answer Loyally represents interests The duties owed to a CLIENT include: Loyally represent the client's interest, provide information and advice on matters that are material to the client's transaction, disclose all material information, f...

WRA Final Exam Practice Questions and Answers

WRA EXAM 2024 WITH COMPLETE SOLUTIONS. 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 the listing broker." ...

WRA Practice Test (Latest) Questions & Answers Verified 100% Correct!!

WRA Glossary Exam Questions and Answers