Wra exam Study guides, Class notes & Summaries

WRA Exam FINAL WITH COMPLETE 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 permitting a lender to accelerate the amount...

WRA Exam FINAL WITH COMPLETE ANSWERS!! 0-Bedroom Dwelling ANSWER : Any residential dwelling in which the living area is not separated from the sleeping area

WRA exam questions and complete answers 0-Bedroom Dwelling Abstract of Title Acceleration Clause Acceptance Accession Active Property Actual Notice Ad Valorem Addenda Adjustable Rate Loan Advance Fee Adverse Fact Age Agency Agent Amendment Amenities American with Disabilities Act (ADA) Amortization Ancestry Annexation Annual Percentage Rate (APR) Anticipation Antitrust Laws Appraisal Appraiser Approved Form Appurtenant Easement Arbitration ...

WRA FINAL EXAM QUESTIONS WITH COMPLETE ANSWERS | VERIFIED 2023/2024. 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 cla...

WRA FINAL EXAM STUDYGUIDE 2023...

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 amount due upon defaul...

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 appraisal would most likely be used in all ...

According to the terms of the WB-1 Residential Listing Contract, how many days does the seller have to provide a new listing firm with the former listing firm's list of protected buyers? - B:Seven days What document does a seller use to convey ownership of personal property to a buyer? - a bill of sale Which of the following is a CORRECT statement regarding Antitrust Laws? - D:The Sherman Antitrust Act was designed to maintain and preserve business competition. A selling licen...