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Wisconsin Real Estate Exam Questions & Answers 100% Accurate Wisconsin Real Estate Exam Questions & Answers 100% Accurate Wisconsin Real Estate Exam Questions & Answers 100% Accurate Wisconsin Real Estate Exam Questions & Answers 100% Accurate Salespeople can use which of the following forms: - ANSWER-a form prepared and approved by the Department Which of the following are NOT considered client funds? - ANSWER-Promissory Notes Zoning laws may NOT be used to regulate whic...

Wisconsin Real Estate Exam Questions & Answers 100% Accurate!Wisconsin Real Estate Exam Questions & Answers 100% Accurate!Wisconsin Real Estate Exam Questions & Answers 100% Accurate!Wisconsin Real Estate Exam Questions & Answers 100% Accurate!The foundation upon which real estate brokerage is practiced - ANSWER-Agency A legal and ethical relationship created between a real estate firm and a party to a transaction; the party may be a buyer, seller, landlord, or tenant - ANSWER-Agency Rela...

Wisconsin Real Estate License Exam Questions & Answers (Graded A)Wisconsin Real Estate License Exam Questions & Answers (Graded A)Wisconsin Real Estate License Exam Questions & Answers (Graded A)Wisconsin Real Estate License Exam Questions & Answers (Graded A)Agency - ANSWER-the foundation upon which real estate brokerage is practiced. It describes a legal and ethical relationship between a real estate firm and a party to a transaction. Licensee - ANSWER-Any person licensed under state la...

Wisconsin Real Estate Exam Prep Questions & Answers 100% CorrectWisconsin Real Estate Exam Prep Questions & Answers 100% CorrectWisconsin Real Estate Exam Prep Questions & Answers 100% CorrectWisconsin Real Estate Exam Prep Questions & Answers 100% Correct A seller signs listing contract with firm. Who is the agent who is the principal? - ANSWER-Seller is the principal, firm is the agent. If you are the listing agent and a buyer asks you to write an offer but does not sign an agency agreemen...

A way of terminating the rights of the parties under a contract whereby the parties act as if the contract never existed and forfeit their right to sue. - ANSWER Rescission Uninterrupted chain of events which lead to the sale. - ANSWER Procurement The broker will earn their commission only if they procure a buyer specified in the listing contract. - ANSWER One party listing contract Authorized to conduct all of a principal's affairs within the context of one specific contract. - ANSWER...

Express Agency - ANSWER Agency through a formal agreement Implied agency - ANSWER Don't have a formal agreement but develop an agency agreement through one or both of the parties actions unintentionally Express or implied in Wi - ANSWER Express, must be written - a ct will not uphold implied agency Ready, willing and able buyer - ANSWER Not under duress, is financially qualified, and of legal age What must an agency agreement have to be valid? (6 things) - ANSWER 1. description of p...

WB-11 - ANSWER Residential Offer to purchase WB-13 - ANSWER Vacant Land Offer to purchase WB-46 - ANSWER Multiple Counter Proposal Wb-44 - ANSWER Counter offer WB-41 - ANSWER Notice relating to offer to purchase WB-40 - ANSWER Amendment to offer to purchase Wb-14 - ANSWER Residential Condominium offer to purchase Dick and Tracy buy a house, and as such, they have to right to live in he house. This would best represent which of the following rights? - ANSWER Right of Posssesi...

A seller signs a listing contract with a firm. Who is the agent and who is the principal? ______________ - ANSWER The seller is the principal. The firm is the agent. A buyer asks a listing agent to draft an offer. The buyer does not sign a buyer agency agreement. Is the buyer a customer or a client? - ANSWER The buyer is a customer. What kind of agency is a firm practicing if the firm represents just one party in the transaction? - ANSWER Single agency When can a firm engage in multiple...

Agency - ANSWER the foundation upon which real estate brokerage is practiced. It describes a legal and ethical relationship between a real estate firm and a party to a transaction. Licensee - ANSWER Any person licensed under state law to practice real estate. Broker - ANSWER A person that, for another person, and for commission, money or other thing of value, negotiates or offers or attempts to negotiate, whether directly or indirectly. A party is negotiating when: - ANSWER 1) Acting as...

Salespeople can use which of the following forms: - ANSWER a form prepared and approved by the Department Which of the following are NOT considered client funds? - ANSWER Promissory Notes Zoning laws may NOT be used to regulate which of the following? - ANSWER The placement of interior partitions According to the WB-36 Buyer Agency/Tenant Representation Agreement, a commission is earned by the buyer firm only if the: - ANSWER buyer acquires an interest in property or enters into an enfo...