WRA TEST PAPER 2026/2027 QUESTIONS AND SOLUTIONS
RATED A+
✔✔A listing contract must include all of the following EXCEPT:
A: a description of the property
B: the signature of the seller
C: the term of the contract
D: the commission to be paid - ✔✔the signature of the seller
✔✔The duties to all parties include all of the following EXCEPT:
A: disclosure of material adverse facts
B: provide brokerage services with reasonable skill and care
C: negotiation
D: safeguard trust funds - ✔✔negotiation
✔✔A seller is selling a condominium. What must accompany the seller's real estate
condition report?
A: A copy of meeting minutes from the last three association meetings
B: Floor plans of neighboring condominium units
C: A condominium addendum to the real estate condition report
D: The names and phone numbers of units on either side of the seller's unit - ✔✔A
condominium addendum to the real estate condition report
✔✔A licensee is going to list a property improved with a structure. Which of the
following statements best describes a licensee's inspection duties?
A: A licensee needs to complete a reasonably competent and diligent inspection only if
requested by the parties.
B: A licensee needs to complete a reasonably competent and diligent inspection to
detect observable, material facts.
C: A licensee needs to complete a reasonably competent and diligent inspection to
detect observable, material adverse facts.
D: A licensee does not have an inspection obligation. - ✔✔A licensee needs to
complete a reasonably competent and diligent inspection to detect observable material
adverse facts
✔✔According to the terms of the Extension of Listing section of the WB-1 Residential
Listing Contract, how long is the listing contract extended for protected buyers?
A: One year
B: 15 months
C: Two years
,D: Six months - ✔✔One Year
✔✔Compare the WB-13 Vacant Land Offer to Purchase to the WB-11 Residential Offer
to Purchase. Which of the following statements is most correct?
A: The WB-13 financing contingency requires a well water and septic test whereas the
WB-11 financing contingency does not.
B: The WB-13 must have a legal description and the WB-11 does not.
C: The WB-13 includes a provision requiring the seller to provide the buyer with a
survey of the property and the WB-11 does not have any survey language.
D: The WB-13 includes a map contingency. - ✔✔The WB-13 includes a map
contingency
✔✔A licensee associated with a firm wants to place an advertisement in the local
newspaper. A licensee must use the firm's name in all advertising UNLESS:
A: the seller asks that the firm's name not be included
B: the licensee is advertising for tenants for personally owned rental property
C: the licensee also has a firm's license
D: for situations where the licensee is paying for 100% of the advertisement - ✔✔the
licensee is advertising for tenants for personally owned rental property
✔✔What term describes a debt secured by an item of personal property?
A: A real estate mortgage
B: A deed
C: A bill of sale
D: A security interest - ✔✔A security interest
✔✔Which of the following is a duty owed ONLY to a client?
A: Objective presentation of contract proposals
B: Safeguard trust funds
C: Disclose material adverse facts
D: Loyally represents interests - ✔✔loyally represents interests
✔✔Which of the following is established by the time and date a document was
recorded?
A: Chain of title
B: Marketable title
C: Quit claim
D: Priority - ✔✔Priority
✔✔A licensee is required to do all of the following EXCEPT:
, A: protect the public against fraud, misrepresentation, and unethical practices
B: assist, guide, and advise the buying or selling public
C: be knowledgeable regarding laws, public policies, and current market conditions on
real estate matters
D: have the technical knowledge, skills, or training possessed by competent third-party
inspectors and investigators of real estate and related areas - ✔✔have the technical
knowledge, skills, or training possessed by competent third-party inspectors and
investigators of real estate and related areas
✔✔According to the WB-36 Buyer Agency/Tenant Representation Agreement, a
commission is earned by the buyer firm only if the:
A: listing firm agrees to compensate the buyer's firm
B: buyer purchases the property defined in the buyer agency agreement
C: buyer acquires an interest in property or enters into an enforceable contract that is
acceptable to buyer
D: buyer's firm is directly involved in the locating and negotiating of the property the
buyer purchases - ✔✔buyer acquires an interest in property or enters into an
enforceable contract that is acceptable to buyer
✔✔A buyer may be protected under a previous firm's listing contract in all of the
following ways EXCEPT:
A: the buyer discussed the potential terms of purchasing the property directly with the
seller
B: the buyer submitted an offer to purchase
C: the buyer saw the property at an open house
D: the buyer attended an individual showing of the property - ✔✔the buyer saw the
property at an open house
✔✔The penalty for knowingly or willfully violating the federal lead-based paint disclosure
rules can be:
A: prison up to one year only
B: $11,000 fine only
C: $11,000 fine and imprisoned for up to one year, or both
D: 10-year prison sentence - ✔✔11,000 fine and imprisoned for up to one year, or both
✔✔In the WB-1 Residential Listing Contract, a seller does NOT agree to:
A: provide accurate information required in connection with the sale
B: reimburse the listing firm for all advertising if the property does not sell
C: allow a lockbox on the property
D: make the property available for showings - ✔✔reimburse the listing firm for all
advertising if the property does not sell
RATED A+
✔✔A listing contract must include all of the following EXCEPT:
A: a description of the property
B: the signature of the seller
C: the term of the contract
D: the commission to be paid - ✔✔the signature of the seller
✔✔The duties to all parties include all of the following EXCEPT:
A: disclosure of material adverse facts
B: provide brokerage services with reasonable skill and care
C: negotiation
D: safeguard trust funds - ✔✔negotiation
✔✔A seller is selling a condominium. What must accompany the seller's real estate
condition report?
A: A copy of meeting minutes from the last three association meetings
B: Floor plans of neighboring condominium units
C: A condominium addendum to the real estate condition report
D: The names and phone numbers of units on either side of the seller's unit - ✔✔A
condominium addendum to the real estate condition report
✔✔A licensee is going to list a property improved with a structure. Which of the
following statements best describes a licensee's inspection duties?
A: A licensee needs to complete a reasonably competent and diligent inspection only if
requested by the parties.
B: A licensee needs to complete a reasonably competent and diligent inspection to
detect observable, material facts.
C: A licensee needs to complete a reasonably competent and diligent inspection to
detect observable, material adverse facts.
D: A licensee does not have an inspection obligation. - ✔✔A licensee needs to
complete a reasonably competent and diligent inspection to detect observable material
adverse facts
✔✔According to the terms of the Extension of Listing section of the WB-1 Residential
Listing Contract, how long is the listing contract extended for protected buyers?
A: One year
B: 15 months
C: Two years
,D: Six months - ✔✔One Year
✔✔Compare the WB-13 Vacant Land Offer to Purchase to the WB-11 Residential Offer
to Purchase. Which of the following statements is most correct?
A: The WB-13 financing contingency requires a well water and septic test whereas the
WB-11 financing contingency does not.
B: The WB-13 must have a legal description and the WB-11 does not.
C: The WB-13 includes a provision requiring the seller to provide the buyer with a
survey of the property and the WB-11 does not have any survey language.
D: The WB-13 includes a map contingency. - ✔✔The WB-13 includes a map
contingency
✔✔A licensee associated with a firm wants to place an advertisement in the local
newspaper. A licensee must use the firm's name in all advertising UNLESS:
A: the seller asks that the firm's name not be included
B: the licensee is advertising for tenants for personally owned rental property
C: the licensee also has a firm's license
D: for situations where the licensee is paying for 100% of the advertisement - ✔✔the
licensee is advertising for tenants for personally owned rental property
✔✔What term describes a debt secured by an item of personal property?
A: A real estate mortgage
B: A deed
C: A bill of sale
D: A security interest - ✔✔A security interest
✔✔Which of the following is a duty owed ONLY to a client?
A: Objective presentation of contract proposals
B: Safeguard trust funds
C: Disclose material adverse facts
D: Loyally represents interests - ✔✔loyally represents interests
✔✔Which of the following is established by the time and date a document was
recorded?
A: Chain of title
B: Marketable title
C: Quit claim
D: Priority - ✔✔Priority
✔✔A licensee is required to do all of the following EXCEPT:
, A: protect the public against fraud, misrepresentation, and unethical practices
B: assist, guide, and advise the buying or selling public
C: be knowledgeable regarding laws, public policies, and current market conditions on
real estate matters
D: have the technical knowledge, skills, or training possessed by competent third-party
inspectors and investigators of real estate and related areas - ✔✔have the technical
knowledge, skills, or training possessed by competent third-party inspectors and
investigators of real estate and related areas
✔✔According to the WB-36 Buyer Agency/Tenant Representation Agreement, a
commission is earned by the buyer firm only if the:
A: listing firm agrees to compensate the buyer's firm
B: buyer purchases the property defined in the buyer agency agreement
C: buyer acquires an interest in property or enters into an enforceable contract that is
acceptable to buyer
D: buyer's firm is directly involved in the locating and negotiating of the property the
buyer purchases - ✔✔buyer acquires an interest in property or enters into an
enforceable contract that is acceptable to buyer
✔✔A buyer may be protected under a previous firm's listing contract in all of the
following ways EXCEPT:
A: the buyer discussed the potential terms of purchasing the property directly with the
seller
B: the buyer submitted an offer to purchase
C: the buyer saw the property at an open house
D: the buyer attended an individual showing of the property - ✔✔the buyer saw the
property at an open house
✔✔The penalty for knowingly or willfully violating the federal lead-based paint disclosure
rules can be:
A: prison up to one year only
B: $11,000 fine only
C: $11,000 fine and imprisoned for up to one year, or both
D: 10-year prison sentence - ✔✔11,000 fine and imprisoned for up to one year, or both
✔✔In the WB-1 Residential Listing Contract, a seller does NOT agree to:
A: provide accurate information required in connection with the sale
B: reimburse the listing firm for all advertising if the property does not sell
C: allow a lockbox on the property
D: make the property available for showings - ✔✔reimburse the listing firm for all
advertising if the property does not sell
