WRA Study guides, Class notes & Summaries

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 Practice Questions With 100% Verified Answers A selling licensee can receive a commission from the: A:selling firm B:buyer C:buyer's firm D:seller - answerselling firm Wis. Stat. § 452.14(3)(f) Disciplinary proceedings shall be conducted by the board if it finds that a licensee accepted from any person except the firm with which the licensee is associated, if the licensee is associated with a firm, a commission or valuable consideration for the performance of any act s...

WRA LICENSING EXAM Questions And Answers (Verified And Updated) A seller signs a listing contract with a firm. Who is the agent and who is the principal? - answerThe 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? - answerhe buyer is a customer. What kind of agency is a firm practicing if the firm represents just one party in the transaction? - answerSingl...

WRA Real Estate Exam Questions With 100% Verified Answers Agency - answerIs the foundation upon which real estate brokerage is practiced. Agency describes a legal and ethical relationship between a real estate licensee and a party to a transaction. A party can be a buyer, a seller, a landlord, or a tenant. Licensee - answerIs any person licensed under state law to practice real estate. A licensee is any person licensed as a salesperson, an individual broker. or a broker business entity. B...

WRA Review Exam Questions With 100% Verified Answers A seller signs a listing contract with a firm. Who is the agent and who is the principal? - answerThe 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? - answerThe buyer is a customer. What kind of agency is a firm practicing is the firm represents just one party in the transaction? - answerSingle agency. ...

WRA Pre Exam Review Questions And Answers (Verified And Updated) What rights to property come with ownership? - answerControl; Disposition; Quiet enjoyment; Encumber; Exclude; Possession. What form of ownership allows title to a deceased spouse's property to pass to the surviving spouse without probate? - answerSurvivorship marital property. A special form of joint tenancy with right of survivorship. Just for married people. What are some examples of encumbrances? - answerEasement; Liens...

WRA Exam Questions with verified solutions | Already Passed

WRA Exam Questions with verified solutions | Already Passed

WRA Final Exam Review Questions with verified solutions | Already Passed

WRA Real Estate Test Questions with verified solutions | Already Passed

WRA Practice Test Questions with verified solutions | Already Passed