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Wisconsin Real Estate BUNDLED Exam 2023 with 100% correct answers $50.49   Add to cart

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Wisconsin Real Estate BUNDLED Exam 2023 with 100% correct answers

Wisconsin Real Esreal estate test wis. exam 2023 with 100% correct answers tate Exam 2023 with 100% correct answers

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Wisconsin Real State exam 2023 with 100% correct answers

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A seller signs a listing contract with a firm. Who is the agent and who is the principal? - correct answerThe sales person who is associated with the firm is the agent and the principal is the client. If you are the listing agent and a buyer asks you to write an offer on one of your firm's listi...

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Wisconsin Real Estate exam 2023 with 100% correct answers

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Acceleration Clause - correct answerA clause within a mortgage, permitting the lender to accelerate the amount due upon default and declare the entire balance due. Adjustable Rate Mortgage - correct answerA mortgage with a fluctuating interest rate usually limited to one adjustment each year. The...

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Wisconsin Real Estate exam 2023 with 100% correct answers

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Express Agency - correct answerAgency through a formal agreement Implied agency - correct answerDon't have a formal agreement but develop an agency agreement through one or both of the parties actions unintentionally Express or implied in Wi - correct answerExpress, must be written - a ct wil...

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Wisconsin Real Estate exam 2023 with 100% correct answers

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Client - correct answerThe person who employs an agent to perform a service on their behalf. Material Adverse Fact - correct answerAn adverse fact that a party indicates is of such significance, or that is generally recognized by a competent licensee as being of such significance to a reasonable ...

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Wisconsin real estate test exam 2023 with 100% correct answers

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Fee Simple Defeasible Estate - correct answerAn estate of inheritance that may be nullified upon the occurrence or non-occurrence of a particular event. Escheat - correct answerThe reversion of property to the state or county, as provided by state law, in cases where a decedent dies intestate and...

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Wisconsin Real Estate Sales exam 2023 with 100% correct answers

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WB-11 - correct answerResidential Offer to purchase WB-13 - correct answerVacant Land Offer to purchase WB-46 - correct answerMultiple Counter Proposal Wb-44 - correct answerCounter offer WB-41 - correct answerNotice relating to offer to purchase WB-40 - correct answerAmendment to off...

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Wisconsin Real Estate Pre-Licensing Exam 2023 with 100% correct answers

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0 - bedroom Dwelling - correct answerefficieny and dormintory. Not target housing according to HUD. Exempt from needing to include the Lead Base Paint disclosure. Abstract of Title - correct answerA condensed history of a property's title showing, in chronological sequence, matters such as conve...

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Wisconsin Real Estate License Exam 2023 with 100% correct answers

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Agency - correct answerthe 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 - correct answerAny person licensed under state law to practice real estate. Broker - correct ans...

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Wisconsin Real Estate Exam 2023 with 100% correct answers

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The foundation upon which real estate brokerage is practiced - correct answerAgency 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 - correct answerAgency Relationship A written agreement be...

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Wisconsin Real Estate Exam 2023 with 100% correct answers

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Salespeople can use which of the following forms: - correct answera form prepared and approved by the Department Which of the following are NOT considered client funds? - correct answerPromissory Notes Zoning laws may NOT be used to regulate which of the following? - correct answerThe placemen...

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Wisconsin Real Estate Exam 2023 with 100% correct answers

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A seller signs listing contract with firm. Who is the agent who is the principal? - correct answerSeller 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 agreement, how do you describe the buyer? - correct answerC...

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Wi Real-estate exam 2023 with 100% correct answers

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Which of the following is NOT typically considered client funds? - correct answerSecurity deposits collected by a property owner A buyer wants to have the interest earned on their earnest money deposit. Which of the following statements is most correct? - correct answerThe firm cannot draft an es...

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WI Real Estate exam 2023 with 100% correct answers

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Transfer Fee - correct answerRound to the nearest hundred and multiply by .003. Bundle of Rights - correct answerRights & interest of having title such as possession, control, exclusion, sell, and of enjoyment. Real Property - correct answerGoes with the property. Generally immovable. Chatt...

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WI real estate exam 2023 with 100% correct answers

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Antitrust laws - correct answerlaws that make it illegal to conspire to restrain trade or the free flow of goods and services in a marketplace Buyer agency agreement - correct answera written employment agreements that creates an agency relationship between a broker and a buyer. They buyer employ...

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WI Real Estate Sales Exam 2023 with 100% correct answers

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The listing broker is the seller's - correct answeragent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's - correct answercustomer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? - correct...

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WI Real Estate Practice Exam 2023 with 100% correct answers

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Answer: C The writ of execution is a court order instructing the officer of the court to carry out the decision of the court. It is used in a judgment where the sheriff is told to seize a debtor's property so that it can be sold to pay off a debt. - correct answerAll of the following would be cons...

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WI Real Estate Final Exam 2023 with 100% correct answers

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Salespeople can use which of the following forms: - correct answera form prepared and approved by the Department Which of the following statements is true of property held in joint tenancy? - correct answerIf a joint tenant dies, the surviving tenant or tenants receive the interest of the decease...

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WI Real Estate Exam 2023 with 100% correct answers

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Which contract is used when one party agrees to use the real estate of another in exchange for periodic payments? - correct answerA lease What is a lessor's future interest in a property called? - correct answerA reversionary interest Which of the following is not a government power? - correc...

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WI Real Estate Exam 2023 with 100% correct answers

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A promise made, usually by a buyer, to purchase a seller's property under certain terms. - correct answeroffer to purchase Up front cash or item of value from the potential buyer which indicates their intention to make good on their offer to purchase. - correct answerearnest money The right o...

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WI Real Estate Exam 2023 with 100% correct answers

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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. - correct answerRescission Uninterrupted chain of events which lead to the sale. - correct answerProcurement The broker will earn their commi...

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WI Real Estate Exam 2023 with 100% correct answers

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The seller of realty under a land contract. - correct answervendor Financing that does not give the lender the added security of a government guarantee or insurance. - correct answerconventional financing Loan programs that are either insured or guaranteed by the federal government. - correct ...

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WI Real Estate Exam 2023 with 100% correct answers

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The statute requiring all contracts which transfer an interest in real estate to be in writing, state the date, describe the property, state the terms of payment, and be signed by the party incurring the debt. - correct answerstatute of frauds A contract created between parties as evidenced by th...

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WI Real Estate Exam 2023 with 100% correct answers

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A physical or mental impairment that substantially limits one or more major life activities, a record of having such an impairment or being regarded as having such an impairment. - correct answerdisability A person's religious or spiritual beliefs and practices, or his or her denominational affi...

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WI Real Estate Exam 2023 with 100% correct answers

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A conveyance by a minor - correct answerMust be executed by an authorized guardian Adverse possession occurs if the use of the land is - correct answerActual and open The only way that an agent may sign a conveyance for another is if - correct answerThe agent has written authorization from the...

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Real Estate Wisconsin State Exam 2023

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Broker Alex, who has an agreement to list Lisa's house, finds a buyer that is ready, willing and able to purchase Lisa's home. Lisa accepts the buyer's offer, but a week later decides she doesn't really want to move and withdraws her acceptance Alex : - correct answeris entitled to collect a com...

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