Wi real estate exam - Study guides, Class notes & Summaries

WI Real Estate Exam Chapter 3 Material Questions and Answers

WI Real Estate EXAM QUESTIONS AND COMPLETE SOLUTIONS 100% VERIFIED Progression - Answer -The appraisal principle that a dilapidated property will gain value when the surrounding properties are well kept. Competition - Answer -The appraisal principle that states that two similar businesses attract more customers when within close proximity than they would separately During the appraisal process the appraiser will never adjust the price of the subject property - Answer - Highest and Be...

The Real Estate Law is found in A. The Licensing Code B. The Business and Professions Code C. The Health and Safety Code D. The Corporations Code - correct answer -B. Business and Professions Code The Real Estate Commissioner reports to a. the California Bureau of Real Estate. b. the governor. c. the Department of Housing and Urban Development. d. the legislature. - correct answer -B. the governor A salesperson owns 25% of the outstanding shares of Rollo Reality Inc and the bro...

WI Real Estate Practice Exam 2024 Questions & Answers Solved 100% Correct!!

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Federal Antitrust Law - WI Real Estate Exam

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 ANSWER All of the following would be considered an ENCUMBRANCE except: a. unpaid property taxes, b. An easement necessity, c. A writ of execution, d. A judgment Answer: A A construction lien is given as security to those who perfo...

WI Real Estate Exam Chapter 6 Material Questions and Answers

The seller of realty under a land contract. CORRECT ANSWER vendor Financing that does not give the lender the added security of a government guarantee or insurance. CORRECT ANSWER conventional financing Loan programs that are either insured or guaranteed by the federal government. CORRECT ANSWER government financing A loan program under the Department of Agriculture designed to meet the needs of low-income and moderate-income rural residents to purchase, construct, repair, or relocate a...

A conveyance by a minor CORRECT ANSWER Must be executed by an authorized guardian Adverse possession occurs if the use of the land is CORRECT ANSWER Actual and open The only way that an agent may sign a conveyance for another is if CORRECT ANSWER The agent has written authorization from the principal Wisconsin marital property types include all of the following EXCEPT CORRECT ANSWER Single property Property taxes are based on CORRECT ANSWER Assessed value If a firm wants a propert...