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

WI Real Estate Practice Exam questions and answers latest update 2023 RATED A+.WI Real Estate Practice Exam questions and answers latest update 2023 RATED A+.

How many square feet are in an acre? correct answers 43,560 square feet How many feet in a mile? correct answers 5280 Loan to Value ratio correct answers LTV = (loan amount ÷ value) x 100 Transfer fee correct answers Transfer Fee = Purchase Price ÷ 100 x $.30 example $300,000 ÷ 100 = 3,000 x .30 = $900 Calculating Monthly Taxes correct answers Assessed value x tax rate = annual taxes ÷ 12 = monthly taxes Michael paid $385,000 for his home, which now has an assessed value of...

WI Real Estate Sales Exam Questions with 100% Correct Answers | Latest Version (2024/2025) Expert Verified | Ace the Test

A promise made, usually by a buyer, to purchase a seller's property under certain terms. correct answers offer 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 answers earnest money The right of a person to have the first opportunity either to purchase or lease real property. correct answers right of first refusal A component of binding acceptance. Delivery can occur by fax, by mail, or ...

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 ANSWER disability A person's religious or spiritual beliefs and practices, or his or her denominational affiliations. CORRECT ANSWER religion Housing constructed prior to 1978, which under the Lead Based Paint Disclosure Law, requires a Lead Based Paint Addendum included with the Offer to Purchase. The ex...

WI Real Estate Practice Exam Questions & Answers (Graded A)WI Real Estate Practice Exam Questions & Answers (Graded A)WI Real Estate Practice Exam Questions & Answers (Graded A)WI Real Estate Practice Exam Questions & Answers (Graded A) 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. - ANSWER...

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 ANSWER Rescission Uninterrupted chain of events which lead to the sale. CORRECT ANSWER Procurement The broker will earn their commission only if they procure a buyer specified in the listing contract. CORRECT ANSWER One party listing contract Authorized to conduct all of a principal's affairs within the context of one specific ...

WI Real Estate Practice Exam

WI Real Estate Sales Exam Questions and Answers

Basic Contract Law for Paralegals Chapters 1-8 Exam Questions and Answers 2024 Legality -Answer-The condition of conformity with the law; lawfulness. Usury -Answer-Charging a rate of interest that exceeds the rate permitted by law. Surrogacy Contract -Answer-A situation where a woman who "hosts" the fertilized egg of another woman in her womb or who is artificially inseminated with the sperm of a man who is in a relationship with someone else agrees to assign her parental rights to the ...