Wra chapter 1 - Study guides, Class notes & Summaries

WRA Chapter 1 Exam Questions and Answers

Cooperating Firm correct answers A firm that works in conjunction with another firm in procuring a buyer for the seller's property. Fiduciary correct answers One who is placed in a position of trust and confidence, normally responsible for the money or property of another. Agency correct answers A relationship in which one person acts for or represents another. Salesperson correct answers Any individual who is associated with a firm, other than a broker or a person who is not required ...

WRA Chapter 10 Latest Update with Verified Answers Delivery A component of binding acceptance. Unenforceable Contract A contract whereby neither party can sue the other for performance. Equitable Title The right to obtain absolute ownership of a property when legal title is held in another's name. Offer to Purchase A promise made to purchase a seller's property under certain terms. Guaranteed Sale An agreement between a firm and a seller where the firm will purchase the seller's property ...

WRA Chapter 1 Questions and Answers Latest Updated 2024

WRA Chapter 1 With complete solution

Delivery A component of binding acceptance. Unenforceable Contract A contract whereby neither party can sue the other for performance. Equitable Title The right to obtain absolute ownership of a property when legal title is held in another's name. Offer to Purchase A promise made to purchase a seller's property under certain terms. Guaranteed Sale An agreement between a firm and a seller where the firm will purchase the seller's property at a predetermined price if the property does not...

WRA Chapter 10 Questions with verified solutions | Already Passed

WRA Chapter 10 Questions with verified solutions | Already Passed

WRA Chapter 1 Questions & answers with Complete solutions | Latest edition

WRA Chapter 1 Quiz Latest Update (2023/2024) Already Passed What is a fiduciary? A person who is responsible for the property of another. When must a licensee inform a client about multiple representation relationships? Prior to or at the time of entering into the agency agreement. To whom does a licensee owe the duties of providing brokerage services fairly and honestly, providing accurate market conditions, safeguarding trust funds, using reasonable skill and care, disclosure of all material...