Wi real estate Study guides, Class notes & Summaries

Business Ethics - WI Real Estate Exam Questions and Answers

WI Real Estate Practice Exam Questions and Answers Already Passed 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: 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. Which of the fo...

WI Real Estate Sales Exam Marking Scheme New Update The listing broker is the seller's - Answer -agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's - Answer -customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? - Answer -Single agency Multiple Representation may only occur if - Answer -there is full written consent and disclosure from all parties A broker shall provide...

WI real estate salesperson terms & definitions Exam All Questions Marking Scheme 0-Bedroom Dwelling - Answer -any residential dwelling in which the living area isn't separated from the sleeping area Abstract of Title - Answer -condensed history of a property's title showing in chronological sequence, matters such as conveyances, liens, & encumbrances that have been recorded against the title in office of the register of deeds or other public recording place Acceleration Clause - Answe...

Disclosures - WI Real Estate Exam Questions and Answers

WI Real Estate Final Exam Material All Questions Marking Scheme Salespeople can use which of the following forms: - Answer -a form prepared and approved by the Department Which of the following statements is true of property held in joint tenancy? - Answer -If a joint tenant dies, the surviving tenant or tenants receive the interest of the deceased joint tenant When presenting an offer to a For Sale by Owner (FSBO), a buyer's licensee will present what form to the seller? - Answer -Dis...

WI Real Estate Final UPDATED Exam Questions and CORRECT Answers Salespeople can use which of the following forms: - Correct Answer- a form prepared and approved by the Department Which of the following statements is true of property held in joint tenancy? - Correct Answer- If a joint tenant dies, the surviving tenant or tenants receive the interest of the deceased joint tenant When presenting an offer to a For Sale by Owner (FSBO), a buyer's licensee will present what form to the s...

Salespeople can use which of the following forms: CORRECT ANWER a form prepared and approved by the Department Which of the following statements is true of property held in joint tenancy? CORRECT ANWER If a joint tenant dies, the surviving tenant or tenants receive the interest of the deceased joint tenant When presenting an offer to a For Sale by Owner (FSBO), a buyer's licensee will present what form to the seller? CORRECT ANWER Disclosure to Customers Which of the following is NOT t...

Fair Housing - WI Real Estate Exam Questions and Answers

Contract Law and Approved Forms - WI Real Estate Exam