Wra final exam review Study guides, Class notes & Summaries

Which of the following is a duty ONLY to a client? - Loyalty represents interest. Which of the following Services should NOT be performed for a buyer customer? - Creating a market analyst of the property the buyer wishes to purchase. Which of the following would a buyer's broker NOT be required to disclose to their client buyer? - That the sellers are getting divorced and need to sell the house quickly. Without the written consent of supervising broker, agents have the authori...

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WRA Final Exam Review Questions and Answers. 100% Correct A buyers uses a buyers licensee to draft an offer. The WB-11 residential offer to purchase directs the buyer's licensee to make the earnest money check payable to the: A. Buyers firms trust account B: selling firms trust account C: sellers account D: Listing firms trust account - Correct answer listing firms trust account "Which of the following is the type of agency model where the firm represents just the seller in the tr...

Four condominium units are valued at $200,000; $215,000, $220,000; and $225,000. Together the annual property maintenance fees for the condominiums are $8,500. What is the total value of the units? A: $868,500 B: $465,000 C: $415,000 D: $860,000 - D: $860,000 The total value of the four condominiums is $860,000 An appraisal would most likely be used in all of the following transactions or situations EXCEPT: A: originating a mortgage or home equity loan B: subletting an apartment un...

The definition of real estate includes many elements. Which of the following items would NOT be a part of real estate? - furniture What is a lessor's future interest in a property called? - A reversionary interest Christopher and Monica are getting married. Under Wisconsin law, any real estate that either owns at the time of their marriage will remain that spouse's individual property. Property acquired by either after the wedding, except by gift or inheritance, will belong to both...

WRA Final Exam Review Questions and Answers. 100% Correct Which of the following is a duty ONLY to a client? - Correct answer Loyalty represents interest." "Which of the following Services should NOT be performed for a buyer customer? - Correct answer Creating a market analyst of the property the buyer wishes to purchase." "Which of the following would a buyer's broker NOT be required to disclose to their client buyer? - Correct answer That the sellers are getting divorced and ne...

The definition of real estate includes many elements. Which of the following items would NOT be a part of real estate? - ANSWER furniture What is a lessor's future interest in a property called? - ANSWER A reversionary interest Christopher and Monica are getting married. Under Wisconsin law, any real estate that either owns at the time of their marriage will remain that spouse's individual property. Property acquired by either after the wedding, except by gift or inheritance, will belong...

WRA Final Exam Review

WRA Final Exam Review questions and answers

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