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WRA Chapter 3 Questions and Answers Rated A Protected Buyers Buyers for which a listing firm has a one year extension of the listing contract. Closing (Settlement) Completion of a real estate transaction where mortgage funds are given to a buyer who exchanges them with a seller for legal title to the property. Excluded Properties Properties that are excluded from a buyer agency agreement by the buyer. For a buyer's firm to receive money from the seller, the buyer must consent. True Explanat...

WRA Online Course Final Exam Questions and Answers Rated A In the WB-1 Residential Listing Contract, who has the authority to accompany a home inspector during a home inspection? The buyer All of the following would be examples of public land use restrictions EXCEPT: A:bulk zoning B:deed conditions C:setbacks D:spot zoning deed conditions When a depository institution remits the interest earned on a firm's interest-bearing trust account to the Department they must inform the firm of all...

WRA Exam Questions and Answers 100% Pass 0-Bedroom Dwelling Any residential dwelling in which the living area is not separated from the sleeping area Abstract of Title A condensed history of a property's title showing, in chronological sequence, matters such as conveyances, liens, and encumbrances that have been recorded against the title in the office of the register of deeds or other public recording place Acceleration Clause A clause within a mortgage permitting a lender to accelerate the ...

WRA Chapter 2 Questions and Answers Graded A Fee-Splitting A fee or commission paid to an unlicensed person for performing a brokerage activity. Express Agency An agency relationship created through spoken or written words. Ready, Willing, and Able Buyer A prospective buyer of property who is legally capable and financially able to complete the transaction. Implied Agency An agency relationship created between parties by their actions. Exclusive Agency Listing Contract An agency agreement wh...

Real-Estate WRA Test Questions and Answers 100% Pass radioactive gas in the air that comes from the natural breakdown of uranium in soil, rock and water is: A: Mold B: Radium C: Radon D: Meth Question 45 XXX radon A buyer wants to have the interest earned on their earnest money deposit. Which of the following statements is most correct? A: The broker cannot draft an escrow agreement for the buyer and seller B: The broker can give the interest to the buyer if the offer to purchase states ...

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