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

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 1 With complete solution

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...

WRA Chapter 10 Questions and Answers Latest Updated 2024

WRA Chapter 10 With complete solution