Wra chapter 3 - Study guides, Class notes & Summaries

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 Chapter 3 Questions with verified solutions | Already Passed

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 Explanation: The buyer may request, as a condition...

WRA Chapter 3 Questions with verified solutions | Already Passed

WRA Chapter 3 Quiz with Complete Solutions What authority does a listing licensee have under the WB-1? Sign the listing on the listing firm's behalf. Whose employment terms are governed by a listing agreement? The listing firm. What must a valid listing contract include? A description of the property. Which statement is true of the extension of the listing provision in the WB-1 Residential Listing Contract? Buyers who negotiate directly with sellers are automatically protected buyers for the...

WRA Chapter 3 Quiz

WRA Chapter 3 Quiz with verified solutions | Already Passed

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 Explanation: The buyer may request, as a condition...

What authority does a listing licensee have under the WB-1? Sign the listing on the listing firm's behalf. Whose employment terms are governed by a listing agreement? The listing firm. What must a valid listing contract include? A description of the property. Which statement is true of the extension of the listing provision in the WB-1 Residential Listing Contract? Buyers who negotiate directly with sellers are automatically protected buyers for the listing firm. A home is listed for $10...

WRA Chapter 3 Quiz. Questions & answers with Complete solutions | Latest edition