Examgenius101

0-Bedroom Dwelling - correct answerAny Residentaial dwelling in which the living area is not separated from the sleeping area. Abstract of Title - correct answera condensed history of the title to a particular piece of realestate showing, in chronological sequence, matters such as conveyances, liens, and the encumbrances which have been recorded against the title in the office of the register of deeds or other public place. Acceleration Clause - correct answerA clause within a mortgage, pe...

What rights to property come with ownership? - correct answerControl; Disposition; Quiet enjoyment; Encumber; Exclude; Possession. What form of ownership allows title to a deceased spouse's property to pass to the surviving spouse without probate? - correct answerSurvivorship marital property. A special form of joint tenancy with right of survivorship. Just for married people. What are some examples of encumbrances? - correct answerEasement; Liens; Encroachments; Property taxes and Specia...

Which of the following is NOT a protected class under the Wisconsin Fair Housing Laws? - correct answersStudent The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms where the listing firm will hold the earnest money? - correct answersThe selling licensee should have all earnest money checks paid directly to the listing firm. A purchaser drafts their WB-14 Residential ...

According to the terms of the WB-1 Residential Listing Contract, how many days does the seller have to provide a new listing firm with the former listing firm's list of protected buyers? - CORRECT ANSWERSB:Seven days What document does a seller use to convey ownership of personal property to a buyer? - CORRECT ANSWERSa bill of sale Which of the following is a CORRECT statement regarding Antitrust Laws? - CORRECT ANSWERSD:The Sherman Antitrust Act was designed to maintain and preserve busi...

Total commission = $16,000 Sale price x .08 = $16,000 A seller signs a listing contract with a firm. Who is the agent and who is the principal? - CORRECT ANSEWRSThe seller is the principal. The firm is the agent. A buyer asks a listing agent to draft an offer. The buyer does not sign a buyer agency agreement. Is the buyer a customer or a client? - CORRECT ANSEWRShe buyer is a customer. What kind of agency is a firm practicing if the firm represents just one party in the transaction? - COR...

RATED A+ The WB-11 Residential Offer to Purchase describes which of the following as the way an earnest money payment should be handled as a result of a sale involving cooperating firms? - correct answersThe selling licensee should have all earnest money checks paid directly to the listing firm... Explanation: The Earnest Money section of the offer states: "Unless otherwise agreed, earnest money shall be paid to and held in the trust account of the listing broker." An appraisal would most ...

purchase directs the buyer's licensee to make the earnest money check payable to A buyers uses a buyers licensee to draft an offer. The WB-11 residential offer to the: A. Buyers firms trust account B: selling firms trust account C: sellers account D: Listing firms trust account - correct answerslisting firms trust account Explanation: " Which of the following is the type of agency model where the firm represents just the seller in the transaction according to the terms of the li...

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 - correct answerradon 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 that the buyer gets the i...

Which type of evaluation occurs continuously throughout the teaching and learning process? A. Formative. B. Retrospective. C. Summative. D. Informative. - correct answersCorrect answer: A Formative (or concurrent) evaluation occurs continuously throughout the teaching and learning process. It includes assessing needs, process, implementation and potential outcomes. One benefit is that the nurse can adjust teaching strategies as necessary to enhance learning. Retrospective or summative evalu...

Online Course Final Exam Study Social Science Law Civil Law WRA Online Course Final Exam 7 studiers today 5.0 (1 review) In-class activity Classic Live Checkpoint Self-study activity Flashcards Learn Test Match Profile Picture Created by hpotocki Course Final Exam Share Terms in this set (140) Original 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 wo...