Wisconsin real state Study guides, Class notes & Summaries

Broker Alex, who has an agreement to list Lisa's house, finds a buyer that is ready, willing and able to purchase Lisa's home. Lisa accepts the buyer's offer, but a week later decides she doesn't really want to move and withdraws her acceptance Alex : correct answers is entitled to collect a commission. If a real estate company has agency agreements with both a seller and a buyer, and the buyer wants to make an offer on the seller's property, is this legal under Wisconsin license law? co...

Real Estate Wisconsin State Exam questions and answers latest review 2023 GRADED A+

Real Estate Wisconsin State Exam|94 Answered Questions

Broker Alex, who has an agreement to list Lisa's house, finds a buyer that is ready, willing and able to purchase Lisa's home. Lisa accepts the buyer's offer, but a week later decides she doesn't really want to move and withdraws her acceptance Alex : - correct answeris entitled to collect a commission. If a real estate company has agency agreements with both a seller and a buyer, and the buyer wants to make an offer on the seller's property, is this legal under Wisconsin license law? - ...

Broker Alex, who has an agreement to list Lisa's house, finds a buyer that is ready, willing and able to purchase Lisa's home. Lisa accepts the buyer's offer, but a week later decides she doesn't really want to move and withdraws her acceptance Alex : - ANSWER-is entitled to collect a commission. If a real estate company has agency agreements with both a seller and a buyer, and the buyer wants to make an offer on the seller's property, is this legal under Wisconsin license law? - ANSWER-...

Agency - ANSWER-the foundation upon which real estate brokerage is practiced. It describes a legal and ethical relationship between a real estate firm and a party to a transaction. Licensee - ANSWER-Any person licensed under state law to practice real estate. Broker - ANSWER-A person that, for another person, and for commission, money or other thing of value, negotiates or offers or attempts to negotiate, whether directly or indirectly. A party is negotiating when: - ANSWER-1) Acting as...

CONTENTS: UNIT 1 THE EVOLUTION OF ADVANCED PRACTICE Chapter 1 Advanced Practice Nursing: Doing What Has to Be Done Chapter 2 Emerging Roles of the Advanced Practice Nurse Chapter 3 Role Development: A Theoretical Perspective Chapter 4 Educational Preparation of Advanced Practice Nurses: Looking to the Future Chapter 5 Global Perspectives on Advanced Nursing Practice UNIT 2 THE PRACTICE ENVIRONMENT Chapter 6 Advanced Practice Nurses and Prescriptive Authority Chapter 7 Credentialing and ...

A seller signs listing contract with firm. Who is the agent who is the principal? - Answer Seller is the principal, firm is the agent. If you are the listing agent and a buyer asks you to write an offer but does not sign an agency agreement, how do you describe the buyer? - Answer Customer What kind of agency is the firm practicing if they represent just one party in a transaction? - Answer Single Agency When can a firm engage in multiple representation? - Answer When buyer ...

Illinois Leasing Agent License Exam Marking Scheme What is the name given to the Illinois license laws under which real estate brokers practice? - Answer -Real Estate License Act of 2000 Practicing real estate without a license, and could result in being fined up to what? - Answer -$25,000 per event. How long must real estate brokers keep records in Illinois? - Answer -5 Years. The ruling of Chicago Bar Association, et al. v. Quinlan and Tyson, Inc has to deal with what? - Answer -Pl...

An undivided share of the whole, plus "survivorship" rights (restricts inheritance to heirs of the last surviving owner)• Not available in every state - joint tenancy -Mortgage-Leases-Mechanics Liens-Private Deed Restrictions. are all known as - title encumbrances -Name grantor and grantee -Dated and signed -Consideration -Words of conveyance -Delivery -Receipt of delivery - requirements of a deed -Pay for specific improvements - a new alley, new utilities to the home, new sidewal...