WI Real Estate Sales Exam Already Passed

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WI Real Estate Sales Exam Already Passed The listing broker is the seller's ✔✔agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's ✔✔customer... When a firm is representing only one side of the transaction, the firm is practicing what type of agency? ✔✔Single agency Multiple Representation may only occur if ✔✔there is full written consent and disclosure from all parties A broker shall provide a copy of the disclosure form to a client: ✔✔no later than the time of agency agreement Agency disclosure is required in what types of real estate transactions? ✔✔All When acting as a buyer's agent, the agency relationship must be disclosed by the earlier of: ✔✔first contact, showing, negotiation w/seller or listing broker What are the agency disclosure requirements, including a buyer's acknowledgment of the disclosure, for a buyer intending to purchase a duplex versus a buyer intending to purchase a commercial warehouse? ✔✔Give disclosure for both. Need acknowledgment for residential, not commercial. A property manager is showing a unit to a prospective tenant, In what situations would a property manager need to be licensed? ✔✔If signing leases on behalf of landlord. A licensee is representing a family member in the purchase of property. At minimum, where would the licensee disclose this information to the other party? ✔✔On the offer to purchase. What types of referral fees may be paid or received without disclosure to the parties in a real estate transaction? ✔✔R.E. licensee to R.E. licensee When must a licensee, selling personally owned property, disclose to the buyer his licensed status? ✔✔First contact, first showing, negotiation [Show More]

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