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Reading Comprehension Word Problems #2

Scenario E - Q1: The same firm cannot represent me and the buyer?

Answer the following questions by using lines 112 to 129 of the WB-1 Residential Listing Contract – Exclusive Right to Sell form.

Scenario E - Q2: The same firm may represent the buyer and the seller?

Answer the following questions by using lines 112 to 129 of the WB-1 Residential Listing Contract – Exclusive Right to Sell form.

Scenario E - Q3: Multiple representation relationship without designated agency means?

Answer the following questions by using lines 112 to 129 of the WB-1 Residential Listing Contract – Exclusive Right to Sell form.

Scenario E - Q4: Which one represents that one will not put their own interests ahead of your interests and will not provide advice or opinions to other parties if doing so is contrary to your interests?

Answer the following questions by using lines 112 to 129 of the WB-1 Residential Listing Contract – Exclusive Right to Sell form.

Scenario D - Q1: What would be filled in on row 4 of the WB-1?

A seller is going to list their property for sale in Mount Pleasant, WI that will be listed on April 15th and was listed for $279,900.00. The seller loves the home and claims the village had low taxes.

 

The following was included in the WB-1 Residential Listing Contract - Exclusive Right to Sell:  

  • Sale price: $279,900.00
  • Total Commission: $16,094.25
  • Total Remaining Commission to the Listing Broker: $9,096.75
  • Term Date of the Contract:  September 30th
  • Row 113 is checked
  • Email and Fax delivery are both options
Scenario D - Q2: Approximately how many months is the listing agreement for?

A seller is going to list their property for sale in Mount Pleasant, WI that will be listed on April 15th and was listed for $279,900.00. The seller loves the home and claims the village had low taxes.

 

The following was included in the WB-1 Residential Listing Contract - Exclusive Right to Sell:  

  • Sale price: $279,900.00
  • Total Commission: $16,094.25
  • Total Remaining Commission to the Listing Broker: $9,096.75
  • Term Date of the Contract:  September 30th
  • Row 113 is checked
  • Email and Fax delivery are both options
Scenario D - Q3: What percentage is documented in rows 27 & 52?

A seller is going to list their property for sale in Mount Pleasant, WI that will be listed on April 15th and was listed for $279,900.00. The seller loves the home and claims the village had low taxes.

 

The following was included in the WB-1 Residential Listing Contract - Exclusive Right to Sell:  

  • Sale price: $279,900.00
  • Total Commission: $16,094.25
  • Total Remaining Commission to the Listing Broker: $9,096.75
  • Term Date of the Contract:  September 30th
  • Row 113 is checked
  • Email and Fax delivery are both options
Scenario D - Q4: Which rows are checked on page 6 of the WB-1?

A seller is going to list their property for sale in Mount Pleasant, WI that will be listed on April 15th and was listed for $279,900.00. The seller loves the home and claims the village had low taxes.

 

The following was included in the WB-1 Residential Listing Contract - Exclusive Right to Sell:  

  • Sale price: $279,900.00
  • Total Commission: $16,094.25
  • Total Remaining Commission to the Listing Broker: $9,096.75
  • Term Date of the Contract:  September 30th
  • Row 113 is checked
  • Email and Fax delivery are both options
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