Wisconsin Real Estate Sales Practice Exam

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Where should a buyer indicate they have reviewed the Seller's Real Estate Condition Report in the WB-11 Residential Offer to Purchase?

On line 100
On line 159
On line 200
On line 120

The correct answer is: On line 159

The correct placement for indicating that a buyer has reviewed the Seller's Real Estate Condition Report in the WB-11 Residential Offer to Purchase is found on line 159. This section specifically pertains to the buyer's acknowledgment of receipt and review of the Seller's Real Estate Condition Report, a crucial document that outlines the condition of the property being purchased. By marking this line, the buyer demonstrates that they are aware of any known issues or disclosures related to the property, which is a key aspect of informed decision-making in real estate transactions. This acknowledgment not only serves to protect the buyer by ensuring they have all relevant information but also provides a layer of transparency and legal protection for the seller regarding any disclosures made.