Wisconsin Real Estate Exam Prep

WI Salesperson Practice Exam

Our Wisconsin Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Wisconsin’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

How to Become a Real Estate Agent in Wisconsin

Are you considering getting a real estate license in Wisconsin? If so, you must complete the required pre-licensure real estate classes and pass the state’s real estate test. We offer the best Wisconsin real estate study guides and sample tests for future real estate professionals. We guarantee that our students will pass the test — or they will get a full refund.

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Wisconsin Sample Practice Real Estate Exam Questions and Answers

Wisconsin State Section

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Question 1

The Salesperson license fee costs how much?

A	$50
B	$70
C	$75
D	$80

Question 2

In what circumstances, if any, can a broker in Wisconsin who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	Only when both buyer and seller have legal representation
B	None; the broker may only collect compensation from one party to a transaction
C	Only when both buyer and seller give informed consent to this arrangement
D	In most circumstances, except when the buyer and seller are related

Question 3

The license law is administered by:

A	Sam Jones
B	The Department of State
C	Pearson VUE
D	The State Real Estate Commission

Question 3 Explanation:

Pearson VUE is the board-approved vendor,

Question 4

Which of the following is not a state that participates in reciprocity?

A	Indiana
B	Illinois
C	New York

Question 5

Mortgage "discount" points only apply if which of the following conditions are met?

A	The seller has agreed to pay 1% of the closing costs
B	The interest rate on the mortgage loan has been lowered by 2% for each point charged
C	The loan does not close and the buyer owes the lender for services rendered
D	The interest rate on the mortgage loan has been lowered by 1% for each point charged

Question 6

Does Wisconsin have homestead laws?

A	No
B	Yes

Question 7

How soon can a broker receive a commission check after a closing in Wisconsin?

A	Once the offer sheet is signed.
B	After the transaction is completed and funded.
C	When the Buyer moves in.
D	Once the seller agrees to the price.

Question 8

Does Wisconsin have dower laws?

A	Yes
B	No

Question 9

Does Wisconsin allow reciprocity with other states?

A	Yes
B	No

Question 10

What term means "going to the state?"

A	Taxation
B	escheat
C	Eminent Domain
D	police power

Question 10 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 11

Does Wisconsin allow Holographic wills?

A	No
B	Yes

Question 12

Is Wisconsin a community property state?

A	No
B	Yes

Question 13

Which of the following isn't part of a deed?

A	Premises
B	Habendum
C	acknowledgement
D	novation

Question 14

What is homestead protection?

A	The estimated value that an asset will have at then end of it's useful life
B	Gradual subsidence of waters, leaving dry land
C	Net cash remaining to investor after sale of investment property
D	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.

Question 15

What tenancies does Wisconsin allow?

A	Joint tenancy
B	Tenancy by the entirety
C	Neither
D	Both

Question 16

Standing trees would be considered:

A	Real property
B	Chattels
C	Personal Property
D	Emblements

Question 17

After getting the real estate license, how often must you take Continuing Education classes?

A	9 hours every 2 years
B	18 hours every year
C	18 hours every 2 years
D	9 hours every year

Question 18

Which is not necessary for a valid contract?

A	acceptance
B	offer
C	due date
D	legal object

Question 19

An easement by prescription may establish:

A	use of property
B	a claim to title
C	homestead rights
D	who owes back taxes

Question 20

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Agent
B	Lessee
C	Lessor
D	Buyer

Question 21

Which of the following is required for an applicant to receive a Real Estate License?

A	Must have lived in the state for more than a year
B	Must be 25 or older
C	Must have a Bachelors degree
D	Must sit and pass the required exam

Question 22

Which of the following is a landlord's option for a tenant not paying the rent?

A	unlawful detainer action in court
B	shutoff the gas
C	shut off the power
D	lock the tenant out of the apartment

Question 23

What is a holographic will?

A	a will that displays in 3D
B	a will that has been approved by each family member.
C	a will and testament that has been entirely handwritten and signed by the testator.
D	a standard boiler plate will.

Question 24

Which of the following would not put a salesperson in jeopardy of losing their license in Wisconsin?

A	Placing an ad claiming to be a broker when they are not.
B	Depositing his/her clients escrow money into a personal account
C	Being authorized to accept and excessive commission.
D	Convicted of a felony