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 license law is administered by:

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

Question 1 Explanation:

Pearson VUE is the board-approved vendor,

Question 2

Is Wisconsin a community property state?

A	Yes
B	No

Question 3

What term means "going to the state?"

A	police power
B	Eminent Domain
C	Taxation
D	escheat

Question 3 Explanation:

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

Question 4

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

A	Lessee
B	Agent
C	Buyer
D	Lessor

Question 5

An easement by prescription may establish:

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

Question 6

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 sit and pass the required exam
D	Must have a Bachelors degree

Question 7

Does Wisconsin allow reciprocity with other states?

A	No
B	Yes

Question 8

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

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

Question 9

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

A	novation
B	Habendum
C	acknowledgement
D	Premises

Question 10

Standing trees would be considered:

A	Personal Property
B	Emblements
C	Real property
D	Chattels

Question 11

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

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

Question 12

Which is not necessary for a valid contract?

A	acceptance
B	offer
C	legal object
D	due date

Question 13

What is homestead protection?

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

Question 14

What is a holographic will?

A	a standard boiler plate will.
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 will that displays in 3D

Question 15

What tenancies does Wisconsin allow?

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

Question 16

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

A	The interest rate on the mortgage loan has been lowered by 1% for each point charged
B	The seller has agreed to pay 1% of the closing costs
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 2% for each point charged

Question 17

The Salesperson license fee costs how much?

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

Question 18

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

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

Question 19

Does Wisconsin allow Holographic wills?

A	No
B	Yes

Question 20

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

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

Question 21

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

A	New York
B	Illinois
C	Indiana

Question 22

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

Question 23

Does Wisconsin have homestead laws?

A	Yes
B	No

Question 24

Does Wisconsin have dower laws?

A	No
B	Yes

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Wisconsin Real Estate Exam Prep

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How to Become a Real Estate Agent in Wisconsin

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Wisconsin Sample Practice Real Estate Exam Questions and Answers

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