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.

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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

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

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

Question 2

What term means "going to the state?"

A	Taxation
B	police power
C	Eminent Domain
D	escheat

Question 2 Explanation:

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

Question 3

What tenancies does Wisconsin allow?

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

Question 4

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

A	Premises
B	novation
C	acknowledgement
D	Habendum

Question 5

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

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

Question 6

The Salesperson license fee costs how much?

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

Question 7

Which is not necessary for a valid contract?

A	due date
B	legal object
C	offer
D	acceptance

Question 8

Does Wisconsin allow Holographic wills?

A	Yes
B	No

Question 9

What is homestead protection?

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

Question 10

An easement by prescription may establish:

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

Question 11

Does Wisconsin allow reciprocity with other states?

A	Yes
B	No

Question 12

The license law is administered by:

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

Question 12 Explanation:

Pearson VUE is the board-approved vendor,

Question 13

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

A	Buyer
B	Lessee
C	Lessor
D	Agent

Question 14

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

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

Question 15

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

A	Indiana
B	New York
C	Illinois

Question 16

Is Wisconsin a community property state?

A	No
B	Yes

Question 17

Does Wisconsin have dower laws?

A	No
B	Yes

Question 18

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

Question 19

Standing trees would be considered:

A	Emblements
B	Chattels
C	Real property
D	Personal Property

Question 20

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

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

Question 21

Does Wisconsin have homestead laws?

A	Yes
B	No

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	In most circumstances, except when the buyer and seller are related
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	Only when both buyer and seller have legal representation

Question 23

What is a holographic will?

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

Question 24

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

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

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Wisconsin Real Estate Exam Prep

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Wisconsin Sample Practice Real Estate Exam Questions and Answers

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