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

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 2

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

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

Question 3

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

A	New York
B	Indiana
C	Illinois

Question 4

Does Wisconsin allow reciprocity with other states?

A	No
B	Yes

Question 5

Which is not necessary for a valid contract?

A	offer
B	legal object
C	due date
D	acceptance

Question 6

The license law is administered by:

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

Question 6 Explanation:

Pearson VUE is the board-approved vendor,

Question 7

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

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

Question 8

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

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

Question 9

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

Question 10

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 11

The Salesperson license fee costs how much?

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

Question 12

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

A	Habendum
B	novation
C	Premises
D	acknowledgement

Question 13

What tenancies does Wisconsin allow?

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

Question 14

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

A	Buyer
B	Lessor
C	Lessee
D	Agent

Question 15

What term means "going to the state?"

A	police power
B	Eminent Domain
C	Taxation
D	escheat

Question 15 Explanation:

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

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

An easement by prescription may establish:

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

Question 19

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

Question 20

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 21

Standing trees would be considered:

A	Real property
B	Chattels
C	Personal Property
D	Emblements

Question 22

Does Wisconsin allow Holographic wills?

A	Yes
B	No

Question 23

Does Wisconsin have homestead laws?

A	Yes
B	No

Question 24

What is a holographic will?

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