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

Standing trees would be considered:

A	Real property
B	Emblements
C	Personal Property
D	Chattels

Question 2

What term means "going to the state?"

A	Eminent Domain
B	Taxation
C	police power
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

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 be 25 or older
D	Must have lived in the state for more than a year

Question 4

What tenancies does Wisconsin allow?

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

Question 5

What is a holographic will?

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

Question 6

Does Wisconsin allow reciprocity with other states?

A	No
B	Yes

Question 7

What is homestead protection?

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

Question 8

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	Convicted of a felony
C	Depositing his/her clients escrow money into a personal account
D	Placing an ad claiming to be a broker when they are not.

Question 9

Which is not necessary for a valid contract?

A	offer
B	legal object
C	due date
D	acceptance

Question 10

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

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

Question 11

The Salesperson license fee costs how much?

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

Question 12

Does Wisconsin have homestead laws?

A	Yes
B	No

Question 13

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

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

Question 14

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

A	Habendum
B	Premises
C	novation
D	acknowledgement

Question 15

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

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 2% 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 1% for each point charged

Question 17

Does Wisconsin allow Holographic wills?

A	No
B	Yes

Question 18

Does Wisconsin have dower laws?

A	No
B	Yes

Question 19

An easement by prescription may establish:

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

Question 20

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

A	Buyer
B	Lessee
C	Agent
D	Lessor

Question 21

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

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

Question 22

Is Wisconsin a community property state?

A	Yes
B	No

Question 23

The license law is administered by:

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

Question 23 Explanation:

Pearson VUE is the board-approved vendor,

Question 24

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

A	New York
B	Indiana
C	Illinois

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Wisconsin Real Estate Exam Prep

WI Salesperson Practice Exam

How to Become a Real Estate Agent in Wisconsin

What Do I Get with the Wisconsin Real Estate Exam Prep?

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Wisconsin License Requirements

Wisconsin Reciprocal Agreements

Wisconsin Sample Practice Real Estate Exam Questions and Answers

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