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.

Give Me Access to Wisconsin Real Estate Exam Prep

90 Day Money Back Guarantee On Our Real Estate Exam Prep

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

Instant Access to All Exam Prep Materials
A 100 Percent Money-Back Guarantee that You Will Pass
90 Days of Access to the System
Committed Customer Support
All Materials Updated for 2018 Regulations

Instant Results

Instant results on each question so you know your strength's and weaknesses!

Instant Results
Works on Any Device
Easy to Use

How Our System Works



Get Access to Real Estate Prep Guide	Study and Improve on Your Weak Areas	Pass Your Exam!

Get Access to Real Estate Prep Guide

Study and Improve on Your Weak Areas

Pass Your Exam!

Wisconsin Sample Practice Real Estate Exam Questions and Answers

Wisconsin State Section

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Click on the button below to "Start" your practice exam now. Leaving the page and or closing the browser now or at any moment during the exam will reset your answers. You can always go back and retake any practice test. You can also go over your answers at any moment during the practice test by clicking "List" and picking one of the questions that interests you.

Start

Congratulations - you have completed Wisconsin State Section . You scored %%SCORE%% out of %%TOTAL%%. Your performance has been rated as %%RATING%%

Your answers are highlighted below.

Question 1

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

A	Buyer
B	Agent
C	Lessee
D	Lessor

Question 2

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

A	Premises
B	Habendum
C	acknowledgement
D	novation

Question 3

What term means "going to the state?"

A	Taxation
B	Eminent Domain
C	escheat
D	police power

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

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

A	New York
B	Indiana
C	Illinois

Question 5

Does Wisconsin have dower laws?

A	No
B	Yes

Question 6

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 interest rate on the mortgage loan has been lowered by 2% for each point charged
D	The loan does not close and the buyer owes the lender for services rendered

Question 7

An easement by prescription may establish:

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

Question 8

What tenancies does Wisconsin allow?

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

Question 9

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

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

Question 10

The Salesperson license fee costs how much?

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

Question 11

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	Convicted of a felony
D	Being authorized to accept and excessive commission.

Question 12

Does Wisconsin allow Holographic wills?

A	No
B	Yes

Question 13

Standing trees would be considered:

A	Emblements
B	Real property
C	Chattels
D	Personal Property

Question 14

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

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

Question 15

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 16

The license law is administered by:

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

Question 16 Explanation:

Pearson VUE is the board-approved vendor,

Question 17

Does Wisconsin allow reciprocity with other states?

A	No
B	Yes

Question 18

Is Wisconsin a community property state?

A	No
B	Yes

Question 19

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 20

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 give informed consent to this arrangement
C	Only when both buyer and seller have legal representation
D	In most circumstances, except when the buyer and seller are related

Question 21

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.

Question 22

Which is not necessary for a valid contract?

A	acceptance
B	due date
C	offer
D	legal object

Question 23

Does Wisconsin have homestead laws?

A	Yes
B	No

Question 24

What is a holographic will?

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