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

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 have legal representation
D	Only when both buyer and seller give informed consent to this arrangement

Question 2

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 will that has been approved by each family member.
D	a standard boiler plate will.

Question 3

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 4

Does Wisconsin allow Holographic wills?

A	No
B	Yes

Question 5

An easement by prescription may establish:

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

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 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 7

What term means "going to the state?"

A	Eminent Domain
B	escheat
C	police power
D	Taxation

Question 7 Explanation:

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

Question 8

The license law is administered by:

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

Question 8 Explanation:

Pearson VUE is the board-approved vendor,

Question 9

The Salesperson license fee costs how much?

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

Question 10

Does Wisconsin have dower laws?

A	No
B	Yes

Question 11

Does Wisconsin have homestead laws?

A	Yes
B	No

Question 12

Which is not necessary for a valid contract?

A	offer
B	acceptance
C	due date
D	legal object

Question 13

Does Wisconsin allow reciprocity with other states?

A	Yes
B	No

Question 14

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

A	Habendum
B	novation
C	acknowledgement
D	Premises

Question 15

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

A	Lessee
B	Lessor
C	Agent
D	Buyer

Question 16

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

A	Indiana
B	New York
C	Illinois

Question 17

What tenancies does Wisconsin allow?

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

Question 18

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	After the transaction is completed and funded.
D	Once the offer sheet is signed.

Question 19

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	Placing an ad claiming to be a broker when they are not.
D	Convicted of a felony

Question 20

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

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

Question 21

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	unlawful detainer action in court
D	shutoff the gas

Question 22

Is Wisconsin a community property state?

A	Yes
B	No

Question 23

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

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

Question 24

Standing trees would be considered:

A	Emblements
B	Chattels
C	Real property
D	Personal Property

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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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