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

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.

Question 2

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

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

Question 3

The Salesperson license fee costs how much?

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

Question 4

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

Question 5

What is homestead protection?

A	Net cash remaining to investor after sale of investment property
B	Gradual subsidence of waters, leaving dry land
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 6

Is Wisconsin a community property state?

A	No
B	Yes

Question 7

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	Convicted of a felony
C	Being authorized to accept and excessive commission.
D	Depositing his/her clients escrow money into a personal account

Question 8

What tenancies does Wisconsin allow?

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

Question 9

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

A	Buyer
B	Agent
C	Lessor
D	Lessee

Question 10

Does Wisconsin allow Holographic wills?

A	No
B	Yes

Question 11

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

A	New York
B	Indiana
C	Illinois

Question 12

Which is not necessary for a valid contract?

A	legal object
B	acceptance
C	due date
D	offer

Question 13

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	shutoff the gas
D	shut off the power

Question 14

Does Wisconsin allow reciprocity with other states?

A	No
B	Yes

Question 15

Does Wisconsin have homestead laws?

A	Yes
B	No

Question 16

The license law is administered by:

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

Question 16 Explanation:

Pearson VUE is the board-approved vendor,

Question 17

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 18

Standing trees would be considered:

A	Personal Property
B	Real property
C	Emblements
D	Chattels

Question 19

What term means "going to the state?"

A	police power
B	Eminent Domain
C	escheat
D	Taxation

Question 19 Explanation:

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

Question 20

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 21

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

A	Habendum
B	acknowledgement
C	Premises
D	novation

Question 22

Does Wisconsin have dower laws?

A	Yes
B	No

Question 23

An easement by prescription may establish:

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

Question 24

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

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

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Wisconsin Real Estate Exam Prep

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How to Become a Real Estate Agent in Wisconsin

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Wisconsin Sample Practice Real Estate Exam Questions and Answers

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