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

Mortgage "discount" points only apply if which of the following conditions are met?

A	The loan does not close and the buyer owes the lender for services rendered
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 interest rate on the mortgage loan has been lowered by 1% for each point charged

Question 2

What is homestead protection?

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

Question 3

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

A	Illinois
B	New York
C	Indiana

Question 4

What tenancies does Wisconsin allow?

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

Question 5

The license law is administered by:

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

Question 5 Explanation:

Pearson VUE is the board-approved vendor,

Question 6

Does Wisconsin allow Holographic wills?

A	No
B	Yes

Question 7

Standing trees would be considered:

A	Personal Property
B	Emblements
C	Chattels
D	Real property

Question 8

What is a holographic will?

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

Question 9

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 10

Which is not necessary for a valid contract?

A	due date
B	offer
C	legal object
D	acceptance

Question 11

Does Wisconsin have dower laws?

A	No
B	Yes

Question 12

What term means "going to the state?"

A	Eminent Domain
B	Taxation
C	police power
D	escheat

Question 12 Explanation:

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

Question 13

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	9 hours every year
D	18 hours every year

Question 14

An easement by prescription may establish:

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

Question 15

The Salesperson license fee costs how much?

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

Question 16

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

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

Question 17

Does Wisconsin allow reciprocity with other states?

A	No
B	Yes

Question 18

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 19

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

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

Question 20

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 21

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

A	novation
B	Habendum
C	acknowledgement
D	Premises

Question 22

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

Question 23

Is Wisconsin a community property state?

A	Yes
B	No

Question 24

Does Wisconsin have homestead laws?

A	No
B	Yes

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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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