1
Wisconsin Real Estate Exam Questions
and Answers (100% Correct Answers)
Already Graded A+
The foundation upon which real estate brokerage
is practiced Ans: Agency
A legal and ethical relationship created between
© 2025 Assignment
a real estate firm and a party to a transaction;
Guru01 - Stuvia
the party may be a buyer, seller, landlord, or
tenant Ans: Agency Relationship
Expert
A written agreement between a firm and a client;
the client authorizes the firm to provide
brokerage services to the client Ans: Agency
Agreement
What are two agency agreements? Ans: Listing
Agreement
Buyers Agency Agreement
Laws to protect consumers; helps explain agency
to consumers; consumers rights and obligations;
licensees rights and obligations Ans: Agency
Disclosure
, 2
Duties owed to all parties involved in a
transaction; duties owed to clients; roles in
agency relationships; creation and termination
of agency Ans: Agency Law
Any person licensed under WI statutes Chapter
452 Ans: Licensee
The WI statute that governs real estate practice
© 2025 Assignment
Ans: Chapter 452
Guru01 - Stuvia
What are the 5 parts of the definition of broker?
Expert
Ans: Negotiation
Pattern of Sales
Shows Property
Advertised Property
Opinion of Value
What are the three parts of broker-negotiation?
Ans: Intermediary
Complete Forms
Presents Proposals
, 3
For another, and for commission, money, or
other thing of value, negotiates, or offers to
negotiate Ans: Broker as Negotiator
Negotiator = Ans: For someone else
Facilitating or participating in communications
between parties related to the parties interest in
a transaction; agents talking to each other about
© 2025 Assignment
a buyer or seller's interest in a transaction Ans:
Guru01 - Stuvia
Broker-Negotiator-Acting as Intermediary
Expert
Completing approved forms or other writings to
document the party's proposal consistent with
the party's instruction; Drafting an offer for a
buyer; drafting a counter-offer for a seller Ans:
Broker-Negotiator- Complete Forms
Presenting to a party the proposals of other
parties to the transaction and giving the party a
general explanation of the provisions of a
proposal; a listing agent presents a buyer's offer
to the seller and explains the provisions Ans:
Broker-Negotiator-Presents Proposals
A person engaged wholly or in part is in the
business of selling or exchanging interest in real
estate or business to the extent that a pattern of
, 4
sales is established; 5 sales in 1 year; 10 sales in
5 years Ans: Broker-Pattern of Sales
What are the two ways to create a pattern of
sales? Ans: 5 sales in 1 year
10 sales in 5 years
A person who for another person and for
© 2025 Assignment
commission, money, or other thing of value
Guru01 - Stuvia
shows real estate or a business Ans: Broker-
Shows Property
Expert
Does a property manager who does not negotiate
or sign leases need a real estate license? If they
sign or negotiate leases do they need a real
estate license? Ans: Does not negotiate or sign -
No
Negotiates or signs - Yes
A person who for another person and
commission, money, or other thing of value
promotes the sale, exchange, purchase, option,
rental, or leasing of real estate, a time share, or
business; does not apply to a person who only
publishes or disseminates verbatim info
provided by another party (Newspaper for
example) Ans: Broker-Advertises Property
Wisconsin Real Estate Exam Questions
and Answers (100% Correct Answers)
Already Graded A+
The foundation upon which real estate brokerage
is practiced Ans: Agency
A legal and ethical relationship created between
© 2025 Assignment
a real estate firm and a party to a transaction;
Guru01 - Stuvia
the party may be a buyer, seller, landlord, or
tenant Ans: Agency Relationship
Expert
A written agreement between a firm and a client;
the client authorizes the firm to provide
brokerage services to the client Ans: Agency
Agreement
What are two agency agreements? Ans: Listing
Agreement
Buyers Agency Agreement
Laws to protect consumers; helps explain agency
to consumers; consumers rights and obligations;
licensees rights and obligations Ans: Agency
Disclosure
, 2
Duties owed to all parties involved in a
transaction; duties owed to clients; roles in
agency relationships; creation and termination
of agency Ans: Agency Law
Any person licensed under WI statutes Chapter
452 Ans: Licensee
The WI statute that governs real estate practice
© 2025 Assignment
Ans: Chapter 452
Guru01 - Stuvia
What are the 5 parts of the definition of broker?
Expert
Ans: Negotiation
Pattern of Sales
Shows Property
Advertised Property
Opinion of Value
What are the three parts of broker-negotiation?
Ans: Intermediary
Complete Forms
Presents Proposals
, 3
For another, and for commission, money, or
other thing of value, negotiates, or offers to
negotiate Ans: Broker as Negotiator
Negotiator = Ans: For someone else
Facilitating or participating in communications
between parties related to the parties interest in
a transaction; agents talking to each other about
© 2025 Assignment
a buyer or seller's interest in a transaction Ans:
Guru01 - Stuvia
Broker-Negotiator-Acting as Intermediary
Expert
Completing approved forms or other writings to
document the party's proposal consistent with
the party's instruction; Drafting an offer for a
buyer; drafting a counter-offer for a seller Ans:
Broker-Negotiator- Complete Forms
Presenting to a party the proposals of other
parties to the transaction and giving the party a
general explanation of the provisions of a
proposal; a listing agent presents a buyer's offer
to the seller and explains the provisions Ans:
Broker-Negotiator-Presents Proposals
A person engaged wholly or in part is in the
business of selling or exchanging interest in real
estate or business to the extent that a pattern of
, 4
sales is established; 5 sales in 1 year; 10 sales in
5 years Ans: Broker-Pattern of Sales
What are the two ways to create a pattern of
sales? Ans: 5 sales in 1 year
10 sales in 5 years
A person who for another person and for
© 2025 Assignment
commission, money, or other thing of value
Guru01 - Stuvia
shows real estate or a business Ans: Broker-
Shows Property
Expert
Does a property manager who does not negotiate
or sign leases need a real estate license? If they
sign or negotiate leases do they need a real
estate license? Ans: Does not negotiate or sign -
No
Negotiates or signs - Yes
A person who for another person and
commission, money, or other thing of value
promotes the sale, exchange, purchase, option,
rental, or leasing of real estate, a time share, or
business; does not apply to a person who only
publishes or disseminates verbatim info
provided by another party (Newspaper for
example) Ans: Broker-Advertises Property
