Wisconsin Real Estate Exam – Paid Practice Test – 2025–
2026 – Study Guide and Questions
The donation of private land for public use is called:
A. accretion
B. dedication
C. assignment
D. condemnation - correct answer ✔✔ B.
In reviewing the deed to a listed property, a licensee noted a number of limitations regarding its
use. These limitations are commonly known as:
A. codicils
B. constraints
C. building codes
D. restrictive covenants - correct answer ✔✔ D.
What type of insurance would cover a mistake or negligence on a licensee's part that results in
financial loss to a client?
A. general liability insurance
B. errors and omissions (E&O) insurance
C. hazard insurance
D. group insurance - correct answer ✔✔ B.
When private property is abandoned, the state MAY acquire title to that property under the
right of:
A. escheat
, B. eminent domain
C. police power
D. taxation - correct answer ✔✔ A.
To be certain that a property has no encroachments, an appraiser should check a:
A. survey
B. deed
C. field book
D. tax map book - correct answer ✔✔ A.
The owners of a house sign a listing agreement and later tell the licensee that the garage roof
leaks. If they tell the licensee not to reveal the roof's condition to any prospective buyers, the
licensee MUST:
A. abide by the owners' requests
B. advise the sellers that they must disclose the condition of the roof to prospective buyers
C. Advise only those prospective buyers who ask about the roof's condition
D. refer all prospective buyers who have questions about the roof's condition to the sellers -
correct answer ✔✔ B.
A seller has delinquent property taxes of $572. At closing, the taxes will be a:
A. debit to the seller of 572
B. debit to the buyer of 572
C. credit to the seller of 572
D. credit to the buyer of 572 - correct answer ✔✔ A.
A broker lists a seller's property. An unrepresented buyer submits an offer to purchase the
seller's house and tells the broker that they will pay more than the offer price if the seller
requests it. In this situation, the broker is:
2026 – Study Guide and Questions
The donation of private land for public use is called:
A. accretion
B. dedication
C. assignment
D. condemnation - correct answer ✔✔ B.
In reviewing the deed to a listed property, a licensee noted a number of limitations regarding its
use. These limitations are commonly known as:
A. codicils
B. constraints
C. building codes
D. restrictive covenants - correct answer ✔✔ D.
What type of insurance would cover a mistake or negligence on a licensee's part that results in
financial loss to a client?
A. general liability insurance
B. errors and omissions (E&O) insurance
C. hazard insurance
D. group insurance - correct answer ✔✔ B.
When private property is abandoned, the state MAY acquire title to that property under the
right of:
A. escheat
, B. eminent domain
C. police power
D. taxation - correct answer ✔✔ A.
To be certain that a property has no encroachments, an appraiser should check a:
A. survey
B. deed
C. field book
D. tax map book - correct answer ✔✔ A.
The owners of a house sign a listing agreement and later tell the licensee that the garage roof
leaks. If they tell the licensee not to reveal the roof's condition to any prospective buyers, the
licensee MUST:
A. abide by the owners' requests
B. advise the sellers that they must disclose the condition of the roof to prospective buyers
C. Advise only those prospective buyers who ask about the roof's condition
D. refer all prospective buyers who have questions about the roof's condition to the sellers -
correct answer ✔✔ B.
A seller has delinquent property taxes of $572. At closing, the taxes will be a:
A. debit to the seller of 572
B. debit to the buyer of 572
C. credit to the seller of 572
D. credit to the buyer of 572 - correct answer ✔✔ A.
A broker lists a seller's property. An unrepresented buyer submits an offer to purchase the
seller's house and tells the broker that they will pay more than the offer price if the seller
requests it. In this situation, the broker is:
