Wisconsin Real Estate Exam questions with correct answers

Salespeople can use which of the following forms: CORRECT ANSWER a form prepared and approved by the Department Which of the following are NOT considered client funds? CORRECT ANSWER Promissory Notes Zoning laws may NOT be used to regulate which of the following? CORRECT ANSWER The placement of interior partitions According to the WB-36 Buyer Agency/Tenant Representation Agreement, a commission is earned by the buyer firm only if the: CORRECT ANSWER buyer acquires an interest in property or enters into an enforceable contract that is acceptable to buyer A seller lists his house with Salesperson A. A buyer goes to Salesperson A's open house and decides to make an offer on the house. The buyer signs a buyer agency agreement with Salesperson A. Salesperson A drafts the offer to purchase for the buyer. Which of the following CORRECTLY identifies the relationship of Salesperson A and the buyer and the seller? CORRECT ANSWER The seller is Salesperson A's client, the buyer is Salesperson A's client Shoreland zoning regulates land located within: CORRECT ANSWER 1,000 feet of the ordinary high water mark of a lake, pond, or flowage Bob changed his mind about purchasing 456 Right Here Avenue. The seller has accepted the offer. The offer has not been delivered to Bob. What is the effect on the transaction if Bob's license calls the seller and says the deal is off? CORRECT ANSWER Withdrawal of the offer