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WI Real Estate Sales Exam questions with correct answers

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The listing broker is the seller's CORRECT ANWER agent A licensee writes an offer for a buyer on the licensee's listing. The buyer is the licensee's CORRECT ANWER customer When a firm is representing only one side of the transaction, the firm is practicing what type of agency? CORRECT ANWER Single agency Multiple Representation may only occur if CORRECT ANWER there is full written consent and disclosure from all parties A broker shall provide a copy of the disclosure form to a client: CORRECT ANWER no later than the time of agency agreement Agency disclosure is required in what types of real estate transactions? CORRECT ANWER All When acting as a buyer's agent, the agency relationship must be disclosed by the earlier of: CORRECT ANWER first contact, showing, negotiation w/seller or listing broker What are the agency disclosure requirements, including a buyer's acknowledgment of the disclosure, for a buyer intending to purchase a duplex versus a buyer intending to purchase a commercial warehouse? C


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