1|Page
Wisconsin (WI) Utility Contractor Actual Exam 2026–
2027 ||Verified Exam!!|| Comprehensive 150-Question
Practice Test with Answers & Rationales|| Newest
Exam!!
Jessica made her final mortgage payment to Bank of
Money. Bank of Money will execute which of the following
to reflect that Jessica has paid off her mortgage?
A:Certificate of mortgage
B:Satisfaction of mortgage
C:Promissory note
D:Release of mortgage deed - Answer-B A satisfaction of
mortgage is executed when a loan has been fully paid off.
Licensees are required to disclose to all parties:
A:possible material facts
B:known sex offenders
C:known material facts
D:possible material adverse facts - Answer-D Licensees
are required to disclose to all parties known material
adverse facts and possible material adverse facts in
writing and in a timely fashion. A licensee only needs to
disclose material facts to a client.
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There are fair housing laws recognized at the federal,
state, and local levels of government. A licensee should
abide by the law:
A:at the state level
B:that offers the most protection
C:at the local level
D:at the federal level - Answer-B Local levels of
government have the legal ability to enact fair housing
laws as long as the local laws recognize the classes
protected under the state law. However, not all local levels
of government will have their own laws and unfortunately,
some will have laws that contradict the state/federal law
and allow discrimination under certain situations. A
licensee must follow the law that offers the most
protections.
Which of the following form of asbestos is likely to be
considered the largest health risk?
A:Asbestos shingles found underneath fiberglass shingles
B:Asbestos floor tiles that have been covered by new vinyl
flooring
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C:Asbestos insulation that was friable and has been
encapsulated
D:Deteriorating asbestos insulation wrapped around water
pipes - Answer-D The deteriorating asbestos is most likely
going to be friable and would be the largest health risk.
Asbestos, which has been covered or encapsulated so
that the fibers cannot become airborne, would be
considered the safest.
A licensee is listing a 4-bedroom, two-story house. Which
of the following would be the most suitable comparable
property?
A:A 3-bedroom, two-story house that was recently sold in
the same neighborhood as the listed property
B:A two-story mixed use property
C:A 4-bedroom, two-story house that is currently for sale
in the neighboring town
D:A 4-bedroom, two-story house that was recently
foreclosed on - Answer-A A comparable property is a
similar property currently being sold. The maximum value
of a property tends to be established by value of similar
properties that have recently sold. A foreclosed property
does not provide a good comparison because it is not an
arm's length sale.
, 4|Page
Elements reserved for the exclusive use of one or more,
but not all members of a condominium are called:
A:deed restrictions
B:limited common elements
C:declarations
D:common elements - Answer-B Limited common
elements are elements that are reserved for one or more
unit owners and are not available for use by all the unit
owners as are common elements.
A firm is allowed to act in a multiple representation
relationship when:
A:the seller agrees to multiple representation in the listing
contract
B:the buyer consents to multiple representation in the
buyer agency agreement
C:both clients in the transaction consent in writing to the
multiple representation
D:the offer to purchase is drafted by the Agent of Buyer
and Seller - Answer-C Wis. Stat. § 452.135(1) No firm may
provide brokerage services to more than one client in a
Wisconsin (WI) Utility Contractor Actual Exam 2026–
2027 ||Verified Exam!!|| Comprehensive 150-Question
Practice Test with Answers & Rationales|| Newest
Exam!!
Jessica made her final mortgage payment to Bank of
Money. Bank of Money will execute which of the following
to reflect that Jessica has paid off her mortgage?
A:Certificate of mortgage
B:Satisfaction of mortgage
C:Promissory note
D:Release of mortgage deed - Answer-B A satisfaction of
mortgage is executed when a loan has been fully paid off.
Licensees are required to disclose to all parties:
A:possible material facts
B:known sex offenders
C:known material facts
D:possible material adverse facts - Answer-D Licensees
are required to disclose to all parties known material
adverse facts and possible material adverse facts in
writing and in a timely fashion. A licensee only needs to
disclose material facts to a client.
,2|Page
There are fair housing laws recognized at the federal,
state, and local levels of government. A licensee should
abide by the law:
A:at the state level
B:that offers the most protection
C:at the local level
D:at the federal level - Answer-B Local levels of
government have the legal ability to enact fair housing
laws as long as the local laws recognize the classes
protected under the state law. However, not all local levels
of government will have their own laws and unfortunately,
some will have laws that contradict the state/federal law
and allow discrimination under certain situations. A
licensee must follow the law that offers the most
protections.
Which of the following form of asbestos is likely to be
considered the largest health risk?
A:Asbestos shingles found underneath fiberglass shingles
B:Asbestos floor tiles that have been covered by new vinyl
flooring
,3|Page
C:Asbestos insulation that was friable and has been
encapsulated
D:Deteriorating asbestos insulation wrapped around water
pipes - Answer-D The deteriorating asbestos is most likely
going to be friable and would be the largest health risk.
Asbestos, which has been covered or encapsulated so
that the fibers cannot become airborne, would be
considered the safest.
A licensee is listing a 4-bedroom, two-story house. Which
of the following would be the most suitable comparable
property?
A:A 3-bedroom, two-story house that was recently sold in
the same neighborhood as the listed property
B:A two-story mixed use property
C:A 4-bedroom, two-story house that is currently for sale
in the neighboring town
D:A 4-bedroom, two-story house that was recently
foreclosed on - Answer-A A comparable property is a
similar property currently being sold. The maximum value
of a property tends to be established by value of similar
properties that have recently sold. A foreclosed property
does not provide a good comparison because it is not an
arm's length sale.
, 4|Page
Elements reserved for the exclusive use of one or more,
but not all members of a condominium are called:
A:deed restrictions
B:limited common elements
C:declarations
D:common elements - Answer-B Limited common
elements are elements that are reserved for one or more
unit owners and are not available for use by all the unit
owners as are common elements.
A firm is allowed to act in a multiple representation
relationship when:
A:the seller agrees to multiple representation in the listing
contract
B:the buyer consents to multiple representation in the
buyer agency agreement
C:both clients in the transaction consent in writing to the
multiple representation
D:the offer to purchase is drafted by the Agent of Buyer
and Seller - Answer-C Wis. Stat. § 452.135(1) No firm may
provide brokerage services to more than one client in a
