WI Real Estate Exam Questions & Answers 100% Correct
A conveyance by a minor - ANSWER-Must be executed by an authorized guardian Adverse possession occurs if the use of the land is - ANSWER-Actual and open The only way that an agent may sign a conveyance for another is if - ANSWER-The agent has written authorization from the principal Wisconsin marital property types include all of the following EXCEPT - ANSWER-Single property Property taxes are based on - ANSWER-Assessed value If a firm wants a property protected beyond the agreement term in the WB-36, it must deliver a written description of the property to a buyer no later than how many days after the expiration of the agreement? - ANSWER-Three Days The WB-36 gives a firm the authority to act as - ANSWER-A buyer's agent or tenant's representative If a seller's representations regarding defects are incorrect or incomplete, who may be liable? - ANSWER-Seller The Statute of Frauds requires that any contract for the purchase of real estate include all of the following EXCEPT - ANSWER-Legal description The Statute of Frauds (Wis. Stat. §240.10) requires that any contract for the purchase of real estate must include - ANSWER-Property description, price, commission, expiration date, and signature of the client The WB-36 creates - ANSWER-An exclusive right to represent a buyer WI Real Estate Exam Questions & Answers 100% Correct
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