WI Real Estate Exam questions with correct answers

A conveyance by a minor CORRECT ANSWER Must be executed by an authorized guardian Adverse possession occurs if the use of the land is CORRECT ANSWER Actual and open The only way that an agent may sign a conveyance for another is if CORRECT ANSWER The agent has written authorization from the principal Wisconsin marital property types include all of the following EXCEPT CORRECT ANSWER Single property Property taxes are based on CORRECT 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? CORRECT ANSWER Three Days The WB-36 gives a firm the authority to act as CORRECT ANSWER A buyer's agent or tenant's representative If a seller's representations regarding defects are incorrect or incomplete, who may be liable? CORRECT ANSWER Seller The Statute of Frauds requires that any contract for the purchase of real estate include all of the following EXCEPT CORRECT ANSWER L