WRA Final Exam Review 2024/2025
Exam Questions and Answers | A+
Score Assured
The definition of real estate includes many elements. Which of the following
items would NOT be a part of real estate? - 🧠 ANSWER ✔✔furniture
What is a lessor's future interest in a property called? - 🧠 ANSWER ✔✔A
reversionary interest
Christopher and Monica are getting married. Under Wisconsin law, any real
estate that either owns at the time of their marriage will remain that
spouse's individual property. Property acquired by either after the wedding,
except by gift or inheritance, will belong to both of them equally. What
determines the ownership of property for married people in Wisconsin? - 🧠
ANSWER ✔✔The Marital Property Act
George and Barbara are a married couple who moved to Wisconsin in June
of 2010. They purchased a house in Wisconsin in July 2010. The house is
classified as: - 🧠 ANSWER ✔✔marital property
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
,The Kimpel's contracted to purchase the Byrnes' home. Which feature may
the Byrnes remove from the home? - 🧠 ANSWER ✔✔A refrigerator
Unless the parties have an agreement stating differently, the Byrne's can
remove the refrigerator because it is personal property. All other items are
fixtures and cannot be removed unless excluded in the offer to purchase.
Which of the following statements best describes a cooperative - 🧠
ANSWER ✔✔A cooperative owner owns a personal property interest.
What constitutes a homestead? - 🧠 ANSWER ✔✔The dwelling and the
land surrounding it but not less than 1/4 acre, if available, and not
exceeding 40 acres
Because survivorship property transfers at death without passing through
probate, licensees should: - 🧠 ANSWER ✔✔never offer advice on how to
title property
An owner of a condominium holds the unit as a - 🧠 ANSWER ✔✔fee
simple absolute
Three people own a farm and all three can sell their individual interests
without the consent of the other owners. How does each owner hold title? -
🧠 ANSWER ✔✔In severalty
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
,George and Bill own a parcel of real estate. George owns an undivided
two-thirds interest in the property and Bill owns one-third. What kind of
tenancy do George and Bill have? - 🧠 ANSWER ✔✔Tenancy in common
What is the right to possess property free from claims of former owners or
other third parties? - 🧠 ANSWER ✔✔Quiet enjoyment
What is survivorship marital property? - 🧠 ANSWER ✔✔Real property that
will pass to a surviving spouse without probate
When is a mobile home real property? - 🧠 ANSWER ✔✔It is on a
permanent foundation, hooked up to utilities, and owned by the landowner.
What estate in land offers the maximum ownership? - 🧠 ANSWER ✔✔Fee
simple absolute
How many days from the beginning of a lease period does a tenant have to
inspect a property for the prior tenant's damages? - 🧠 ANSWER ✔✔7
What are trade fixtures? - 🧠 ANSWER ✔✔Personal property of a lessee
What are valuable additions made to a property? - 🧠 ANSWER
✔✔improvements
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
, Which of the following is NOT a government power? - 🧠 ANSWER
✔✔foreclosure
The government powers consist of police power, eminent domain, taxation,
and escheat
Which of the following is NOT individual property under Wisconsin's Marital
Property Act? - 🧠 ANSWER ✔✔Predetermination date property
Tiffany and Brad bought Sarah and Brian's house. Tiffany and Brad
considered the living room bookshelves to be a fixture and Sarah and Brian
considered the bookshelves personal property. Which of the following is
NOT a factor in a court's determination of whether an item is a fixture? - 🧠
ANSWER ✔✔B:Have the bookshelves already been removed
Explanation: In a dispute over whether an item is a fixture, a court will
consider how the item was attached, how it was adapted, the intent of the
party who put it in the property, and whether the parties had an agreement
about the item.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
4
STATEMENT. ALL RIGHTS RESERVED
Exam Questions and Answers | A+
Score Assured
The definition of real estate includes many elements. Which of the following
items would NOT be a part of real estate? - 🧠 ANSWER ✔✔furniture
What is a lessor's future interest in a property called? - 🧠 ANSWER ✔✔A
reversionary interest
Christopher and Monica are getting married. Under Wisconsin law, any real
estate that either owns at the time of their marriage will remain that
spouse's individual property. Property acquired by either after the wedding,
except by gift or inheritance, will belong to both of them equally. What
determines the ownership of property for married people in Wisconsin? - 🧠
ANSWER ✔✔The Marital Property Act
George and Barbara are a married couple who moved to Wisconsin in June
of 2010. They purchased a house in Wisconsin in July 2010. The house is
classified as: - 🧠 ANSWER ✔✔marital property
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
1
STATEMENT. ALL RIGHTS RESERVED
,The Kimpel's contracted to purchase the Byrnes' home. Which feature may
the Byrnes remove from the home? - 🧠 ANSWER ✔✔A refrigerator
Unless the parties have an agreement stating differently, the Byrne's can
remove the refrigerator because it is personal property. All other items are
fixtures and cannot be removed unless excluded in the offer to purchase.
Which of the following statements best describes a cooperative - 🧠
ANSWER ✔✔A cooperative owner owns a personal property interest.
What constitutes a homestead? - 🧠 ANSWER ✔✔The dwelling and the
land surrounding it but not less than 1/4 acre, if available, and not
exceeding 40 acres
Because survivorship property transfers at death without passing through
probate, licensees should: - 🧠 ANSWER ✔✔never offer advice on how to
title property
An owner of a condominium holds the unit as a - 🧠 ANSWER ✔✔fee
simple absolute
Three people own a farm and all three can sell their individual interests
without the consent of the other owners. How does each owner hold title? -
🧠 ANSWER ✔✔In severalty
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
2
STATEMENT. ALL RIGHTS RESERVED
,George and Bill own a parcel of real estate. George owns an undivided
two-thirds interest in the property and Bill owns one-third. What kind of
tenancy do George and Bill have? - 🧠 ANSWER ✔✔Tenancy in common
What is the right to possess property free from claims of former owners or
other third parties? - 🧠 ANSWER ✔✔Quiet enjoyment
What is survivorship marital property? - 🧠 ANSWER ✔✔Real property that
will pass to a surviving spouse without probate
When is a mobile home real property? - 🧠 ANSWER ✔✔It is on a
permanent foundation, hooked up to utilities, and owned by the landowner.
What estate in land offers the maximum ownership? - 🧠 ANSWER ✔✔Fee
simple absolute
How many days from the beginning of a lease period does a tenant have to
inspect a property for the prior tenant's damages? - 🧠 ANSWER ✔✔7
What are trade fixtures? - 🧠 ANSWER ✔✔Personal property of a lessee
What are valuable additions made to a property? - 🧠 ANSWER
✔✔improvements
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
, Which of the following is NOT a government power? - 🧠 ANSWER
✔✔foreclosure
The government powers consist of police power, eminent domain, taxation,
and escheat
Which of the following is NOT individual property under Wisconsin's Marital
Property Act? - 🧠 ANSWER ✔✔Predetermination date property
Tiffany and Brad bought Sarah and Brian's house. Tiffany and Brad
considered the living room bookshelves to be a fixture and Sarah and Brian
considered the bookshelves personal property. Which of the following is
NOT a factor in a court's determination of whether an item is a fixture? - 🧠
ANSWER ✔✔B:Have the bookshelves already been removed
Explanation: In a dispute over whether an item is a fixture, a court will
consider how the item was attached, how it was adapted, the intent of the
party who put it in the property, and whether the parties had an agreement
about the item.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
4
STATEMENT. ALL RIGHTS RESERVED
