Mastering the Wisconsin Real Estate Exam
2025 – In-Depth Question Bank with Verified
Solutions and Key Insights
radioactive gas in the air that comes from the natural breakdown of uranium in soil, rock and water is:
A: Mold
B: Radium
C: Radon
D: Meth
Question 45 XXX ✔✔radon
A buyer wants to have the interest earned on their earnest money deposit. Which of the following
statements is most correct?
A: The broker cannot draft an escrow agreement for the buyer and seller
B: The broker can give the interest to the buyer if the offer to purchase states that the buyer gets the
interest
C: The broker can give the interest to the buyer with written permission from the seller
D: The broker cannot hold the earnest money but they may draft an escrow agreement for the buyer
and the seller
Question 46 ✔✔a. the broker cannot draft an escrow agreement for the buyer and seller
Question 47 XXX
,Which of the following is NOT true regarding a sales licensee who transfers employment:
A: May not practice real estate, once leaving the original place of employment, until the transfer
application is deposited into the U.S. postal service, postage fees prepaid or delivered in person
B: Must pay a fee accompanied with a Department of Safety and Professional Services transfer form
C: Must deliver the transfer application within 10 days of transfer
D: Is not employed by the new broker until the transfer form has been delivered ✔✔must deliver the
transfer application within 10 days of transfer.
Question 48 XXX
After entering into a sales contract a seller discovers a defect on the property, the:
A: buyer can direct the seller on how to repair the defect
B: contract becomes null and void at the buyer's discretion
C: seller must update the real estate condition report and give a copy to the buyer
D: seller must comply with the terms of the sales contract ✔✔D: seller must comply with the terms of
the sales contract
Question 49 XXX
,A listing agent has an accepted offer to purchase on a listing. Another offer is being written and the
buyer wants information about the existing offer. What information can the listing agent share with the
second buyer?
A: The existing offer meets the seller's closing date requirement of July 15
B: The existing offer doesn't look very strong because the buyer is trying to obtain a loan for 100% of
the purchase price
C: The existing offer has a continued marketing clause
D: The seller is looking for secondary offers because the primary buyer's offer contains a well and septic
inspection contingency that seller is suppose to pay for and the seller doesn't want to pay for the
inspection ✔✔the existing offer has a continued marketing clause.
Question 50
Bob Buyer changed his mind about purchasing 456 Right Here Avenue. He called his salesperson and
said, "Please withdrawal my offer, I do not wish to purchase 456 Right Here Avenue." The action taken
by Bob Buyer is called:
A: Breach of Contract
B: Revocation
C: Counter-offer
D: Rejection ✔✔revocation
Question 55 XXX
, What is the purpose of a deed?
A: It provides evidence of marketable title
B: It transfers legal title from a grantor to a grantee
C: It transfers title upon the death of a grantor
D: If delivered correctly it constitutes constructive notice ✔✔It transfers legal title from a grantor to a
grantee.
Question 56
The market data approach when used by a licensee:
A: Replaces the need for an appraisal
B: Is an appraisal
C: Is an opinion of a property's value
D: Gives an opinion of the price a property will most likely sell for on the open market ✔✔Gives an
opinion of the price a property will most likely sell for on the open market.
Question 57
A new home has just been built. The builder of the home is going to live in it for 3 weeks prior to closing.
Must the builder complete a Real Estate Condition Report?
A: Yes, because the property meets the definition of one-to-four dwelling units
2025 – In-Depth Question Bank with Verified
Solutions and Key Insights
radioactive gas in the air that comes from the natural breakdown of uranium in soil, rock and water is:
A: Mold
B: Radium
C: Radon
D: Meth
Question 45 XXX ✔✔radon
A buyer wants to have the interest earned on their earnest money deposit. Which of the following
statements is most correct?
A: The broker cannot draft an escrow agreement for the buyer and seller
B: The broker can give the interest to the buyer if the offer to purchase states that the buyer gets the
interest
C: The broker can give the interest to the buyer with written permission from the seller
D: The broker cannot hold the earnest money but they may draft an escrow agreement for the buyer
and the seller
Question 46 ✔✔a. the broker cannot draft an escrow agreement for the buyer and seller
Question 47 XXX
,Which of the following is NOT true regarding a sales licensee who transfers employment:
A: May not practice real estate, once leaving the original place of employment, until the transfer
application is deposited into the U.S. postal service, postage fees prepaid or delivered in person
B: Must pay a fee accompanied with a Department of Safety and Professional Services transfer form
C: Must deliver the transfer application within 10 days of transfer
D: Is not employed by the new broker until the transfer form has been delivered ✔✔must deliver the
transfer application within 10 days of transfer.
Question 48 XXX
After entering into a sales contract a seller discovers a defect on the property, the:
A: buyer can direct the seller on how to repair the defect
B: contract becomes null and void at the buyer's discretion
C: seller must update the real estate condition report and give a copy to the buyer
D: seller must comply with the terms of the sales contract ✔✔D: seller must comply with the terms of
the sales contract
Question 49 XXX
,A listing agent has an accepted offer to purchase on a listing. Another offer is being written and the
buyer wants information about the existing offer. What information can the listing agent share with the
second buyer?
A: The existing offer meets the seller's closing date requirement of July 15
B: The existing offer doesn't look very strong because the buyer is trying to obtain a loan for 100% of
the purchase price
C: The existing offer has a continued marketing clause
D: The seller is looking for secondary offers because the primary buyer's offer contains a well and septic
inspection contingency that seller is suppose to pay for and the seller doesn't want to pay for the
inspection ✔✔the existing offer has a continued marketing clause.
Question 50
Bob Buyer changed his mind about purchasing 456 Right Here Avenue. He called his salesperson and
said, "Please withdrawal my offer, I do not wish to purchase 456 Right Here Avenue." The action taken
by Bob Buyer is called:
A: Breach of Contract
B: Revocation
C: Counter-offer
D: Rejection ✔✔revocation
Question 55 XXX
, What is the purpose of a deed?
A: It provides evidence of marketable title
B: It transfers legal title from a grantor to a grantee
C: It transfers title upon the death of a grantor
D: If delivered correctly it constitutes constructive notice ✔✔It transfers legal title from a grantor to a
grantee.
Question 56
The market data approach when used by a licensee:
A: Replaces the need for an appraisal
B: Is an appraisal
C: Is an opinion of a property's value
D: Gives an opinion of the price a property will most likely sell for on the open market ✔✔Gives an
opinion of the price a property will most likely sell for on the open market.
Question 57
A new home has just been built. The builder of the home is going to live in it for 3 weeks prior to closing.
Must the builder complete a Real Estate Condition Report?
A: Yes, because the property meets the definition of one-to-four dwelling units
