Wisconsin Real Estate License Cheat Sheet 2026

The 30 highest-yield Wisconsin Real Estate License facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. Wisconsin's shoreland zoning regulations primarily protect property located near: → Navigable lakes, rivers, and streams
2. How often must a Wisconsin real estate license be renewed? → Every two years
3. Which of the following must an applicant submit with their Wisconsin real estate license application? → Background check
4. A buyer makes a 20% down payment on a $275,000 home. What is the loan amount? → $220,000
5. Which best describes the role of the exam's state-specific portion? → It tests Wisconsin real estate laws, rules, and practices
6. What is the primary purpose of earnest money in a Wisconsin real estate transaction? → To show the buyer's good-faith commitment to the purchase
7. Which Wisconsin statute governs landlord-tenant relationships and security deposit handling? → ATCP 134
8. What is the minimum age to obtain a Wisconsin real estate salesperson license? → 18
9. What happens if a buyer fails to meet the terms of a purchase contract? → Forfeit earnest money or face legal action
10. A Wisconsin licensee receives a gift valued at $150 from a mortgage lender for referring clients. Under RESPA and Wisconsin ethics rules, this is considered: → A violation of anti-kickback provisions
11. Under Wisconsin law, how must amendments to the earnest money amount in an accepted offer be documented? → Using the WB-40 Amendment to Offer signed by all parties
12. Under Wisconsin law, which of the following must be disclosed by a seller even if it is not on the condition report? → Known structural defects that materially affect the property's value
13. Under Wisconsin law, which type of mortgage clause allows the lender to demand full repayment if the property is sold without lender approval? → Due-on-sale clause
14. PMI (private mortgage insurance) is typically required when a conventional loan's down payment is: → Less than 20%
15. What is the primary purpose of recording a deed with the Wisconsin Register of Deeds? → To provide constructive notice to the public of the ownership change
16. For vacant land sales in Wisconsin, the seller may be required to provide the: → Vacant Land Disclosure Report
17. What is the statute of limitations for adverse possession claims in Wisconsin? → 20 years
18. A buyer pays 2 discount points on a $180,000 mortgage loan. How much are the points? → $3,600
19. In Wisconsin, what reasonable accommodation must a landlord provide for a tenant with a disability who needs an emotional support animal in a no-pets building? → Allow the animal as a reasonable accommodation with no pet deposit
20. Under Wisconsin law, which of the following is considered a protected class in addition to the federal Fair Housing Act's protections? → Marital status
21. In Wisconsin, a homeowner who wants to deviate from a setback requirement due to a hardship would apply for a: → Variance
22. In a Wisconsin real estate transaction, when must a seller provide the Real Estate Condition Report to the buyer? → Before acceptance of the offer
23. A Wisconsin real estate license applicant who has a felony conviction must do what? → Disclose it on the application and may face review
24. The pre-licensing education must be completed at a school approved by: → The Wisconsin DSPS / Real Estate Examining Board
25. In Wisconsin, a subagent owes fiduciary duties to which party? → The seller through the listing broker
26. Which sale is typically EXEMPT from providing a Real Estate Condition Report in Wisconsin? → A transfer by a personal representative of an estate
27. In Wisconsin, which type of mortgage clause allows the lender to demand full repayment if the property is sold or transferred? → Due-on-sale clause
28. What does Wisconsin's 'right of first refusal' law allow a municipality to do regarding tax-delinquent properties? → Purchase the property before it goes to public auction
29. A listing agent in Wisconsin discovers that the property has a history of flooding in the basement. What is the agent's obligation? → Disclose the known material adverse fact to prospective buyers
30. Which of the following is a material adverse fact that a Wisconsin licensee must disclose to all parties? → A known structural defect affecting the property's safety