Wisconsin Real Estate License Property Laws & Regulations 5

Question 1

Under the federal and Wisconsin Fair Housing laws, which of the following is a protected class beyond the federal minimums that Wisconsin adds?

Accepted Answer

Lawful source of income

Answer

Race

Answer

Religion

Answer

National origin

Question 2

In Wisconsin, a landlord must return a tenant's security deposit within how many days after the tenant vacates?

Accepted Answer

21 days

Answer

7 days

Answer

45 days

Answer

60 days

Question 3

Which Wisconsin disclosure is required when selling a home built before 1978?

Accepted Answer

Lead-based paint disclosure

Answer

Radon disclosure

Answer

Flood zone waiver

Answer

Mold certificate

Question 4

A Wisconsin real estate licensee who represents both the buyer and seller in the same transaction is acting as a:

Accepted Answer

Dual agent

Answer

Subagent

Answer

Transaction broker only

Answer

Designated appraiser

Question 5

Wisconsin homestead protection primarily shields a portion of a homeowner's equity from:

Accepted Answer

Certain creditors' claims

Answer

Property taxes

Answer

Zoning enforcement

Answer

Fair housing complaints

Question 6

In a Wisconsin residential lease, a provision waiving the landlord's duty to maintain the premises is generally:

Accepted Answer

Void as against public policy

Answer

Fully enforceable

Answer

Required by statute

Answer

Valid only in writing

Question 7

When a Wisconsin property is sold, the real estate transfer fee is typically paid by the:

Accepted Answer

Seller (grantor)

Answer

Buyer

Answer

Lender

Answer

Register of Deeds