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Real Estate Salesperson Exam — National Portion

Duties (WI): practice questions

Our Real Estate (National) bank has 4 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Wisconsin

Which duty does a Wisconsin firm owe every party to a transaction?

  1. Loyalty above all
  2. Honest, fair service
  3. To find them a property
  4. To lend them money
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B. Honest, fair service — Wis. Stat. 452.133(1)(a).

Question 2 · Wisconsin

How long must a Wisconsin firm keep a party's confidential information?

  1. Until closing
  2. Even after it ends
  3. For one year
  4. For three years
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B. Even after it ends — Wis. Stat. 452.133(1)(d).

Question 3 · Wisconsin

How must a Wisconsin firm disclose material adverse facts?

  1. Orally
  2. In writing, timely
  3. Only if asked
  4. After closing
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B. In writing, timely — Wis. Stat. 452.133(1)(c).

Question 4 · Wisconsin

When negotiating, how must a Wisconsin firm present contract proposals?

  1. In the firm's favor
  2. Objectively
  3. Only verbally
  4. Only the highest offer
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B. Objectively — Wis. Stat. 452.133(1)(g).

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