Wisconsin Real Estate Exam Questions and Answers 2023
1. The foundation upon which real estate brokerage is
practiced: Agency
2. A legal and ethical relationship created between a real estate
firm and a par- ty to a transaction; the party may be a buyer,
seller, landlord, or tenant: Agency Relationship
3. A written agreement between a firm and a client; the client
authorizes the firm to provide brokerage services to the
client: Agency Agreement
4. What are two agency agreements?: Listing Agreement
Buyers Agency Agreement
5. Laws to protect consumers; helps explain agency to
consumers; con- sumers rights and obligations; licensees
rights and obligations: Agency Dis- closure
6. Duties owed to all parties involved in a transaction; duties
owed to clients;