Wisconsin

Wisconsin Real Estate Study Guides

The Wisconsin License Professor is Wisconsin's number one provider of high quality real estate knowledge designed to help YOU pass your Wisconsin real estate test the first time. Explanations and feedback given by the Wisconsin License Professor is provided by real estate license instructors and professional realtors from Milwaukee, Racine, and Kenosha. Many students have already aced their Wisconsin real estate exam by preparing with the Wisconsin License Professor.

Contents


Wisconsin state specific topics include:

  • Licensing requirements
  • Brokerage practices
  • Property disclosures
  • Advertising
  • Accounting requirements

The Wisconsin License Professor covers all of the Promissor (ASI) necessary fundamentals of real estate, including

  1. Real property characteristics, definitions, ownership, restrictions, and transfer
  2. Assessing and explaining property valuation and the appraisal process
  3. Contracts, agency relationships with buyers and sellers, and federal requirements
  4. Financing the transaction and settlement
  5. Leases, rents, and property management

The Wisconsin License Professor Features:

  • 3 interactive study methods (Learning, Exam, and Flash Card)
  • 14 practice real estate license exams containing over 2100 questions
  • Both state and national real estate exam questions
  • Specific math and definition exams
  • Real estate specific online dictionary with hundreds of terms phrases

Studying with the Wisconsin License Professor will:

  • Increase your understanding of course material
  • Improve your exam comfort, familiarity, and completion speed
  • Start preparing immediately as there is no software to be delivered
  • Work from home comfortably (slippers allowed): Study wherever and whenever you desire
  • Have no need to attend expensive exam prep classes or real estate license school

The content for each Wisconsin real estate exam has been extensively planned out by the Wisconsin License Professors editorial staff; professionals who teach real estate license courses all over Wisconsin. Through their valuable years of instructional experience they have created a series of practice tests that help future realtors prepare for their real estate exam. Don't set up to fail. Pass the real estate exam using the excellent practice exams and informative feedback that the Wisconsin License Professor's system provides.

The Wisconsin License Professor covers:

  1. Introduction to the Real Estate Business
  2. Real Property and the Law
  3. Concepts of Home Ownership
  4. Agency
  5. Real Estate Brokerage
  6. Listing Agreements and Buyer Representation
  7. Interests in Real Estate
  8. Forms of Real Estate Ownership
  9. Legal Descriptions
  10. Real Estate Taxes and Other Liens
  11. Real Estate Contracts
  12. Transfer of Title
  13. Title Records
  14. Real Estate Financing: Principles
  15. Real Estate Financing: Practice
  16. Leases
  17. Property Management
  18. Real Estate Appraisal
  19. Land-Use Controls and Property Development
  20. Fair Housing and Ethical Practices
  21. Environmental Issues and Real Estate Transactions
  22. Closing the Real Estate Transaction
  23. Real Estate Math
  24. Wisconsin Law and Practice

Wisconsin Real Estate License Requirements

  • A real estate salesperson is an individual who negotiates the sale, purchase, exchange or rental of another's interests in real estate, business opportunities and options. According to the Wisconsin Statutes, a real estate salesperson is an individual who is employed by a broker to perform any act authorized by Chapter 452, Wis. Stats., to be performed by a broker. Acts performed by a broker include:
    1. For another, and for commission, money or other thing of value, negotiates or offers or attempts to negotiate a sale, exchange, purchase or rental of an interest or estate in real estate;
    2. Is engaged wholly or in part in the business of selling real estate to the extent that a pattern of real estate sales is established, whether or not such real estate is owned by such person;
    3. For another and for commission, money or other thing of value, negotiates or offers or attempts to negotiate a sale, exchange, purchase or rental of any business, its goodwill, inventory, fixtures or an interest therein; or
    4. Is engaged wholly or in part in the business of selling business opportunities or goodwill of an existing business or is engaged wholly or in part in the business of buying and selling, exchanging or renting of any business, its goodwill, inventory, fixtures or an interest therein.
    5. For another, and for commission, money or other thing of value, negotiates or offers or attempts to negotiate a sale, exchange or purchase of a time share.
    6. Is engaged wholly or in part in the business of selling time shares to the extent that a pattern of sales is established, whether or not the time shares are owned by such person.
    7. For another, and for a commission, money or other thing of value, promotes the sale, exchange, purchase, option, rental or leasing of real estate or business opportunities. This paragraph does not apply to a person who only publishes or disseminates verbatim information provided by another person.
  • No person may engage in or follow the business or occupation of, or advertise or hold himself or herself out as, or act temporarily or otherwise as a salesperson without a Wisconsin real estate salespersons license.
  • A salesperson may engage in real estate practice only when employed by a broker.
  • Education:
    • Complete 72 classroom hours of educational programs approved by the Department for licensure as a salesperson. The Department may waive this requirement upon proof that the applicant has received 10 academic credits in real estate or real estate related law courses from an accredited institution of higher education.
    • Note: Nonresident applicants must submit proof of completion of at least 13 designated hours at a Wisconsin approved school.
  • Examinations:
    • Pass both the national and Wisconsin salesperson examinations. Information on these exams can be found by clicking here. Examinations are administered by computer upon appointment.
  • A salesperson must be employed by a Wisconsin licensed broker. The initial application contains a section that is to be completed by a broker if the applicant has a prospective broker-employer. If the license is issued without registering a broker-employer on this form, the applicant will not be able to operate as a salesperson until submitting a Notice of Real Estate Employment Form which will be sent with the license so that the new licensee will be able to register the name of the broker-employer. If a licensee terminates employment with a broker, a Notice of Termination of Employment of Salesperson Form must be submitted by either the employee or the former broker-employer within 10 days after termination of employment. A licensed salesperson may act as an agent for a new broker-employer after completing the Notice of Real Estate Employment Form and paying a $10 fee.
  • Convictions and Pending Charges
    Convictions of crimes or pending charges may be grounds for denial of license if the circumstances of the conviction or charge are substantially related to professional practice.
Sample Salesperson Exam