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Quiz – WI Session 3

Quiz – WI Session 3

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Categories

Hour 7 Inspection and Testing in the Wisconsin Offers to Purchase 0%
Hour 8 Antitrust for Wisconsin Licensees 0%
Hour 9 Fair Housing I for Wisconsin Licensees – State law 0%

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Question 1 of 15

1. Question

In the Wisconsin Offer to Purchase (WB-11), the seller is required to provide a Real Estate Condition Report to the buyer. If the seller does not deliver that form within 10 calendar days, how many days does the buyer have to rescind the offer?

2 days
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5 days
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2 calendar days
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3 calendar days
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Question 2 of 15

2. Question

A buyer may try to negotiate repairs or concessions on a purchase, based on the inspection with what form?

Notice
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Addendum
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Amendment
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Cancellation and Mutual Release
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Question 3 of 15

3. Question

An adverse fact is something that:

Impacts value
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Impacts structural integrity
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Impacts health
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Any/all the above
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Question 4 of 15

4. Question

If left unstricken, the seller does have the right to cure:

True
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False
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Question 5 of 15

5. Question

A test is all the following EXCEPT

Air sample
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Soil sample
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Carbon Monoxide testing
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Building material sample
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Question 6 of 15

6. Question

Antitrust is

Contracts to restrain trade
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Monopolizing trade
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Trade Associations
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A and B and not C
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Question 7 of 15

7. Question

The United States Department of Justice

May institute proceedings to prohibit violations
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May proceed to a hearing based on the complaints
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May have restraining orders imposed
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All the above
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Question 8 of 15

8. Question

Commissions are established by state law

True
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False
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Question 9 of 15

9. Question

The WB-1 Listing Contract has language which explicitly states:

There is no standard commission
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Commissions vary by different companies
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Commissions are negotiable
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All the above
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Question 10 of 15

10. Question

Part of the listing may be shared, after the firm discloses to the seller that such distributions will occur to:

Buyer broker
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Sub agent
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Firms’ buyer agents
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All the above
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Question 11 of 15

11. Question

Which protected class is protected by the REALTOR ® Code of Ethics and not Wisconsin Fair Housing?

Age
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Ancestry
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Gender Identity
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Family status
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Question 12 of 15

12. Question

In 1967, what city experienced a march of 200 protestors from the segregated white part of the City to the segregated black part of the City?

Milwaukee
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Madisonified
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Hudson
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Spooner
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Question 13 of 15

13. Question

The practice of directing people to a certain part of town (which is illegal) is called

Blockbusting
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Steering
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Redlining
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Whitewashing
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Question 14 of 15

14. Question

Wisconsin has identified more protected classes than many states and the Federal government

True
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False
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Question 15 of 15

15. Question

Under Wi St. § 106.50, a person with an Emotional Support Animal is being discriminated if:

An extra security deposit is required
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They fail to keep the property sanitary
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They do not have a reliably verified disability
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All the above
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