Skip to content

Quiz – WI Session 4

Quiz – WI Session 4

Time limit: 0

Quiz Summary

0 of 15 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 15 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Categories

Hour 10 Fair Housing II for Wisconsin Licensees – Federal law 0%
Hour 11 Advertising for Wisconsin Licensees 0%
Hour 12 Financing and appraisal in the Wisconsin Offer to Purchase 0%

Review
Answered
Correct
Incorrect

Question 1 of 15

1. Question

The protected class in the Civil Rights Act of 1866 is

Race
Correct Incorrect Correct answer

Religion
Correct Incorrect Correct answer

National origin
Correct Incorrect Correct answer

Disability
Correct Incorrect Correct answer

Correct

Incorrect
Question 2 of 15

2. Question

The 1964 Civil Rights Act provided additional identified protected classes and was adopted by Fair Housing in

1965
Correct Incorrect Correct answer

1967
Correct Incorrect Correct answer

1968
Correct Incorrect Correct answer

1972
Correct Incorrect Correct answer

Correct

Incorrect
Question 3 of 15

3. Question

The landmark case at the Supreme Court which legalized segregation was:

Harris vs Jones
Correct Incorrect Correct answer

Plessy v Ferguson
Correct Incorrect Correct answer

Potter v Weasley
Correct Incorrect Correct answer

Presley v Lennon
Correct Incorrect Correct answer

Correct

Incorrect
Question 4 of 15

4. Question

Housing and Urban Development does undercover investigations to determine if Fair Housing laws are being upheld:

True
Correct Incorrect Correct answer

False
Correct Incorrect Correct answer

Correct

Incorrect
Question 5 of 15

5. Question

If a licensee or consumer is found guilty of committing discrimination and had no other offenses in discriminating against, the fine can be as much as:

$5,000
Correct Incorrect Correct answer

$10,000
Correct Incorrect Correct answer

$15,000
Correct Incorrect Correct answer

$20,000
Correct Incorrect Correct answer

Correct

Incorrect
Question 6 of 15

6. Question

If advertising a property and using Artificial Intelligence to enhance the appearance of the property, the licensee shall:

Make sure the pictures are scaled properly
Correct Incorrect Correct answer

Ensure the people in the pictures have 5 fingers
Correct Incorrect Correct answer

Disclose the picture has been enhanced
Correct Incorrect Correct answer

A and B and not C
Correct Incorrect Correct answer

Correct

Incorrect
Question 7 of 15

7. Question

An agent may not advertise a listing unless:

The listing belongs to the same company the advertising agent belongs to
Correct Incorrect Correct answer

Attribution to the listing company is given
Correct Incorrect Correct answer

Permission has been granted by the listing company
Correct Incorrect Correct answer

A and C and not B
Correct Incorrect Correct answer

Correct

Incorrect
Question 8 of 15

8. Question

An agent’s advertising must include

Phone number
Correct Incorrect Correct answer

Email address
Correct Incorrect Correct answer

Fair Housing Logo
Correct Incorrect Correct answer

Company name
Correct Incorrect Correct answer

Correct

Incorrect
Question 9 of 15

9. Question

Licensees must disclose

Property was the site of a specific act that has no effect on the physical condition of the property
Correct Incorrect Correct answer

Property is located near an adult home or community-based residential facility
Correct Incorrect Correct answer

Information about where to locate a sex offender
Correct Incorrect Correct answer

Any unknown adverse fact
Correct Incorrect Correct answer

Correct

Incorrect
Question 10 of 15

10. Question

Under the REALTOR ® Code of Ethics and Wisconsin law, a licensee shall not advertise in a way that is misleading, false or deceptive.

True
Correct Incorrect Correct answer

False
Correct Incorrect Correct answer

Correct

Incorrect
Question 11 of 15

11. Question

With a cash offer on the Offer to Purchase, how many days does the buyer have to provide proof of funds if left unchecked.

5 business days
Correct Incorrect Correct answer

7 days
Correct Incorrect Correct answer

10 days
Correct Incorrect Correct answer

2 business days
Correct Incorrect Correct answer

Correct

Incorrect
Question 12 of 15

12. Question

If a buyer wishes to make an offer contingency on an Appraisal, they would:

Complete Addendum A and handwrite in the contingency
Correct Incorrect Correct answer

Check the Appraisal Contingency box
Correct Incorrect Correct answer

It’s not needed. If it does not appraise, the transaction is cancelled.
Correct Incorrect Correct answer

All offers are subject to appraisal contingencies
Correct Incorrect Correct answer

Correct

Incorrect
Question 13 of 15

13. Question

A copy of the Appraisal report is generally available

Within 1 week of binding acceptance
Correct Incorrect Correct answer

In less than 10 days after inspection
Correct Incorrect Correct answer

Approximately 40 days
Correct Incorrect Correct answer

3 months after acceptance
Correct Incorrect Correct answer

Correct

Incorrect
Question 14 of 15

14. Question

If the buyer does not deliver the Loan Commitment by the date agreed upon, the Offer to Purchase

Is canceled
Correct Incorrect Correct answer

Seller may terminate offer by delivery of a Notice relating to Offer
Correct Incorrect Correct answer

Gives the buyer an additional 30 days to secure financing
Correct Incorrect Correct answer

Automatically triggers the Seller Financing clause
Correct Incorrect Correct answer

Correct

Incorrect
Question 15 of 15

15. Question

If the seller has the right to offer financing, they must notify the buyer within

5 days after notice of financing unavailability
Correct Incorrect Correct answer

10 days after notice of financing unavailability
Correct Incorrect Correct answer

15 days after notice of financing unavailability
Correct Incorrect Correct answer

20 days after notice of financing unavailability
Correct Incorrect Correct answer

Correct

Incorrect