Wisconsin Real Estate License FREE Wisconsin Real Estate License Property Ownership and Transfer Questions and Answers 2

Question 1

Under Wisconsin law, which type of deed provides the LEAST protection to the buyer?

Accepted Answer

Quitclaim deed

Answer

A quitclaim deed transfers only whatever interest the grantor may have, with no warranties or guarantees of title.

Question 2

Which of the following is required for a valid deed transfer in Wisconsin?

Accepted Answer

Delivery and acceptance of the deed

Answer

A deed must be delivered by the grantor and accepted by the grantee to effectively transfer ownership.

Question 3

In Wisconsin, a life estate measured by the life of someone other than the life tenant is called what?

Accepted Answer

Life estate pur autre vie

Answer

A life estate pur autre vie is measured by the life of a third party rather than the life tenant.

Question 4

Which Wisconsin statute governs the formal requirements for transferring real property?

Accepted Answer

Statute of Frauds

Answer

The Statute of Frauds requires real property transfers to be in writing and signed by the party to be charged.

Question 5

A married couple in Wisconsin who each own an undivided one-half interest with right of survivorship hold title as what?

Accepted Answer

Marital property (community property)

Answer

Wisconsin is a marital property (community property) state where spouses presumptively share equal undivided interests with survivorship rights.

Wisconsin Real Estate License Practice Test