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

Question 1

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

Accepted Answer

General warranty deed

Answer

Quitclaim deed

Answer

Bargain and sale deed

Answer

Special warranty deed

Question 2

In Wisconsin, what is the primary purpose of recording a deed with the Register of Deeds?

Accepted Answer

To provide constructive notice to the public

Answer

To transfer legal ownership

Answer

To satisfy the statute of frauds

Answer

To create a valid contract

Question 3

Which of the following best describes tenancy by the entirety in Wisconsin?

Accepted Answer

Ownership by a married couple with right of survivorship

Answer

Ownership by two or more unrelated individuals

Answer

Ownership by a business partnership

Answer

Ownership held in a living trust

Question 4

A Wisconsin property owner dies without a will and has no surviving spouse or children. Under intestate succession, who inherits the real property?

Accepted Answer

The owner's parents, if living

Answer

The state of Wisconsin immediately

Answer

The county where the property is located

Answer

The owner's nearest business partner

Question 5

What is the statute of limitations for adverse possession claims in Wisconsin?

Accepted Answer

20 years

Answer

5 years

Answer

10 years

Answer

30 years

Question 6

Which document is used in Wisconsin to transfer real property ownership at a tax foreclosure sale?

Accepted Answer

Tax deed

Answer

Sheriff's deed

Answer

Trustee's deed

Answer

Executor's deed