Wisconsin Real Estate License Fair Housing and Ethics Questions and Answers Flashcards
6 cards from real Wisconsin Real Estate License practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Wisconsin Real Estate License Fair Housing and Ethics Questions and Answers flashcards as text
Which of the following actions by a Wisconsin real estate licensee would constitute blockbusting?
Answer: Telling homeowners that property values will decline because a minority family is moving into the neighborhood
Blockbusting involves inducing panic selling by suggesting that the entry of a protected class into a neighborhood will lower property values.
Under Wisconsin's code of ethics for real estate licensees, what must an agent disclose regarding dual agency?
Answer: The agent must obtain informed written consent from all parties before acting as a dual agent
Wisconsin law requires that all parties provide informed written consent before a licensee may act as a dual agent in a transaction.
A property manager in Wisconsin applies different security deposit requirements based on a tenant's national origin. Which law does this most directly violate?
Answer: Both the federal Fair Housing Act and Wisconsin's Open Housing Law
Applying different terms and conditions, including security deposits, based on national origin violates both federal and state fair housing protections.
In Wisconsin, which of the following properties is exempt from the state's Open Housing Law?
Answer: An owner-occupied building with no more than two units where no discriminatory advertising is used
Wisconsin's Open Housing Law provides a limited exemption for owner-occupied duplexes when the owner does not use discriminatory advertising.
A Wisconsin real estate agent privately believes that a neighborhood is declining and shares this opinion with a client to discourage them from purchasing there. If the opinion is based on the racial makeup of the area, what violation has occurred?
Answer: Illegal steering based on race
Discouraging a purchase based on the racial composition of a neighborhood constitutes illegal racial steering regardless of the agent's personal beliefs.
What penalty can the Wisconsin Department of Safety and Professional Services impose on a licensee found guilty of fair housing violations?
Answer: License suspension or revocation and monetary penalties
The Department of Safety and Professional Services can suspend or revoke a real estate license and impose monetary penalties for fair housing violations.