Wisconsin Real Estate License Property Ownership and Transfer 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 Property Ownership and Transfer Questions and Answers flashcards as text
Under Wisconsin law, which type of deed provides the greatest protection to the buyer?
Answer: General warranty deed
A general warranty deed guarantees the title against all defects, even those arising before the grantor owned the property, offering the highest level of buyer protection.
In Wisconsin, what is the primary purpose of recording a deed with the Register of Deeds?
Answer: To provide constructive notice to the public
Recording a deed provides constructive notice to the world that a transfer of ownership has occurred, protecting the grantee against subsequent claims.
Which of the following best describes tenancy by the entirety in Wisconsin?
Answer: Ownership by a married couple with right of survivorship
Tenancy by the entirety is a form of co-ownership available only to married couples in Wisconsin, featuring an automatic right of survivorship.
A Wisconsin property owner dies without a will and has no surviving spouse or children. Under intestate succession, who inherits the real property?
Answer: The owner's parents, if living
Under Wisconsin's intestate succession statutes, if there is no surviving spouse or descendants, the decedent's parents inherit the estate.
What is the statute of limitations for adverse possession claims in Wisconsin?
Answer: 20 years
Wisconsin requires continuous, open, notorious, hostile, and exclusive possession for 20 years to establish an adverse possession claim.
Which document is used in Wisconsin to transfer real property ownership at a tax foreclosure sale?
Answer: Tax deed
A tax deed is issued by the county to convey property acquired through tax foreclosure proceedings in Wisconsin.