Wisconsin Real Estate License Fair Housing and Ethics 3

Question 1

The Wisconsin agency that regulates real estate licensees is the:

Accepted Answer

Department of Safety and Professional Services (DSPS)

Answer

The Wisconsin DSPS, through the Real Estate Examining Board, regulates licensees.

Question 2

An advertisement stating 'perfect for a Christian family' most likely violates fair housing on the basis of:

Accepted Answer

Religion and familial status

Answer

Referencing religion and family type in an ad indicates a discriminatory preference.

Question 3

Redlining refers to:

Accepted Answer

Denying services like loans or insurance in specific neighborhoods

Answer

Redlining is the discriminatory denial of financial or insurance services based on area demographics.

Question 4

A licensee's fiduciary duty of loyalty to a client means the agent must:

Accepted Answer

Place the client's interests above their own

Answer

Loyalty requires placing the client's interests ahead of the agent's own or third parties'.

Question 5

An assistance animal for a disabled tenant is best classified as:

Accepted Answer

A reasonable accommodation exempt from pet fees

Answer

Assistance animals are reasonable accommodations and are exempt from pet policies and fees.

Wisconsin Real Estate License Practice Test