Shelly got married on 12/31/2022, she has to report any possible name changes that occur due to the wedding by what date? 1/30/2022 1/28/2022 2/1/2023 1/30/2023

Mark moved from Kenosha to Racine in March of 2022. How long does he have to report a Address or Name Change? 10 Days 15 Days 30 Days 45 Business Days

The name other than the name appearing on the license, under which the licensed individual broker or a licensed broker business entity advertises or does business. Trade Fixture Trade Name Business Name Corporation Name

Every contract to pay a commission to a real estate agent or broker or to any other person for selling or buying real estate shall be void unless such contract describes that real estate including: Be in writing, list price, commission to be paid, contract term, signed by the person agreeing to pay such commission Be in writing or verbal, list price, commission to be paid, contract term, signed by the person agreeing to pay such commission Be in writing, list price, commission to be paid, contract end date, signed by the person agreeing to pay such commission Be in writing, list price, commission to be paid to buyer's agent, contract term, signed by the person agreeing to pay such commission

All real estate contracts must be _____________________. Verbal Hand written Scanned and emailed In writing

A salesperson may engage in real estate practice only when associated with ______________________________. a real estate developer a firm an appraiser a municipality

A licensee shall promptly distribute to the following persons exact and complete copies of offers, amendments and counter-offers which have been accepted and signed by all the parties? The seller The buyer and seller The listing and selling broker The buyer, seller, listing broker and selling broker

A licensee associated with a firm shall submit documents and records related to transactions that are utilized, prepared, or receive by the licensee to the firm ______________________. within ten days within 15 days in a timely manner two weeks from closing

TRUE OR FALSE: A broker or salesperson shall promptly distribute an exact and complete copy of a listing contract or agency agreement that has been accepted and signed by all parties to the client when the client signs an agency agreement. TRUE FALSE

A firm shall retain all records regarding all real estate transaction for at least __________________________. 2 years 7 years 4 years 3 and a half years

TRUE OR FALSE: A broker shall retain all records pertaining to a real estate transaction for at least 2 years. TRUE FALSE

TRUE OR FALSE: A licensee may provide advice or opinions concerning the legal rights or obligations of parties to a transaction, the legal effect of a specific contract or conveyance, or the state of title to real estate. TRUE FALSE

TRUE OR FALSE: A licensee may provide a general explanation of the provisions in an approved form to the parties to a transaction at the time of completing the form or when delivering an approved form for the seller's or buyer's acceptance. TRUE FALSE

A licensee may not make a separate ____________________ for completing an approved form in connection with a transaction. Agrement Charge Addendum Update

TRUE OR FALSE: When a licensee reproduces or arranges for printing a contractual form prepared and approved by the board pursuant to s. 452.05 (1) (b), Stats., the licensee shall comply with all of the following: 1) Assure that the numbering of lines, 2) line contents, and 3) the lines appearing on each page are identical to those on the board-approved forms. TRUE FALSE

When a licensee reproduces or arranges for printing a contractual form prepared and approved by the board the licensee shall comply with all of the following: Assure that the numbering of lines and the lines appearing on each page are identical to those on the board-approved forms Assure that the numbering of lines, line contents, and the lines appearing on each page are identical to those on the board-approved forms Assure that the numbering of lines, line contents, and the lines appearing on each page are identical to those on all WRA forms Assure that the line contents, legal descriptions and the lines appearing on each page are identical to those on the board-approved forms

TRUE OR FALSE: A licensee who reproduces or arranges for printing a form under s. REEB 16.03 (1) (a) or (b) may not modify the form in any way. TRUE FALSE

A licensee who reproduces or arranges for printing a form under s. REEB 16.03 (1) (a) or (b) may ___________________________. modify the form in any way reproduce the forms multiple times not modify the form in any way not reproduce the form for sellers only

TRUE OR FALSE: A licensee shall use the latest approved version of a board-approved form. TRUE FALSE

A licensee may cross out provisions on approved forms to reflect the agreement of a party to a transaction, provided that the deleted provisions ______________________________. remain legible are whited out completely are redacted have two lines through them

TRUE OR FALSE: May add additional blank lines or add additional lines containing textual content, or alter the format of the form in any other manner. TRUE FALSE

TRUE OR FALSE: A licensee may only used board approved forms or WRA forms in most real estate transactions and may not create their own forms. TRUE FALSE

A licensee shall use the board approved forms when? Acting as an agent or a party in a real estate or business opportunity transaction. Acting badly in a stage play Acting as a party in a commercial transaction The licensee is the owner of a property being sold by another firm