Agency
A Wisconsin listing agent who signs a listing agreement in January and the listing expires in July has authority to act on behalf of the seller only:
AIn perpetuity once signed
BDuring the term specified in the listing agreement (January through July)✓ Correct
CUntil the seller cancels verbally
DFor one year from the date of signing
Explanation
A listing agreement is valid only for its stated term; the broker's authority to act on behalf of the seller exists only during that contractual period.
Related Wisconsin Agency Questions
- An agent who represents neither buyer nor seller but facilitates the transaction is acting as a:
- In Wisconsin, subagency means the cooperating broker's agent represents:
- A Wisconsin seller's agent receives an offer far below the listing price. The agent's duty is to:
- A Wisconsin licensee working as a buyer's agent must present all offers to the seller regardless of:
- Under Wisconsin law, a buyer's agent who learns the seller will accept less than the listing price should:
- A Wisconsin listing contract that expires without the property selling terminates the broker's authority. If the seller subsequently accepts a referral from the expired broker to a buyer, the broker may:
- A Wisconsin seller who enters into an exclusive right to sell agreement with Broker A, and then secretly lists with Broker B, is:
- In Wisconsin, when a buyer's agent also shows a property listed by their own brokerage firm, the situation may create:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →