Wisconsin License Law
A Wisconsin real estate salesperson may accept a bonus directly from a seller in addition to their commission if:
AThe bonus is under $500
BThe employing broker is informed and consents to the arrangement✓ Correct
CThe buyer also receives a bonus of equal value
DThe bonus is paid after the closing date
Explanation
Wisconsin licensees may receive additional compensation from clients only with the knowledge and consent of their employing broker. All compensation flows through the broker unless the broker authorizes otherwise.
Related Wisconsin Wisconsin License Law Questions
- A Wisconsin real estate salesperson who accepts compensation directly from a buyer instead of through the broker is:
- A Wisconsin licensee who is convicted of a felony must report the conviction to:
- In Wisconsin, an unlicensed person who performs real estate brokerage activities for compensation is subject to:
- A Wisconsin licensee who wants to use a team name in advertising must ensure the team name:
- A Wisconsin real estate licensee's E&O (Errors and Omissions) insurance:
- In Wisconsin, a real estate broker must maintain trust account records for at least:
- A Wisconsin licensee acting as a property manager who fails to maintain proper trust account records is subject to:
- Wisconsin's Real Estate Examining Board (REEB) meets regularly to:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →