Agency
Under Wisconsin law, an agent's authority to sign documents on behalf of a principal must be established by a:
AVerbal instruction from the principal
BWritten power of attorney✓ Correct
CCourt order only
DAgency agreement alone
Explanation
For an agent to sign real estate documents on behalf of a principal in Wisconsin, a written power of attorney is required; verbal authority is insufficient for real estate matters.
People Also Study
Related Wisconsin Questions
- Under Wisconsin law, a broker's authority to sign documents on the client's behalf in a real estate transaction requires:Agency
- Under Wisconsin agency law, an agent who enters a transaction on behalf of a principal without authority but where the principal subsequently approves the transaction has authority through:Agency
- Under Wisconsin law, a landlord must provide a tenant with written notice of building code violations that exist at the time of rental. This is required by:Property Management
- A Wisconsin buyer and seller agree verbally to extend the closing date. This verbal modification to the written WB-11:Contracts
- Under Wisconsin law, the principal in an agency relationship has the power to: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:Agency
- In a Wisconsin 'dry closing,' the parties sign all documents but the deed is not recorded or funds disbursed until:Escrow & Title
Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Study This Topic
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →