Property Ownership
Wisconsin's 'Condominium Ownership Act' (Wis. Stat. Chapter 703) requires that a condominium be created by recording a:
APlat of survey
BDeclaration and condominium plat✓ Correct
CMaster deed and title insurance policy
DResolution of the condominium board
Explanation
Under Wis. Stat.
People Also Study
Related Wisconsin Questions
- Under Wis. Stat. Chapter 452, which of the following activities requires a Wisconsin real estate license?Wisconsin License Law
- The Wisconsin Condominium Ownership Act requires that buyers receive a condominium disclosure packet:Property Ownership
- Recording a deed in the Wisconsin register of deeds office provides:Escrow & Title
- Wisconsin's Wis. Stat. § 236.13 requires that a subdivision plat show all of the following EXCEPT:Land Use & Zoning
- Wisconsin's 'Condominium Act' requires that the condominium declaration include a description of:Property Ownership
- Wisconsin's Wis. Stat. Chapter 452 prohibits a licensee from receiving compensation from:Wisconsin License Law
- Under Wisconsin's Wis. Stat. Chapter 704, a 'holdover tenancy' occurs when:Property Management
- Under the Wisconsin Condominium Ownership Act, common elements are owned by:Property Ownership
Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
EasementA non-possessory right to use another person's land for a specific purpose.
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 →