Property Ownership
Wisconsin's transfer-on-death deed (TOD deed) allows a property owner to:
ASell the property without a real estate agent
BTransfer real estate to a named beneficiary at death, avoiding probate✓ Correct
CCreate a joint tenancy with right of survivorship
DDefer property taxes until death
Explanation
Wisconsin's transfer-on-death deed (Wis. Stat.
People Also Study
Related Wisconsin Questions
- Wisconsin's 'transfer on death' (TOD) deed allows property to transfer to a named beneficiary:Property Ownership
- A deed restriction in a Wisconsin subdivision prohibits fences over 4 feet high. A new owner builds a 6-foot fence. The remedy available to neighbors is:Property Ownership
- A Wisconsin buyer receives a bargain and sale deed, which conveys:Property Ownership
- A Wisconsin tenancy in common with three co-owners allows each owner to:Property Ownership
- Under Wisconsin Wis. Stat. § 452.19, a broker who receives an earnest money deposit must keep it separate from personal funds. Failure to do so is called:Wisconsin License Law
- A Wisconsin deed of trust would involve three parties: the borrower (trustor), the lender (beneficiary), and a:Finance
- A Wisconsin property owner receives a tax bill showing assessed value of $135,000 and a mill rate of 28. What is the annual property tax?Real Estate Math
- Under Wisconsin's race-notice recording statute, if Buyer A receives a deed on January 1 but does not record it, and Buyer B receives a deed on February 1 and records immediately WITHOUT notice of Buyer A's prior deed, who has priority?Escrow & Title
Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
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 →