Wisconsin Real Estate Exam Prep 2026 | Real Estate Practice Questions

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A Wisconsin real estate licensee is representing a seller. A potential buyer, who is a customer and not represented by any agent, asks the licensee for advice on how much to offer for the property. According to Wisconsin agency law, how should the licensee respond?

Advise the buyer on a competitive offer price based on market analysis. Refuse to provide any advice, stating it would be a conflict of interest. Inform the buyer that they cannot provide advice, as their duty is to the seller, and recommend the buyer seek their own representation. Suggest a low offer to start negotiations, benefiting their seller client.

Correct Answer:

Inform the buyer that they cannot provide advice, as their duty is to the seller, and recommend the buyer seek their own representation.

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