Wisconsin Real Estate Sales Practice Exam 2025 – Complete Prep Guide

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A seller's property sold for $150,000. How much was the transfer fee?

$450

In Wisconsin, the transfer fee is calculated based on the sale price of the property. The formula used for calculating the transfer fee is that there is a base fee of $3 per $1,000 of the property's sale price, with an additional $1 for any part of $1,000.

In this case, the selling price of the property is $150,000. To calculate the transfer fee, you first convert the sale price into thousands: $150,000 is equivalent to 150 units of $1,000. Then, using the fee structure, you would multiply 150 by $3, which gives you $450.

Adding to this, since there is no additional part of $1,000 in this scenario (as $150,000 is exactly $150), there is no need to add any further fees. Therefore, the total transfer fee for the seller's property would indeed be $450, making this the correct answer. Understanding this calculation method can help when dealing with real estate transactions in Wisconsin, ensuring you are aware of the applicable fees associated with property transfers.

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$500

$750

$1,000

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