Wisconsin Real Estate Sales Practice Exam 2026 – Complete Prep Guide

Question: 1 / 400

During a land contract, what type of title does the seller hold?

Equitable title

Legal title

In a land contract, the seller retains legal title to the property while the buyer holds equitable title. This arrangement means that although the buyer has the right to use and enjoy the property, and is often responsible for maintenance, the seller maintains ownership until the contract is fulfilled and the buyer pays off the agreed purchase price.

Legal title refers to the official ownership of the property as recorded in public records, which remains with the seller during the duration of the land contract. The buyer, on the other hand, obtains equitable title, which gives them the benefits of ownership, such as rights to occupy and use the property. This nuanced relationship between legal and equitable title is essential for understanding how land contracts operate and protects both parties’ interests during the contract period.

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Conditional title

Joint title

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