Wisconsin Real Estate Sales Practice Exam

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Prepare for the Wisconsin Real Estate Sales Exam. Utilize flashcards and multiple choice questions with detailed explanations. Achieve success on your test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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When must client funds be deposited into a broker's trust account?

Within 24 hours of receipt
Within 48 hours of receipt
Within 72 hours of receipt
Before the closing date

The correct answer is: Within 48 hours of receipt

Client funds must be deposited into a broker's trust account within 48 hours of receipt to comply with Wisconsin real estate regulations. This requirement is in place to ensure that client funds are handled securely and properly. Timely deposit helps maintain transparency in financial transactions and protects the interests of the clients by preventing potential misuse or mismanagement of their funds. By establishing this timeframe, the regulations aim to promote professionalism and accountability in real estate practices. The other options do not align with the regulatory timeframe and would not adequately ensure the timely handling of client funds.