Carlos is a licensed real estate salesperson in Illinois who has recently moved to Wisconsin. He wants to obtain a Wisconsin salesperson license without completing the full 72-hour pre-license education requirement. Under Wisconsin's reciprocity provisions, which of the following conditions would most likely allow Carlos to qualify for a Wisconsin license with reduced education requirements?
Correct Answer
A) Carlos holds an active Illinois license and has completed Illinois pre-license education substantially equivalent to Wisconsin's requirements.
Wisconsin's reciprocity provisions allow out-of-state licensees to obtain a Wisconsin license with reduced pre-license education requirements if their home state's education is substantially equivalent to Wisconsin's requirements. The key factor is equivalency of education, not years of experience or payment of a special fee. Carlos would need to demonstrate that Illinois pre-license education meets Wisconsin's standards as determined by the Wisconsin REEB.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
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- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
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