Wisconsin Real Estate Sales Practice Exam

In the WB-1 Residential Listing Contract, which lines address the broker's marketing plan?

1. Lines 10-12

2. Lines 15-18

3. Lines 20-22

4. Lines 5-7

The correct answer is: Lines 15-18

The correct answer is found in lines 15-18 of the WB-1 Residential Listing Contract, which specifically detail the broker's marketing plan. This section is critical because it outlines how the broker intends to promote the property to potential buyers. A well-defined marketing plan is essential for effectively reaching the target audience and maximizing the property's visibility in the market. The other sections mentioned do not focus on the marketing strategy. Lines 10-12 typically include general information about the listing or property features, while lines 20-22 might cover specific terms or conditions of the agreement. Lines 5-7 usually address fundamental aspects of the contract such as the parties involved and effective dates. Understanding where each piece of information is located helps clarify the overall structure of the contract and the responsibilities of the broker.