Wb41 Fillable 2022-2025 Form
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People also ask 2010 wb41
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What is a notice of defects in Wisconsin real estate?
Notice: The buyer provides a written notice of defects that lists the defects to which the buyer objects, and the buyer provides a copy of the inspection report. The seller has 10 days from the delivery to elect to cure, elect not to cure or offer an amendment to renegotiate.
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What do you call an agent who represents a buyer and a seller?
A disclosed dual agent represents both the buyer and the seller in the same real estate transaction. In such relationships, dual agents owe limited fiduciary duties to both buyer and seller clients.
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Can a Realtor represent both the buyer and the seller?
Legally speaking, a dual agent is a real estate broker, or agents working for the same broker, who act on behalf of both the seller and the buyer in a transaction. A broker is permitted to act as a dual agent in California only if the buyer and seller are both aware of and consent to the dual agency.
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Can a Realtor represent both buyer and seller in Wisconsin?
Multiple representation means the brokerage firm can represent a Seller and also have a buyer-agency agreement with Buyers, meaning the brokerage firm has a fiduciary responsibility to both the Buyer and the Seller. Within a large brokerage firm of, say, 3,000 agents, this is common practice.
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Is a dual agent a good idea?
Dual agency is fine as long as you recognize the agent is primarily working to get the deal closed (and in this case, also the seller's interests), and doesn't care about your best interests. So they'll help make sure your financing goes through, but won't stop you from taking on a money pit house.
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Can a realtor represent the buyer and seller in Wisconsin?
Multiple representation exists when one real estate firm represents both the seller and the buyer as clients in the same transaction. That means the seller signed a listing contract and the buyer signed a buyer agency agreement with agents from the same firm.
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