Updated December 28, 2022
A Wisconsin listing agreement is used to formalize the arrangement between a real estate broker and a property owner wherein the broker will be authorized to sell the owner’s property. The contract must have a beginning date and a termination date of the agreement, as well as the commission that the broker will be awarded if they sell the property. The contract must also include any additional property that the real estate owner is putting up for sale. Once the agreement form has been signed by all parties, the broker will have up until the contract’s termination date to act as the property owner’s representative in the sale of their property. In the event that the broker successfully sells the owner’s real estate, they will be entitled to the agreed-upon commission.
Agency Disclosure Form (§ 452-135(2)(a)) – Real estate agencies must provide clients with an agency disclosure statement prior to entering into an agreement with them.
Dual Agency (§ 452-135(2)(a)) – Dual agency is legal in Wisconsin as long as all parties provide their written consent.
Property Disclosure Statement – Property sellers must provide buyers with a property disclosure statement within ten (10) days of making an agreement to purchase. When selling a condominium, the seller must also provide a Condominium Addendum to Real Estate Condition Report.
Search a Licensee – The Wisconsin Credential/License Search webpage can be used to verify the license of a real estate broker.