Home Buyers Guide
     Home Buyers Guide
     Overview
     Glossary of terms
     Buyer agency
     Shopping for a home
     Home buying tips
     Financing
     Offers and contracts
     Closing



In Wisconsin, a homebuyer can choose to work with a buyer’s agent or a selling agent. Either way, your agent is a specially trained professional, licensed by the state of Wisconsin, who is obligated by law to treat all parties to a real estate transaction fairly.

Selling Agent
If you work with a selling agent, there is no contract between you and the agent, and you are not the agent’s client. You will, however, receive a Broker Disclosure to Customerform that lists the fair treatment duties owed to you and indicates that the selling agent is either an agent of the seller or an agent of the listing broker (subagent).

Buyer’s Agent
If you work with a buyer’s agent, you are the buyer’s agent’s client. You and the buyer’s agent sign a WB-36 Exclusive Buyer Agency Agreement that includes a Disclosure of Real Estate Agency. The Disclosure lists the fair treatment duties owed to all parties and the duties owed to you as the client, and indicates that the buyer’s agent is the agent of the buyer.

The buyer’s agent works for the interests of the homebuyer, but also must know how to work with the listing agent. A buyer’s agent can:

 
1. Give a negative opinion or critique of a seller’s property beyond disclosing defects.
2. Recommend or suggest an offering price or give you an opinion about whether a particular house is priced too high or too low.
3. Structure the offer and draft offer provisions with the buyer’s best interests in mind.
4. Recommend and assist the buyer with negotiation strategies for the best price and terms.
5. Research and disclose information and research a property’s history title and liens so the buyer can make a better informed decision.
6. Give advice within the scope of the agent’s expertise as a licensed real estate professional.



 

 
Downloads
 
Home Buyers Guide
Affordability Guide
Mortgage Calculator

 
   
 
 

 

Wisconsin REALTORS® Association Website     |     Privacy Policy