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Page 1 of 5, WB-3 Approved by the Wisconsin Department of Regulation and Licensing 10-1-08 (Optional Use Date) 1-1-09 (Mandatory Use Date) WB-3 VACANT LAND LISTING CONTRACT EXCLUSIVE RIGHT TO SELL
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People Also Ask about
What new feature was added to the appraisal contingency in the WB 11 residential offer to purchase?
What new feature was added to the appraisal contingency in the WB 11 residential offer to purchase? The appraisal contingency on page 6 of the updated offer includes a right-to-cure option for the seller.
What is a vacant lot offer to purchase in Wisconsin?
What is Wisconsin Vacant Land Offer to Purchase for? Form WB-13 is a standard form of an offer to purchase, which, if accepted by a seller, leads to the conclusion of a contract. This contract differs from the usual contracts of sale of real estate only in the fact that an object of the agreement is undeveloped land.
What is the WB 24 option to purchase?
The WB-24, unless modified, makes the payment of option fees, payment of extension fees, the seller's grant of the option, and the buyer's exercise of the option all time-is-of-the-essence. The buyer must exercise the option by the stated deadline if the option is to become a purchase contract.
Where are the rules established for using approved forms in WI?
The Wisconsin Department of Safety and Public Services website is where the state's licensees can find Wisconsin's approved real estate forms.
What is the original option to purchase?
What is an Option to Purchase (OTP)? It is a common step for the seller and buyer to enter into a contract for the sale and purchase of a property. An OTP is issued by the seller to the buyer, granting the buyer the option to purchase the property at an agreed price.
What is an option in Wisconsin real estate?
Option Definition The option agreement will be between the owner of the property and the potential buyer who is reserving the right to purchase the property. The owner of the real estate is the potential seller, also called the optionor. The other person – the potential buyer – is called the optionee.
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What is wb-13 - vacant land?
WB-13 is a form used to report information about vacant land.
Who is required to file wb-13 - vacant land?
Property owners or individuals responsible for vacant land are required to file WB-13.
How to fill out wb-13 - vacant land?
To fill out WB-13, you need to provide details about the vacant land, such as its location, size, ownership, and any improvements made.
What is the purpose of wb-13 - vacant land?
The purpose of WB-13 is to gather information about vacant land properties for tax or regulatory purposes.
What information must be reported on wb-13 - vacant land?
The information that must be reported on WB-13 includes the address of the vacant land, the size of the land, the ownership details, and any improvements made on the property.
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