Get the free WB-1 RESIDENTIAL LISTING CONTRACT - EXCLUSIVE RIGHT TO SELL

Approved by Wisconsin Department of Regulation and Licensing 4199 (Optional Use Date) 11199 (Mandatory Use Date)Keeffe Real Estate Abbey SpringsWB1 RESIDENTIAL LISTING CONTRACT EXCLUSIVE RIGHT TO

How to fill out wb-1 residential listing contract

How to fill out wb-1 residential listing contract:

1. Gather all necessary information: Before you begin filling out the wb-1 residential listing contract, make sure you have all the relevant information at hand. This includes property details, seller's contact information, and any other relevant documents or disclosures.
2. Date the contract: Start by entering the date on which the contract is being filled out. This ensures accurate record-keeping and identification of the contract.
3. Fill in the seller's information: Enter the seller's full legal name, address, and contact details in the specified sections of the wb-1 form. Make sure all information is accurate and up-to-date.
4. Provide property details: Describe the property being listed in detail. Include the address, legal description, and any other relevant information such as lot size or special features. This helps potential buyers understand the property better.
5. Specify the listing price: Enter the desired listing price for the property. This should be a realistic and competitive price that aligns with current market conditions. Consult with a real estate professional if needed.
6. Determine commission rates: Decide on the commission rates to be paid to the listing broker and any cooperating brokers involved in the transaction. Clearly state these rates in the contract to avoid any confusion later on.
7. Disclose any material defects or issues: As a seller, it is important to disclose any known material defects or issues with the property upfront. This includes structural problems, previous damage, or any other factors that could impact the value or desirability of the property.
8. Sign and date the contract: Once you have filled out all necessary sections of the wb-1 residential listing contract, review the information carefully. Sign and date the contract to signify your agreement with its terms and conditions.

Who needs wb-1 residential listing contract?

1. Homeowners selling their property: If you are a homeowner looking to sell your residential property, you may need to use the wb-1 residential listing contract. This contract helps establish the terms and conditions of the listing agreement between you (the seller) and a licensed real estate broker.
2. Licensed real estate brokers: Real estate brokers who represent sellers in residential transactions would also typically use the wb-1 residential listing contract. This contract outlines the responsibilities of the broker and establishes the commission rates for their services.
3. Buyers and potential investors: While not directly involved in filling out the wb-1 residential listing contract, buyers and potential investors in residential properties may benefit from understanding the contract. This knowledge can help them navigate the buying process and understand the terms of the listing agreement they may encounter.

For pdfFiller’s FAQs

What is wb-1 residential listing contract?

The wb-1 residential listing contract is a standardized agreement used by real estate agents to list residential properties for sale or lease.

Who is required to file wb-1 residential listing contract?

Real estate agents are required to file the wb-1 residential listing contract when listing a residential property for sale or lease.

How to fill out wb-1 residential listing contract?

The wb-1 residential listing contract can be filled out by providing information about the property, terms of the listing agreement, commission details, and signatures of all parties involved.

What is the purpose of wb-1 residential listing contract?

The purpose of the wb-1 residential listing contract is to establish the terms of the listing agreement between the real estate agent and the property owner.

What information must be reported on wb-1 residential listing contract?

The wb-1 residential listing contract must include details about the property, listing price, listing duration, commission rate, and any other relevant terms and conditions.

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