Skip navigation Wisconsin State Legislature
This is the preview version of the Wisconsin State Legislature site.
Please see http://docs.legis.wisconsin.gov for the production version.
5. Marketing strategies.
(c) Professional services, including all of the following:
1. Attorneys.
2. Accountants.
(d) Operational policies, including all of the following:
1. Policy and procedures manual.
2. Independent contractors agreement.
(5) Financial and office management. Instruction relating to financial and office management shall include all of the following:
(a) Financial management, including all of the following:
1. System of income and expense accounting.
2. Accounts used for handling funds.
3. Bank reconciliations.
4. Financial reports.
(b) Budgeting, including all of the following:
1. Definition of a budget.
2. Purpose of the budget.
3. Comparison of budget income and expenses.
4. Preparing the budget.
(c) Office management under ch. REEB 15 including retention of records.
(6) Personnel. Instruction relating to personnel shall include all of the following:
(a) Hiring, including all of the following:
1. Agents.
2. Personal assistants.
3. The difference between employee and independent contractor.
4. Equal opportunity.
5. Workers’ compensation.
(b) Policy manual, including all of the following:
1. Purpose.
2. Recommended content.
3. Maintenance.
4. Access.
(c) Training.
(d) Licensure and supervision of licensees associated with a firm under s. 452.132, Stats., and ch. REEB 17.
(7) Business ethics. Instruction relating to real estate business ethics shall include all of the following:
(a) Dealing with the public, including all of the following:
1. Avoiding discrimination as required under s. REEB 24.03 (1).
2. Competence in the area of service under s. REEB 24.03 (2).
3. Legal counsel are not to be discouraged under s. REEB 24.06.
4. Tie-in arrangements under s. REEB 24.075.
5. Agreements in writing under s. REEB 24.08.
6. Misleading market values under s. REEB 24.09.
7. No net listings under s. REEB 24.10.
(b) Advertising, including all of the following:
1. False advertisements.
2. Disclosure to the public.
3. Obtain permission.
4. Advertised price.
(c) Offers under ss. REEB 24.12 and 24.13, including all of the following:
1. Confidentiality.
2. Drafting and submitting all offers.
3. Submitting promptly.
4. Presenting fairly.
5. Prompt notification.
(d) Disclosure of compensation and interest under s. REEB 24.05 and s. 452.133, Stats., including all of the following:
1. Disclosure of profits.
2. Disclosure of intent.
3. Property owned by licensee.
4. Referral of service.
5. Compensation from more than one party.
(e) Disclosure under s. REEB 24.07, including all of the following:
1. Material facts.
2. Material adverse facts.
3. Property inspection.
4. Agency.
5. “As-is” sales.
6. Optional disclosure.
(f) Dealings with fellow licensees, including all of the following:
1. Negotiations through a listing firm under s. REEB 24.13 (5).
2. Obtaining a seller’s permission for subagent under s. REEB 24.07 (8) (b) 2.
3. Confidentiality of offer under s. REEB 24.12.
4. Disclosing material adverse facts under s. REEB 24.07 (2).
5. False information under s. REEB 24.07 (3).
6. Disclosing buyer agent and seller subagent under s. REEB 24.07 (8).
(g) Dealings with licensee and salespeople, including all of the following:
1. Licensee supervision under s. 452.132, Stats.
2. Office supervision under s. 452.132, Stats.
(i) Agency relationships, including all of the following:
1. Multiple representation with designated agency.
2. Multiple representation without designated agency.
3. Single agency.
(8) Consumer protection. Instruction relating to real estate consumer protection shall include all of the following:
(a) Disclosure, including all of the following:
1. Property inspections under s. REEB 24.07 (1) (a).
2. Investigation of other facts under s. REEB 24.07 (1) (b).
3. Use of third party inspectors under s. REEB 24.07 (5).
4. Property condition under s. 452.23, Stats.
5. Civil liability for misrepresentation.
6. Seller’s disclosure duties under ch. 709, Stats.
7. Buyer’s inspection obligation.
Loading...
Loading...
Published under s. 35.93, Stats. Updated on the first day of each month. Entire code is always current. The Register date on each page is the date the chapter was last published.