REEB 25.028(2)(h)1.c. c. Definition of trust funds.

REEB 25.028(2)(h)1.d. d. When a trust account is required.

REEB 25.028(2)(h)1.e. e. Depositing of trust funds.

REEB 25.028(2)(h)2. 2. Escrow agreement procedures, including all of the following:

REEB 25.028(2)(h)2.a. a. Escrows requiring separate escrow agreements.

REEB 25.028(2)(h)2.b. b. Pre-closing earnest money escrows.

REEB 25.028(2)(h)2.c. c. Post-closing escrows.

REEB 25.028(2)(h)2.d. d. Escrows not requiring separate escrow agreement.

REEB 25.028(2)(h)2.e. e. Drafting escrow agreements.

REEB 25.028(2)(i) (i) Miscellaneous issues, including all of the following:

REEB 25.028(2)(i)1. 1. Condominiums under ss. 703.08, 703.21 and 703.33, Stats.

REEB 25.028(2)(i)2. 2. Homestead under ss. 706.01 (7) and 766.605, Stats.

REEB 25.028(2)(i)3. 3. Taxes under ss. 74.15, and 74.47 (1) and (2), Stats.

REEB 25.028(2)(i)4. 4. Taxation and transfer fees under ss. 77.22 and 77.27, Stats.

REEB 25.028(2)(i)5. 5. Residential rental practices under ss. ATCP 134.02, 134.06, and 134.09.

REEB 25.028(2)(i)6. 6. Documents and records under ch. REEB 15.

REEB 25.028(2)(i)7. 7. Licensure and supervision of licensees associated with a firm under ch. REEB 17 and s. 452.132, Stats.

REEB 25.028(2)(i)8. 8. Property rights of married persons under ss. 766.31, 766.51, 766.60, and 766.63, Stats.

REEB 25.028(2)(i)9. 9. Mortgage banking under s. 224.71, Stats.

REEB 25.028 History History: CR 15-010: cr. Register September 2015 No. 717, eff. 10-1-15; CR 17-100: renum. (1) (g) (intro.) to (1) (g) and am., r. (1) (g) 1. to 3. Register July 2018 No. 751, eff. 8-1-18; CR 19-128: r. (2) (g) 5. Register January 2021 No. 781, eff. 2-1-21; CR 23-075: am. (intro.), (1) (g), (2) (a) 3. e. to g., i. to L. (d) 2., 4. (intro.), (e) 2., (i) 7. Register August 2024 No. 824, eff. 9-1-24; correction in (2) (i) 7. made under s. 35.17, Stats., Register August 2024 No. 824.

REEB 25.033 REEB 25.033 Salesperson’s pre-license program. An education program for applicants for a real estate salesperson’s license shall consist of 72 hours. The education program shall contain all of the following topics:

REEB 25.033(1) (1) Real property. Instruction relating to real property shall include all of the following:

REEB 25.033(1)(a) (a) Land, real estate and real property.

REEB 25.033(1)(b) (b) The difference between real property and personal property.

REEB 25.033(1)(c) (c) Classification of fixtures.

REEB 25.033(1)(d) (d) Characteristics of real estate.

REEB 25.033(1)(e) (e) Types of home ownership.

REEB 25.033(1)(f) (f) Mobile homes under s. 70.043, Stats.

REEB 25.033 Note Note: Section 70.043, Stats., was repealed by 2023 Wisconsin Act 12.