Coronavirs Resources

LEGAL ISSUES

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Updated 3:17 p.m. CT, April 3, 2020

NEW! Revised Addendum CV – Coronavirus (COVID-19) Provisions

“Addendum CV - Coronavirus (COVID-19) Provisions” has been revised. It addresses potential delays that might arise due to an office of a government agency or service provider closing or if a person involved in a transaction is quarantined or isolated due to COVID-19. The revised version has separate check-box provisions with definitions and clearer language. The Addendum can be used when writing an offer or for amendment (attached and incorporated into the WB-40 Amendment at line 28).

Due to the ever-evolving concerns and discussions surrounding the virus, this form may be frequently changed. We will keep you informed as to any modifications and explanations accordingly. The WRA legal team will continue to work to help provide you and your consumers guidance during these unprecedented times. 

Download Addendum CV

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Updated 3:00 p.m. CT, April 3, 2020

WRA FAQ Document Regarding CARES Act and Related COVID-19 Initiatives

The WRA Legal Hotline has received several inquiries regarding unemployment claims amid the coronavirus pandemic. As a response to WRA member questions, and to further provide clarification, the WRA legal team developed a document titled "The Federal CARES Act and Related COVID-19 Initiatives FAQs." This document details hotline discussions related to the Paycheck Protection Program (PPP) forgivable loans, Economic Injury Disaster Loans (EIDL) and Grants, the Pandemic Unemployment Assistance Program, and the Families First Coronavirus Response Act.

Download the Information Document

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Updated 3:00 p.m. CT, April 2, 2020

WRA Notice Regarding Title Commitment Trend Related to the Coronavirus

The WRA would like to make you aware of a national title insurance trend of including certain language in title commitments regarding the coronavirus. While we have not heard of this language frequently popping up in Wisconsin title commitments, we wanted to make you aware in case the buyer is presented a title commitment with the following or similar language.

Download the Information Document

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Updated 5:00 p.m. CT, March 27, 2020

WRA Updated FAQ Document Regarding "Safer at Home" Executive Order

The WRA legal team created a list of frequently asked questions relating to Gov. Evers’ Emergency Order #12 "Safer at Home" Order. While the original document was created on March 25, the document is frequently updated with additional FAQs and information. This document was last updated on March 27; download the newest document at the button below.

Download the FAQ Document

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Updated 12:25 p.m. CT, March 26, 2020

Coronavirus (COVID-19): Showings and Inspections Agreement CVSI

In response to contractual concerns relating to the coronavirus and to assist in the implementation of the governor’s "safer at home" order, the WRA created the WRA-CVSI — Coronavirus (COVID-19): Showings and Inspections Agreement to help make everyone aware and responsible to take safety precautions and to make clear the real estate licensees are not liable for any damages relating to showings or inspections conducted during the COVID-19 pandemic. 

The WRA-CVSI may be used for showings by checking the first box. In this case, the buyer prospects and their agents are the Visiting Parties as defined in the form; the form would be signed by the seller, the listing firm and the buyer prospect and their agents as Visiting Parties. If the form is used for inspections, the second box is checked. In this case the contractors  — Service Providers under the Agreement  — would sign as Visiting Parties, along with the seller and the listing firm.

Due to the ever-evolving concerns and discussions surrounding the virus, this form may be frequently changed. We will keep you informed as to any modifications and explanations accordingly. The WRA legal team will continue to work to provide you and your consumers guidance during these unprecedented times. 

Download the WRA-CVSI

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Updated 1:01 p.m. CT, March 19, 2020

Coronavirus: Legal Q&As

The WRA Legal Hotline has received several inquiries on conducting real estate business during the coronavirus quarantine period. Get answers to common questions on agency cooperation duties and showings, including writing an offer when a buyer has seen property but agent refused, and open houses and showings in vacant home. [Full story]

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Updated 7:00 p.m. CT, March 18, 2020

COVID-19 Impact: Real Estate Transactions and Practices

The coronavirus is creating new and unprecedented issues in real estate transactions. The WRA’s legal team is here to assist during these challenging times. This video addresses concerns with current listings, contract drafting, remote notaries and resources for additional information.






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