Line by Line — Forms Training by the WRA 

Scratching your head with contract drafting questions? 

The WRA’s newest video series helps you reduce the risk of error and misrepresentation in your office. Led by WRA attorney Jennifer Lindsley, this video series details commonly used forms in Wisconsin real estate practice and covers forms line by line to offer best practice tips and common drafting mistakes.

Stay tuned for more Line by Line videos throughout 2018.

Line by Line Training Video Preview

 

Current Videos

Part 1: WB-1 Residential Listing Contract and the WB-42 Amendment to Listing Contract 

This video includes analysis of the WB-1 and the WB-42. Video length: 2 hours 30 minutes

Topics:

  • Five different ways to earn a commission.
  • When your commission is based on list price vs. purchase price.
  • Delivery, protected buyers and the extension of listing.
  • What happens to earnest money held by a firm if the seller's transaction fails to close.
  • What the different agency choices mean for you and your seller. 

Part 2: WB-36 Buyer Agency/Tenant Representation Agreement and WB-47 Amendment to Buyer Agency/Tenant Representation Agreement 

This video includes analysis of the WB-36 and the WB-47. Video length: 2 hours 10 minutes

Topics:

  • When a client can give a firm exclusive right to act as an agent.
  • Excluded properties subject to a prior agreement.
  • Various compensation models, such as flat-fee, hourly and retainer.
  • Disclosure to clients, protecting confidentiality and material adverse facts.
  • Lien notices and commercial transactions.

Part 3: WB-4 Condominium Listing Contract and WB-42 Amendment to Listing Contract 

This video includes analysis of the WB-4 and the WB-42. Video length: 2 hours 10 minutes

Topics: 

  • Correctly describe the condominium offered for sale
  • Help the seller identify what will be included in or excluded from from the sale.
  • Description of the unit, common elements, and limited common elements.
  • Delivery of condominium disclosure documents.
  • Buyer rescission based on condominium documents.

Pricing for Parts 1, 2 and 3

  • Member fee: $19.95 per video. This video series is only available for WRA REALTOR® members.  

Part 4: WB-11 Residential Offer to Purchase, WB-44 Counter-offer, WB-46 Multiple Counter-proposal, WB 40-Amendment to Offer, WB-41 Notice Relating to Offer, WB-45 Cancellation Agreement and Mutual Release, and the WB-25 Bill of Sale

This video includes analysis of the WB-11, WB-44, WB-46, WB-40, WB-41, WB-45 and WB-25. Video length: 4 hours 30 minutes
Topics:
  • Explore the residential offer to purchase and all the documents that can be part of a purchase transaction.
  • Learn how a seller can use a counter-offer or a counter-proposal for different negotiation strategies with buyers.
  • Master the different purposes of an amendment and notice. 
  • Use a bill of sale to transfer ownership from the seller to the buyer.
  • Review proper drafting techniques for a cancellation agreement and mutual release when the transaction is not going to close.

Pricing for Part 4 

  • Member fee: $39.95. This video series is only available for WRA REALTOR® members. 

Part 5: WB-14 Condominium Offer to Purchase, WB-44 Counter-offer, WB-46 Multiple Counter-proposal, WB 40-Amendment to Offer, WB-41 Notice Relating to Offer, WB-45 Cancellation Agreement and Mutual Release, and the WB-25 Bill of Sale

Topics: Video length: 2 hours 44 minutes

  • Explore the Condominium Offer to Purchase and all the documents that can be part of a purchase transaction.
  • Learn how to determine exactly what’s included in a condominium sale.
  • Discover how important deadlines for condominium documents can affect your transactions.
  • Master the different purposes of an amendment and notice. 
  • Review how to describe a unit’s common elements and limited common elements.
Pricing for Part 5
  • Member fee: $19.95. This series is only available for WRA REALTOR® members.
     
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