Forms Update Resources

2021 Updates

WB-16 and WB-17 Changes, WB-25 and WB-46 Revisions

In September 2021, the Real Estate Examining Board approved updated versions of the WB-16 Offer to Purchase — Business With Real Estate and the WB-17 Offer to Purchase — Business Without Real Estate along with revised versions of the WB-25 Bill of Sale and the WB-46 Multiple Counter-Proposal. All of these forms have optional use and mandatory use dates of September 1, 2021, and October 1, 2021, respectively. These forms, watermarked for educational use, are available below and on the DSPS website.

WB-16, WB-17, WB-25 and WB-46 resources:

WB-13 and WB-15 Changes

In October 2020, the Real Estate Examining Board approved a new version of the WB-13 Vacant Land Offer to Purchase form and the WB-15 Commercial Offer to Purchase. Both forms have the same optional use and mandatory use dates of January 1, 2021, and February 1, 2021, respectively. Both forms, watermarked for educational use, are available below and on the DSPS website here

2021 WB-13 and WB-15 resources:

Changes

The Real Estate Examining Board approved a new version of the WB-12 Farm Offer to Purchase with an optional use date of April 1, 2021, and a mandatory use date of May 1, 2021. A watermarked version for educational use is available below (with yellow-highlighted changes) and on the DSPS website

2021 WB-12 resources:


      Educational use forms for download

      2020 WB-11 "Take 2"  2020 WB-14  FIRPTA Flowchart  2021 WB-13  2021 WB-15
      WB-11 Take 2 Thumbnail WB-14 Thumbnail FIRPTA Flowchart Thumbnail WB-13 Thumbnail WB-15 Thumbnail
      Download PDF >>   Download PDF >>  Download PDF >>  Download PDF >>  Download PDF >>
      2020 WB-12 2021 WB-16  2021 WB-17  2021 WB-25 2021 WB-46
      WB-12 Thumbnail WB-16 Thumbnail WB-17 Thumbnail WB-25 Thumbnail WB-46 Thumbnail
      Download PDF >>  Download PDF >>  Download PDF >>  Download PDF >>  Download PDF >> 



      2020 Updates

      WB-11 "Take 2" and WB-14 Changes

      In June 2020, the Real Estate Examining Board approved a new version of the WB-11 Residential Offer to Purchase form and the WB-14 Residential Condominium Offer to Purchase. Given this is the second WB-11 Residential Offer to Purchase released in 2020, the form will be referred to as WB-11 "Take 2." Both forms have the same optional use and mandatory use dates of August 1, 2020, and September 1, 2020, respectively. Both forms, watermarked for educational use, are available above.

      WB-11 "Take 2" resources:

      WB-14 resources:

      WB-11 "Take 1" resources:

      • "WB-11 Revisions: A Three-part Discussion," three-part article in the October 2019 Wisconsin Real Estate Magazinewww.wra.org/WREM/October2019
      • "Surprise on the Horizon" in the September 2019 Wisconsin Real Estate Magazinewww.wra.org/WREM/Sep19/Surprise
      • November 2019 Legal Update, "WB-11 Residential Offer to Purchase — 2020 Edition — Part 3," at www.wra.org/LU1911
      • October 2019 Legal Update, "WB-11 Residential Offer to Purchase — 2020 Edition — Part 2," at www.wra.org/LU1910
      • September 2019 Legal Update, "WB-11 Residential Offer to Purchase — 2020 Edition — Part 1," at www.wra.org/LU1909
      • 25-part video series covering the changes to the WB-11 "Take 1" plus three videos detailing FIRPTA requirements at www.wra.org/WB11changes (WRA login required)

        September 2020 Update to Disclosure Reports

        The WRA made modifications to the Real Estate Condition Report and the Vacant Land Disclosure Report. These changes are to reflect the anticipated statutory updates and changes to the newly released WB-11 "Take 2" and the WB-14. To learn more, see the following resources:


        More Forms Details

        How are the new forms developed?

        The WB forms are prepared and approved for use by the REEB. Prior to approval, drafts are reviewed by the Wisconsin REALTORS® Association forms committee, chaired by REALTOR® Tom Sykora, and comments are forwarded on to the DSPS real estate contractual forms advisory committee. Once the DSPS state forms are finalized, WRA-drafted forms are examined to see if changes are warranted.

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