Form Updates

The WRA has developed a new optional form, the WRA-DRC — Disclosure of Referral Compensation, to help real estate firms and licensees disclose referral compensation arrangements to consumers. The form may be used when a firm or licensee refers a consumer to another firm or receives a referral for which compensation may be paid. The WRA-DRC promotes transparency by informing consumers that compensation may be paid in connection with a referral. Use of the form is voluntary, as Wisconsin law does not currently require this disclosure.

2025 Wisconsin Act 120 amended Wis. Stat. Chap. 709 to add a new question to both the Real Estate Condition Report (RECR) and the Vacant Land Disclosure Report (VLDR) asking whether the seller is aware of an existing neighborhood improvement special assessment. The change, effective October 1, 2026, reflects new legislation allowing neighborhood improvement districts to impose special assessments to finance infrastructure related to residential development. The new question appears as E3m in the RECR and D2m in the VLDR.

The Wisconsin Real Estate Examining Board (REEB) revised several approved (WB) forms to implement changes made by 2025 Wisconsin Act 69. The revised forms are available for optional use beginning October 1, 2026, and will be mandatory beginning January 1, 2027.

The revisions include new requirements for public marketing of residential property, changes to compensation provisions in listing contracts and buyer agency agreements, and new provisions addressing seller payment of a buyer's firm's compensation in offers to purchase and options to purchase.

The revised forms also contain other updates and clarifications throughout.

• See the changes to the revised WB-1 Residential Listing Contract

• See the changes to the revised WB-36 Buyer Agency Agreement

• See the changes to the revised WB-11 Residential Offer to Purchase

• See the new WB-55 Public Marketing Opt-Out Agreement

Listing contracts

• WB-1 Residential Listing Contract — Exclusive Right to Sell

• WB-2 Farm Listing Contract — Exclusive Right to Sell

• WB-3 Vacant Land Listing Contract — Exclusive Right to Sell

• WB-4 Residential Condominium Listing Contract — Exclusive Right to Sell

Buyer agency agreement

• WB-36 Buyer Agency Agreement

Offers to purchase

• WB-11 Residential Offer to Purchase

• WB-12 Farm Offer to Purchase

• WB-13 Vacant Land Offer to Purchase

• WB-14 Residential Condominium Offer to Purchase

• WB-24 Option to Purchase

Licensees may begin using the revised forms on October 1, 2026. Use of the revised forms becomes mandatory January 1, 2027.

The revised WB forms are available in Transactions (zipForm Edition) and the WRA Forms Library.

The WB forms are prepared and approved for use by the REEB. Prior to approval, drafts are reviewed by the WRA 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.

The WRA offers essential forms products as a benefit of membership, including Transactions (zipForm Edition), the WRA Forms Library and Line by Line forms training. These essential tools help REALTORS^® streamline transactions, stay compliant with Wisconsin forms, and build confidence in understanding and drafting contracts.