Wisconsin Elective Course #3 explains the disclosure and compensation requirements that apply when a real estate licensee has a personal interest in a transaction. The course reviews situations involving personal purchases, immediate family members, business entities, and compensation to help licensees comply with Wisconsin law and avoid conflicts of interest.
Topics covered in this course include:
- Disclosure requirements when a licensee buys or sells property for personal use.
- Transactions involving immediate family members.
- Disclosure requirements when a licensee has an interest in an LLC or other business entity.
- When written consent is required from all parties to a transaction.
- Compensation and referral fee rules for Wisconsin real estate licensees.
- Wisconsin’s prohibition against fee-splitting with unlicensed individuals.
Understanding these disclosure and compensation rules helps Wisconsin real estate licensees avoid conflicts of interest, comply with state law, and maintain the trust of buyers and sellers.
Our Wisconsin-approved 18-hour Continuing Education package includes Elective Course #3 along with all 12 mandatory courses and all 6 required elective courses—everything you need to satisfy your CE requirements for the current biennium.
CLICK HERE to learn more about our Wisconsin CE courses!
Related Questions
Here are a few other questions Wisconsin real estate licensees often ask:
- When must a Wisconsin real estate licensee disclose a personal interest in a transaction?
- Who is considered an immediate family member under Wisconsin real estate law?
- Can a Wisconsin real estate licensee receive a referral fee?
- What is fee-splitting in Wisconsin real estate?
- Can a Wisconsin real estate licensee buy property for personal use?
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