Wisconsin Elective Course #6 explains the difference between personal property and fixtures and why properly documenting these items is essential in Wisconsin real estate transactions. The course reviews listing contracts, Offers to Purchase, pre-closing walk-throughs, and bills of sale to help licensees avoid misunderstandings and closing disputes.
Topics covered in this course include:
- The difference between personal property and fixtures.
- How included and not included items are documented in listing contracts and Offers to Purchase.
- Why written agreements take precedence over verbal agreements.
- The importance of the buyer’s pre-closing walk-through.
- When a WB-25 Bill of Sale is used to transfer personal property.
- Common mistakes that can lead to disputes at closing.
Understanding how personal property and fixtures are handled helps Wisconsin real estate licensees write clearer contracts, reduce closing disputes, and ensure buyers and sellers understand exactly what is included in the sale.
Our Wisconsin-approved 18-hour Continuing Education package includes Elective Course #6 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 questions addressed in this Wisconsin real estate CE course:
- What is the difference between personal property and a fixture?
- What items stay with a house when it is sold?
- What is a pre-closing walk-through in Wisconsin?
- What is a WB-25 Bill of Sale?
- Why should personal property agreements always be in writing?
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