Wisconsin Mandatory Course #12 explains how financing and appraisal contingencies work in the Wisconsin Offer to Purchase. The course covers financing commitments, cash offers, appraisal contingencies, seller financing, and mortgage fraud so licensees understand how these provisions affect both buyers and sellers.
Topics covered in this course include:
- Financing commitment contingencies and loan commitments.
- Cash offers and proof of available funds.
- Seller financing and due-on-sale clauses.
- Appraisal contingencies and the seller’s right to cure.
- When and how appraisal objections must be made.
- Mortgage fraud and a licensee’s duty to disclose false or incomplete information to a secured lender.
Understanding these financing and appraisal provisions helps Wisconsin real estate licensees write stronger offers, properly advise their clients, and avoid costly mistakes during a transaction.
Our Wisconsin-approved 18-hour Continuing Education package includes Mandatory Course #12 along with all 11 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:
- What is a financing commitment contingency?
- What is an appraisal contingency?
- What happens if a property doesn’t appraise for the purchase price?
- What is seller financing in Wisconsin real estate?
- What is mortgage fraud in a real estate transaction?
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