Not every real estate transaction makes it to the closing table. This required Wisconsin continuing education course reviews what Wisconsin real estate licensees need to know when a transaction falls apart before closing. It also includes National Association of REALTORS® (NAR) Code of Ethics training for REALTOR® members.
- Amending a real estate condition report.
- Earnest money requirements.
- Default provisions in the Wisconsin Offer to Purchase.
In this course, you’ll learn about:
- When a real estate condition report must be amended.
- How earnest money is handled when a transaction does not close.
- Default provisions in the WB Offer to Purchase.
- The responsibilities of licensees when transactions don’t go as planned.
- How the NAR Code of Ethics applies in these situations.
Understanding what happens when a transaction doesn’t close helps Wisconsin real estate licensees handle unexpected situations professionally, comply with Wisconsin law, and better serve their clients when challenges arise.
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 earnest money in a Wisconsin real estate transaction?
- When must a Wisconsin real estate condition report be amended?
- What happens if a buyer or seller defaults on an Offer to Purchase?
- What happens to earnest money when a Wisconsin real estate transaction fails to close?
- What responsibilities does a Wisconsin real estate licensee have when a transaction fails to close?
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