Agency
Under Wisconsin agency law, a 'client' is defined as a person who has entered into a:
APurchase agreement
BBrokerage service agreement (agency agreement)✓ Correct
CShowing appointment
DVerbal agreement with a licensee
Explanation
In Wisconsin, a 'client' is a party who has entered into a written brokerage service agreement (buyer agency or listing agreement) with a licensee.
Related Wisconsin Agency Questions
- A Wisconsin real estate team (a group of licensees operating under one name within a brokerage) must:
- Under Wisconsin law, an agent must disclose material adverse facts to:
- A Wisconsin seller's agent receives an offer that is lower than the listing price. The agent must:
- A Wisconsin licensee who represents neither the buyer nor seller but assists both in completing the transaction is acting as a:
- A Wisconsin seller's agent who acts as an undisclosed dual agent (without obtaining consent) may face:
- In Wisconsin, dual agency requires:
- A Wisconsin listing agent's primary fiduciary duty is to:
- A Wisconsin buyer's agent who knows the seller is in financial distress but does NOT disclose this to the buyer is:
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