Agency
Which form is used in Wisconsin to create a buyer agency agreement?
AWB-11
BWB-36✓ Correct
CWB-41
DWB-1
Explanation
The WB-36 Buyer Agency/Tenant Representation Agreement is the standard Wisconsin form used to create a buyer agency relationship.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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