Understanding Wisconsinâ€™s Buyers Agency
Â In Wisconsin, a homebuyer can choose to work with a buyerâ€™s agent or a selling agent. Either way, your agent is a specially trained professional, licensed by the state of Wisconsin, who is obligated by law to treat all parties to a real estate transaction fairly.
If you work with a selling agent, there is no contract between you and the agent, and you are not the agentâ€™s client. You will, however, receive a Disclosure of Real Estate Agency form that lists the fair treatment duties owed to you and indicates that the selling agent is the home sellerâ€™s agent.
If you work with a buyerâ€™s agent, you are the buyerâ€™s agentâ€™s client. You and the buyerâ€™s agent sign a WB-36 Exclusive Buyer Agency Agreement that includes a Disclosure of Real Estate Agency. The Disclosure lists the fair treatment duties owed to all parties and the duties owed to you as the client, and indicates that the buyerâ€™s agent is the agent of the buyer.
The buyerâ€™s agent works for the interests of the homebuyer, but also must know how to work with the listing agent. A buyerâ€™s agent can: