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A WRA Publication Exclusively for the Designated REALTOR

A WRA Publication Exclusively for the Designated REALTOR 2025

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The March 2009 Legal Update from the Wisconsin REALTORS® Association focuses on working with distressed sales, including short sales, foreclosures, and Real Estate Owned (REO) properties. It provides REALTORS® with guidance on assisting sellers facing financial difficulties, outlining the foreclosure process, and offering resources for foreclosure prevention. The document includes checklists and sample addenda for short sales, emphasizing the importance of lender communication and understanding potential tax implications. It also discusses the legal responsibilities of REALTORS® in disclosing material facts related to distressed properties.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Do you have to be part of the National Association of Realtors?

A: The decision to require agents to be members of NAR has always been at the discretion of the broker. NAR cannot and does not require brokers to mandate membership in the REALTOR organization.

What is the new REALTOR law in Wisconsin?

How does Standard of Practice 10-5 relate to Article 10, which deals with discrimination? Article 10 provides as follows: REALTORS shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.

What are the standards of practice 10-5?

Standard of Practice 10-5 REALTORS must not use harassing speech, hate speech, epithets, or slurs based on race, color religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity.

What does designated REALTOR mean?

RHINELANDER, Wis. (WJFW) A recent anti-trust settlement by the National Association of Realtors will require home-buyers to sign an agreement with a realtor before touring a house either virtually or in person. Sellers will also no longer automatically cover the costs of agents fees for buyers.

What is Article 10 of the National Association of Realtors?

Meseck, the most common complaints involve: Septic systems. Solar leases. Failure to disclose and Sellers Property Disclosures. Water rights. Miscommunication. Agent-owned property and additional supervision. Multiple offers. Unpermitted work.

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What is article 11 of the REALTOR Code of Ethics?

Article 11 of the Realtor Code of Ethics states that realtors are obligated to provide their clients with competent services within the scope of their licensing. In the real estate industry, competence is critical. It involves a realtor being able to present their clients with factual information and recommendations.

What is article 10 of the Code of Ethics?

You may not post harassing speech, hate speech, epithets or slurs based on race, color, religion, sex, handicap, familial status, national origin, sexual orientation, or gender identity. Note that political affiliation is not a protected class.

A WRA Publication Exclusively for the Designated REALTOR 2025

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Do you have to be part of the National Association of Realtors?

What is the new REALTOR law in Wisconsin?

What are the standards of practice 10-5?

What does designated REALTOR mean?

What is Article 10 of the National Association of Realtors?

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What is article 11 of the REALTOR Code of Ethics?

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