Wisconsin State Law & Your Realtor®
Wisconsin allows buyers to choose
how their agent works for them.
You can choose to have me work as a buyer’s agent or a seller’s agent. State law says, by default every agent represents the seller. Even though your agent shows you 10 houses, writes & negotiates your offer, he must have the seller’s best interests in mind even though he has probably never even met the seller. As your buyer’s agent, I represent you and negotiate with your best interests in mind. I can also show you a properties MLS history, how long it has been on the market and any price reductions it may have had. As a buyers agent I can also show you what neighboring properties have sold for and suggest an offer price. I can even make you aware of reasons for buying or not buying a specific property.
| Duties of Real Estate Agents in Wisconsin | |
| Duties Owed to All Parties | Duties Owed to Clients |
| Fair & Honest Treatment | Fair & Honest Treatment |
| Resonable Care & Skill | Resonable Care & Skill |
| Provide Accurate Market Conditions Information – When Asked | Provide Accurate Market Conditions Information – When Asked |
| Disclosure of Matterial Adverse Facts | Disclosure of Matterial Adverse Facts |
| Confidentiality | Confidentiality |
| Safeguard Funds or Property | Safeguard Funds or Property |
| Objective Presentation of Offers | Objective Presentation of Offers |
| Provide Information & Advise – When Requested | |
| Disclosure of Matterial Information | |
| Obedient to the Buyers Needs | |
| Negotiate on the Buyers Behalf - Unless Waived | |
| Loyalty to the Buyers Interest |
Simply put, without a buyer agency agreement you’re on your own when purchasing your single largest possession because your agent is representing and negotiating in the best interest of the seller. For 99% of all buyers, a buyer agency agreement costs you nothing because sellers pay the commission. Remember, there isn’t anything your seller wants more than to have you on your own when purchasing their house. Protect yourself and have representation when buying your next home!
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If you’re looking to purchase a new home, look for an agent with the ABR® deesignation |
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Why should you look for the ABR® designation before looking for a home? These three letters after your agents name tell you that you will be working with an accredited buyer representative who is committed to your best interests. The ABR® designation is awarded by REBAC to those few REALTORS® who have met the specific educational and experiential criteria needed to provide the high level quality service required by REBAC (Real Estate BUYER’S AGENT Council). Less than 2% of all agents have this accreditation.
| Working with an agent who represents you has many advantages . . . | ||
| Services and Duties Provided | Buyer’s Agent | Seller’s Agent |
| Arrange property showings | X | X |
| Provide Accurate Market Information – When Asked | X | X |
| Explain forms & agreements | X | X |
| Monitor escrow & closing | X | X |
| Offer you advise | X | |
| Promote & protect your best interests | X | |
| Assist in writing the offer with your best interest in mind | X | |
| Negotiate the best price & terms for you | X | |
| Point out reasons not to buy a property by pointing out the negative aspects of the property | X | |
| Pass on information that may enhance your bargaining position | X | |
| Help determine an offer price by providing a CMA along with the agents opinion | X |
Effective July 1st, 2006 Wisconsin is now a Designated Agency state. If you consent to designated agency you now receive the full benefits of buyer agency when writing an offer on a Shorewest listed property. That is, your agent represents you just as they would in any other transaction. Dual agency is still a possiblity if the agent represents both the buyer and seller. In this instance, the agent can give you all the information needed to make a decission, but can not give advise to either party and must remain neutral. Remember, in Wisconsin anything told in confidence must remain confidential.
| Buyer Agency Get Your Agent Working For You! Can a Buyers Agent do more for you than an ordinary real estate agent? Selecting a real estate agent to represent you can be a very important decision. |
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| Do you want your sales agent to: | Buyer’s Agent | Seller’s Agent |
| Negotiate in your best interest? | YES | NO |
| Write offers & counter offers in your best interest? | YES | NO |
| Advise you that a home may not be right for you and your family? | YES | NO |
| Advise you that a home maybe overpriced? | YES | NO |
| Show you properties that are not in MLS? | YES | NO |
| Disclose pertinent information about the sellers urgenc to sell? | YES | NO |
| Work to get the house you want at the fairest price and best terms? | YES | NO |
Information regarding the Wisconsin sex offender registry
can be obtained at:
www.widocoffenders.org or by phone at 877-234-0085.
Mark Dallmann combines the best in
Realtor training to protect your interests.
ABR – Accredited Buyer Representitive
CNE – Certified Negociation Expert
Thanks Mark, I've been very busy with work "both jobs" as well as fulfilling my position as a father, I must say I am quite happy being a home owner. Although in my "spare" time, I do spend most of it at home doing repairs or improvements, and that is rewarding to me. I thank you again for taking the time to be my realtor, and finding the home that I was searching for has made me a happy camper. My neighbors are great, and so is the home and neighborhood, thanks again Mark. 
