The Wisconsin Exclusive Agency or Agent Agreement is a legally binding contract between a real estate agent and their client, typically referred to as a Realtor Contract. This contract establishes an exclusive relationship between the client and the agent, wherein the agent acts as the sole representative for the client's real estate needs. This exclusive agreement ensures that the agent will be the only one representing the client and seeking potential buyers or tenants for their property. In Wisconsin, there are different types of Exclusive Agency or Agent Agreements that vary depending on specific requirements and circumstances. Some of these variations include: 1. Exclusive Agency Listing Agreement: This type of agreement gives the real estate agent the exclusive right to market and sell the client's property for a specified period. However, the client retains the right to sell the property on their own without paying a commission to the agent if they find a buyer independently. 2. Exclusive Right to Sell Agreement: In this agreement, the agent has exclusive rights to represent the client and market the property for sale. If the property is sold during the listing period, regardless of whether the client finds the buyer or the agent does, the agent is entitled to a commission. 3. Exclusive Agency Buyer's Representation Agreement: This agreement allows the agent to exclusively represent the client in their search for a property to purchase. The agent will assist in finding suitable properties, negotiating offers, and guiding the client through the buying process. 4. Exclusive Agency Tenant's Representation Agreement: This agreement grants the agent exclusive rights to represent the client in their search for rental properties. The agent will help the client find suitable rental units, negotiate lease terms, and provide guidance throughout the rental process. The Wisconsin Exclusive Agency or Agent Agreement typically includes key elements such as the duration of the agreement, the commission structure, the responsibilities and obligations of both the agent and the client, and any conditions or contingencies that apply. It is essential for both parties to thoroughly review the contract and seek legal advice if needed to ensure a clear understanding of their rights and obligations. This agreement helps to establish a professional and exclusive relationship between the agent and the client, providing a solid foundation for a successful real estate transaction.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.