Wis. Admin. Code Real Estate Examining Board REEB 15.02

Current through October 28, 2024
Section REEB 15.02 - Retention of records
(1) A licensee shall promptly provide an exact and complete copy of any document utilized, prepared, or received by the licensee in real estate practice to any person who has signed the document.
(2) A licensee shall promptly distribute to the following persons exact and complete copies of offers to purchase, amendments to contracts of sale, counter-offers, exchange agreements, or grants of option which have been accepted and signed by all the parties:
(a) The seller.
(b) The buyer.
(c) The listing broker.
(d) The selling broker.
(3) A broker or salesperson shall promptly distribute an exact and complete copy of a lease or rental agreement which has been accepted and signed by all parties to the tenant upon execution of the lease or rental agreement when the tenant leases the property and to the landlord upon the landlord's request.
(4) A broker or salesperson shall promptly distribute an exact and complete copy of a listing contract or agency agreement that has been accepted and signed by all parties to the client when the client signs an agency agreement.

Wis. Admin. Code Real Estate Examining Board REEB 15.02

Cr. Register, November, 1985, No. 359, eff. 12-1-85.
Amended by, CR 16-042: am. (1), (2) (intro.), (3), cr. (4) Register February 2017 No. 734, eff.3/1/2017