CLEW Publications

Wisconsin Real Estate Clauses: Contingencies and Other Standard Provisions

by Debra P. Conrad, Cori Lamont, Tracy Rucka, Scott Minter

2012 edition, 239 pages, $30.00

This popular handbook is a basic and current source book for drafting clause language and other common contractual provisions in real estate transactions. The handbook contains sample clauses dealing with issues raised in contemporary real estate transactions. The new edition is an up-to-date collection of contract clauses which are typically inserted into real estate offers to purchase. Also included in this handbook are checklists and advice to follow in the drafting of offers and counteroffers. The 2012 edition adds 136 new clauses to bring the total number of suggested clauses to 266. The updated text discusses the revised offers to purchase approved by the Wisconsin Real Estate Examining Board.  Offers to purchase and other forms approved by the board are included as appendices, along with Wisconsin REALTORS® Association preprinted addenda containing contingencies.

CHAPTER I: DRAFTING CONSIDERATIONS AND ADVICE

CHAPTER II: SAMPLE CLAUSES: AGENCY AGREEMENTS

   Section 1: Listing Contracts

   Section 2: Buyer Agency Agreements

CHAPTER III: SAMPLE CLAUSES: OFFER TO PURCHASE AND OTHER CONTRACTS

   Section 1: Addenda, Contract Construction, Definitions, Delivery and Offer Acceleration

   Section 2: Appraisal

   Section 3: Approvals and Code Compliance

   Section 4: Buyer Agency Compensation

   Section 5: Closing, Title Evidence and Type of Deed

   Section 6: Defects, "As-Is" and Repairs

   Section 7: Earnest Money

   Section 8: Environmental

   Section 9: Financing

   Section 10: Homeowners Associations and Subdivision Covenants and Restrictions

   Section 11: Home Warranty Program

   Section 12: Inspections

   Section 13: Insurance

   Section 14: New Construction/Subject to Building Contract

   Section 15: Occupancy

   Section 16: Personal Property

   Section 17: POWTS

   Section 18: Sale or Purchase of Other Property and Secondary Offer Contingencies

   Section 19: Special Assessments

   Section 20: Surveys, Easements, Encroachments and Access

   Section 21: Tax Proration

   Section 22: Testing

   Section 23: Well Water

   Section 24: Zoning and Land Use

CHAPTER IV: SAMPLE CLAUSES: REPRESENTATIONS AND DISCLOSURES

CHAPTER V: SAMPLE CLAUSES: BROKER DISCLOSURES

    Section 1: Licensee Principal

    Section 2: Broker Relationship to Relative

    Section 3: Buyer Incentive as Licensee Principal

    Section 4: Legal Advice

CHAPTER VI: SAMPLE CLAUSES: CONDOMINIUM PROVISIONS

CHAPTER VII: SAMPLE CLAUSES: SHORT SALE PROVISIONS

    Section 1: Listings

    Section 2: Offers

CHAPTER VIII: SAMPLE CLAUSES: RENTAL PROPERTIES

CHAPTER IX: SAMPLE CLAUSES:

      COMMERCIAL AND BUSINESS OFFER PROVISIONS

   Section 1: Commercial

   Section 2: Business

APPENDIX: FORMS & REGULATIONS

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