Wb 46 Form – Fill Out and Use This PDF

The WB-46 form, also known as the Multiple Counter-Proposal, serves a critical role in the real estate transaction process in Wisconsin. This document is used by a seller to present counter-proposals to one or more prospective buyers, with the possibility of different terms for each. These counter-proposals become binding only upon the seller's acceptance, underscored by specific guidelines and deadlines outlined in the form. If you're navigating the nuances of real estate transactions in Wisconsin, understanding the WB-46 form is essential. Click the button below to start filling out your form.

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Wb 46 Form PDF Details

In the world of real estate transactions, the dynamics of offers and counteroffers play a critical role in finalizing deals, and the WB-46 form, or the Multiple Counter-Proposal, is a key element in this process within the Wisconsin market. This document, which was mandated for use by the Wisconsin Real Estate Examining Board starting March 1, 2010, allows sellers to extend counter-proposals to more than one prospective buyer at the same time, introducing a layer of strategy and flexibility for both sellers and buyers. Unique in its structure, the form stipulates that these counter-proposals can differ in terms to each potential buyer, emphasizing the non-binding nature of these propositions until formal acceptance is confirmed through specific lines within the document. Moreover, it underscores the importance of deadlines and the necessity for all parts of a counter-proposal to be explicitly agreed upon by both buyer and seller to prevent automatic nullification. The form also delineates the continuation of any warranties, covenants, and representations beyond the closing of the transaction, ensuring clarity and protection for all parties involved. Such provisions within the WB-46 underscore the intricate balance between flexibility and formal binding agreement in real estate transactions, illustrating the complexity and the necessity of understanding these forms thoroughly for both buyers and sellers in the Wisconsin real estate market.

Question	Answer
Form Name	Wb 46 Form
Form Length	2 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	30 sec
Other names	wb46, wisconsin wb 46 multiple counter proposal, multiple counter offer wisconsin, wb 46

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ACCEPTANCE BY SELLER

APPROVAL BY BUYER

Approved by Wisconsin Real Estate Examining Board

11-1-09 (Optional Use Date) 3-1-10 (Mandatory Use Date)

WB-46 MULTIPLE COUNTER-PROPOSAL

1A Multiple Counter-Proposal is being made by Seller to one or more other prospective buyers. The terms of this 2 Multiple Counter-Proposal may differ from the terms of multiple counter-proposals being submitted to other prospective 3 buyers. This Multiple Counter-Proposal is not binding on Seller or Buyer until Seller’s binding acceptance per lines 45-47. 4 Seller or Buyer may withdraw their Multiple Counter-Proposal or accepted Multiple Counter-Proposal, at any time prior to 5 binding acceptance per lines 45-47.

6 The Offer to Purchase dated ________ and signed by Buyer, ____________________________________________, for 7 purchase of real estate at ____________________________________________________________________________________

8 is rejected and the following Multiple Counter-Proposal is made. All terms and conditions remain the same as stated in the 9 Offer to Purchase except the following: [CAUTION: This Multiple Counter-Proposal does not include the terms or

10conditions in any other counter-offer or multiple counter-proposal unless incorporated by reference.]

11_______________________________________________________________________________________________

12_______________________________________________________________________________________________

13_______________________________________________________________________________________________

14_______________________________________________________________________________________________

15_______________________________________________________________________________________________

16_______________________________________________________________________________________________

17_______________________________________________________________________________________________

18_______________________________________________________________________________________________

19_______________________________________________________________________________________________

20_____________________________________________________________________________________

21Any warranties, covenants and representations made in this Multiple Counter-Proposal survive the closing of this transaction. This

22Multiple Counter-Proposal by Seller will expire and be null and void unless a copy of the approved Multiple Counter-Proposal (see

23 lines 31-33) is delivered to Seller in any manner authorized in the Offer to Purchase on or before

(Time is of the

24Essence). This Multiple Counter-Proposal was drafted on _________ by ________________________________________________.

Date

Licensee and Firm ▲

26	(x)
27	Seller’s Signature ▲ Print Name Here 	Date ▲

28	(x)
29	Seller’s Signature ▲ Print Name Here 	Date ▲

31This Multiple Counter-Proposal by Seller is approved by Buyer. Approval of this Multiple Counter-Proposal is not binding on Buyer

32 or Seller until binding acceptance of this approved Multiple Counter-Proposal by Seller (per lines 45-47) on or before

33_______________________________, ___________ (Time is of the Essence). NOTE: If the above Multiple Counter-Proposal by

34Seller is not approved by Buyer in its entirety, do not use this form for a counter-offer by Buyer. Instead, submit a Counter-

35Offer (WB-44) or a new offer to purchase.

36(x)

37 Buyer’s Signature ▲ Print Name Here 

Date ▲

38(x)

39	Buyer’s Signature ▲ Print Name Here 			Date ▲

40	This Multiple Counter-Proposal is (rejected) (countered)	STRIKE ONE	(Buyer’s Initials)

41This Multiple Counter-Proposal was presented to Buyer by

42________________________________________________________ on ________________, at

Licensee and Firm ▲

Date ▲

a.m./p.m. ▲

45By signing below, Seller accepts Buyer’s approved Multiple Counter-Proposal. The terms of this Multiple Counter-Proposal shall be

46binding on Seller and Buyer if Seller delivers a copy of the accepted Multiple Counter-Proposal to Buyer in any manner authorized in

47the Offer to Purchase on or before the deadline stated at line 33. NOTE: Seller should not sign below if there is an existing

48accepted offer unless this Multiple Counter-Proposal provides for a secondary offer.

49	(x) ____________________________________________________________________________		(x) ___________________________________________________________________________
50	Seller’s Signature ▲	Date ▲	Seller’s Signature ▲	Date ▲

51The accepted Multiple Counter-Proposal was presented to Seller by

52_____________________________________________________________ on ______________, at

Licensee and Firm ▲

Date ▲

a.m./p.m. ▲

Wb 46 Form – Fill Out and Use This PDF

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