Wb42 PDF Details

When navigating the complexities of real estate transactions, occasionally, there arises a need to make changes to an existing agreement. Specifically for those in Wisconsin, the WB-42 form, also known as the Amendment to Listing Contract, facilitates this process. Having been approved by the Wisconsin Real Estate Examining Board effective from November 1, 2009, with its mandatory use starting March 1, 2010, this form serves a crucial role. It allows parties to make necessary adjustments to the terms laid out in their original listing contract. These amendments can range from altering the list price, changing the contract's expiration date, to modifying which items are included within the sale price. It is critical to note that while this form introduces the opportunity to amend contract details, all other aspects of the initial agreement, including any prior amendments, remain unaltered. Moreover, the form stipulates that real estate agents, unless given explicit written consent by their supervising broker, do not hold the authority to terminate a listing contract, adjust commission amounts, or shorten the listing's duration. This safeguard ensures that any amendments made through the WB-42 form are thoroughly considered and backed by the necessary levels of approval, maintaining the integrity and binding nature of the real estate transaction.

QuestionAnswer
Form NameWb42
Form Length1 pages
Fillable?Yes
Fillable fields43
Avg. time to fill out8 min 51 sec
Other nameswi amendment contract, wisconsin wb 42, wb 42, wb 42 amendment to listing contract

Form Preview Example

Approved by the Wisconsin Real Estate Examining Board 11-1-09 (Optional Use Date) 3-1-10 (Mandatory Use Date)

WB-42 AMENDMENT TO LISTING CONTRACT

1It is agreed that the Listing Contract dated ________________________, ________, between the undersigned, for

2sale of the property known as (Street Address/Description) ___________________________________________

3in the ___________________________________ of _______________________________________, County of

4_____________________________________________________________ , Wisconsin is amended as follows:

5The list price is changed from $_____________________________ to $ ____________________________.

6The expiration date of the contract is changed from midnight ___________________________, ________ to

7midnight ___________________________________________________________________, __________.

8The following items are (added to)(deleted from) STRIKE ONE the list of property to be included in the list

9price: _______________________________________________________________________________.

10_______________________________________________________________________________________

11Other: _______________________________________________________________________________

12________________________________________________________________________________________

13________________________________________________________________________________________

14________________________________________________________________________________________

15________________________________________________________________________________________

16________________________________________________________________________________________

17________________________________________________________________________________________

18________________________________________________________________________________________

19________________________________________________________________________________________

20________________________________________________________________________________________

21________________________________________________________________________________________

22_______________________________________________________________________________________

23ALL OTHER TERMS OF THIS CONTRACT AND ANY PRIOR AMENDMENTS REMAIN UNCHANGED.

24CAUTION: Agents (salespersons) for Broker (firm) do not have the authority to enter into a mutual

25agreement to terminate a listing contract, amend the commission amount or shorten the term of a

26listing contract, without the written consent of the Agent(s)’ supervising broker.

27

__________________________________________

(x) ______________________________________

28

Broker/Firm

Date

Seller’s Signature

Date

29

 

 

Print name

 

30

(x) __________________________________________

(x) ______________________________________

31

By

Date

Seller’s Signature

Date

32

Print name

 

Print name

 

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