Disclosure Notice to Clients and Customers

DUTIES TO ALL PARTIES Wisconsin Statute section 452.133(1) states that in providing brokerage service to a party to a transaction (including both clients and customers), a broker shall do all of the following:
(a) Provide brokerage services to all parties to the transaction honestly, fairly and in good faith.
(b) Diligently exercise reasonable skill and care in providing brokerage services to all parties.
(c) Disclose to each party all material adverse facts that the broker knows and that the party does not or cannot discover through reasonably vigilant observation unless the disclosure of a material adverse fact is prohibited by law.
(d) Keep confidential any information given to the broker in confidence, or any information obtained by the broker that he or she knows a reasonable party would want to be kept confidential, unless the information must be disclosed under (c) or Wis. Stats Sec. 452.23 or is otherwise required by law to be disclosed or the party whose interests may be adversely affected by the disclosure specifically
authorizes the disclosure of particular confidential information. A broker shall continue to keep the information confidential after the transaction is complete and after the broker is no longer providing brokerage services to the party.
(e) Provide accurate information about market conditions that affect a transaction, to any party who requests the information, within a reasonable time of the party's request, unless disclosure of the information is prohibited by law.
(f) Account for all property coming into possession of a broker that belongs to any party within reasonable time of receiving the property.
(g) when negotiating on behalf of a party. present contract proposals in an objective and unbiased manner and disclose the advantages and disadvantages of the proposal

DUTIES TO A CLIENT Wisconsin Statute section 452.133(2) states that in addition to his or her duties listed above, a broker providing brokerage services to his or her client shall do all of the following:
(a) Loyally represent the client's interests by placing the client's interests ahead of the interests of any other party, unless loyalty to a client violates the broker's duties under line 68 to 82 or Wis. Stats. sec. 452.137(2) (duties to all clients in multiple representation situations).
(b) Disclose to the client all information known by the broker that is material to the transaction and that is not known by the client or discoverable by the client through reasonably vigilant observation. except for confidential information (see (d) above) and other information, the disclosure of which is prohibited by law.
(c) Fulfill any obligation required by the agency agreement, and any order of the client that is within the scope of the agency agreement, that are not inconsistent with another duty that the broker has under this chapter or any other law.

Wisconsin law also defines adverse fact:
Wis. Stat. 452.01(1e) "Adverse fact" means any of the following:
(a) A condition or occurrence that is generally recognized by a competent licensee as doing any of the following:
1 . Significantly and adversely affecting the value of the property.
2. Significantly reducing the structural integrity of improvements to real estate.
3 Presenting a significant health risk to occupants of the property.
(b) Information that indicates that a party to a transaction is not able to or does not intend to meet his or her obligations under a contract or agreement made concerning the transaction.

Wis. Stat. 452.01(5g) "Material adverse fact'' means an adverse fact that a party indicates is of such significance, or that is generally recognized by a competent licensee as being of such significance to a reasonable party, that it affects or would affect the party's decision to enter into a contract or agreement concerning a transaction or affects or would affect the party's decision about the terms of such a contract or agreement.

All information is from sources deemed to be accurate, but accuracy is not warranted. Buyers are advised to personally verify all information given below, as some may be estimates. Neither broker nor seller is responsible for inaccuracies which may be found in the brochure information.

Business Realty
20 S. 4th Street
Platteville, Wisconsin 53818
e-mail: busyrealty@aol.com 
Phone (608) 348-3443
Fax (608) 348-3535

www.busyrealty.com

Disclosure Notice to Clients and Customers

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