Can a Buyer Terminate a WB-36 Wisconsin Buyer Agency Agreement?
The WB-36 is a standard form used in Wisconsin for establishing a buyer agency relationship between a buyer and a real estate agent.
Whether or not you can get out of a WB-36 Buyer Agency Agreement depends on the specific terms of the agreement you signed. The agreement will typically include provisions outlining the duration of the agency relationship and conditions under which either party can terminate the agreement.
Here are a few general points to consider:
Expiration date: The WB-36 Buyer Agency Agreement will usually have an expiration date. If the agreement has not expired, you might need to wait until the expiration date for the agreement to automatically terminate.
Termination provisions: The agreement may include specific provisions for early termination, which could allow you or the agent to terminate the agreement under certain conditions. You should review the agreement to understand any such termination provisions and the process for initiating termination.
Mutual agreement: If the agreement does not provide a clear path for early termination, you might be able to negotiate a mutual agreement to terminate the relationship with your agent. This would typically involve discussing your concerns with the agent and coming to a mutual understanding.
Consult an attorney: If you are unsure about your rights and obligations under the WB-36 Buyer Agency Agreement or have concerns about the specific terms, it's a good idea to consult with an attorney experienced in Wisconsin real estate law. They can help you understand your options and guide you through the process of terminating the agreement, if necessary.
Please note that this information is for general informational purposes only and should not be taken as legal advice. Consult with a qualified attorney to discuss your specific situation and understand your legal options.