Thursday, September 16, 2010

New Listings
Click on the "new listings" button to see agent view profiles for today's new listings.
MLS# 1606051 - 1821 Helena St, Madison - 2 bed/1 bath - $199,900 - Eric Castleberg


New Accepted Offers
MLS# 1599348 - 120 Glen View Rd, Mount Horeb - Kara Thomas
MLS# - 705 Pulley Drive, Madison - Shawn Kriewaldt

ShowingTime Form
Following the upgrade to the ShowingTime website, a new listing information form has been made available.  The new form is signficantly different!  Please being using it immediately.

The form was attached to the email regarding today's Daily Update.  It can also be found here. 


Membership Directory
The 2010-2011 RASCW Membership Directory arrived today. You can find your copy in your mailbox.


WRA Legal Hot Tip
Q. Can someone who is licensed in Illinois write an offer on a listed Wisconsin property and get a commission? Apparently the Illinois licensee has a credential but is not practicing real estate and drafted a really poor offer. How to proceed?


A. An Illinois broker cannot practice real estate brokerage while physically within the State of Wisconsin without either having a Wisconsin broker’s license, or a Wisconsin salesperson’s license and being employed by a Wisconsin broker. Whether the Illinois broker may conduct brokerage services in Illinois regarding a Wisconsin property is a matter of Illinois license law.


Wis. Stat. § 452.19 limits the payment of referral fees, finders fees and commission splits to persons licensed or registered in Wisconsin to practice real estate, or persons regularly and lawfully engaged in real estate brokerage in another state. Before entering into a commission agreement or referral agreement with an out of state broker it is prudent practice to ask for a copy of the agent's license and a statement that the licensee is regularly and lawfully engage in real estate brokerage in his or her licensing state.