By Debra P. Conrad, Cori Lamont, Tracy Rucka, Scott Minter
2012 Edition; 239 pages, $30.00
This popular handbook is a basic and current source book for
drafting clause language and other common contractual
provisions in real estate transactions. The handbook contains sample clauses dealing with issues
raised in contemporary real estate transactions. The new edition is an up-to-date collection of contract clauses which are typically inserted into real
estate offers to purchase. Also included in this handbook are checklists and advice to follow in
the drafting of offers and counteroffers. The 2012 edition adds 136 new clauses to bring the total number of
suggested clauses to 266. The updated text discusses the revised offers
to purchase approved by the Wisconsin Real Estate Examining Board. Offers to purchase and other forms approved by the board are included as appendices, along with
Wisconsin REALTORS® Association preprinted addenda containing
contingencies.
CHAPTER I: DRAFTING CONSIDERATIONS AND ADVICE
CHAPTER II: SAMPLE CLAUSES: AGENCY AGREEMENTS
Section 1: Listing Contracts
Section 2: Buyer Agency Agreements
CHAPTER III: SAMPLE CLAUSES:
OFFER TO PURCHASE AND OTHER CONTRACTS
Section 1: Addenda, Contract Construction, Definitions, Delivery and Offer Acceleration
Section 2: Appraisal
Section 3: Approvals and Code Compliance
Section 4: Buyer Agency Compensation
Section 5: Closing, Title Evidence and Type of Deed
Section 6: Defects, "As-Is" and Repairs
Section 7: Earnest Money
Section 8: Environmental
Section 9: Financing
Section 10: Homeowners Associations and Subdivision Covenants and Restrictions
Section 11: Home Warranty Program
Section 12: Inspections
Section 13: Insurance
Section 14: New Construction/Subject to Building Contract
Section 15: Occupancy
Section 16: Personal Property
Section 17: POWTS
Section 18: Sale or Purchase of Other Property and Secondary Offer Contingencies
Section 19: Special Assessments
Section 20: Surveys, Easements, Encroachments and Access
Section 21: Tax Proration
Section 22: Testing
Section 23: Well Water
Section 24: Zoning and Land Use
CHAPTER IV: SAMPLE CLAUSES: REPRESENTATIONS AND DISCLOSURES
CHAPTER V: SAMPLE CLAUSES: BROKER DISCLOSURES
Section 1: Licensee Principal
Section 2: Broker Relationship to Relative
Section 3: Buyer Incentive as Licensee Principal
Section 4: Legal Advice
CHAPTER VI: SAMPLE CLAUSES: CONDOMINIUM PROVISIONS
CHAPTER VII: SAMPLE CLAUSES: SHORT SALE PROVISIONS
Section 1: Listings
Section 2: Offers
CHAPTER VIII: SAMPLE CLAUSES: RENTAL PROPERTIES
CHAPTER IX: SAMPLE CLAUSES:
COMMERCIAL AND BUSINESS OFFER PROVISIONS
Section 1: Commercial
Section 2: Business
APPENDIX: FORMS & REGULATIONS
