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Updated WB-01 and WB-42 Coming July 1
In this unique situation, the WB-01 uses revised client disclosure language that is quoted from the updated Chapter 452 of the statutes, which does not go into effect until July 1, 2016. Using the revised disclosure language before that language becomes law creates a risk that a listing could be challenged and a firm could lose out on a commission if a contract with the revised language is used before that language is law.
More information can be found on the WRA Forms Update Resource page at www.wra.org/Resources/Transactional/Form_Update_Resource/.
Along with these updated forms are the revised and updated agency disclosure forms: the language for these forms was also modified by the new legislation and thus they also should not be used until July 1. This includes:
WRA-BDCL Disclosure to Clients
Look for further information, including pointers for using the new Disclosure to Clients to update listing contracts and buyer agency agreements that contain the old language, at www.wra.org/Resources/Transactional/Form_Update_Resource/.
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By submitting your Open House form via this website, you take the guess work out of checking to make sure that all of the required information has been entered. This ensures that your Open House will be processed in a timely manner. Online submission also allows you to receive an automatic confirmation email at up to two email addresses. Remember to call the Association Office to make sure we've received all of your Open Houses. To fill out your Open House Directory Form, click here.
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