Continuing Education – Electives A & C

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Commercial Elective A – Disclosures in a Wisconsin Transaction

• Helps real estate professionals understand what disclosure obligations licensees have and what disclosure obligations sellers have;
• Reviews the more common disclosure issues in Wisconsin transactions such as waterfront property, use-value assessments, and environmental issues;
• Explains the difference between nonconforming use and non-conforming structure;
• Discusses particular potential disclosure issues such as underground storage tanks, asbestos, renovations without permits and easements.

Commercial Elective C – Inspections and Testing in Wisconsin Transactions

• Provides a thorough review of inspections and testing in a Wisconsin transaction using Wisconsin-approved forms;
• Reviews the boundaries for an inspection including who can inspect, what can be inspected, the boundaries for a test and who can test, and the result on the offer depending on testing and inspection results;
• Explores the negotiation process between a seller and a buyer depending on the results of the inspections and tests including using amendments and notices and how the right to cure process works;
• Explains the difference between a defect and a material adverse fact and how parties respond to the discovery of that information.