Under Wisconsin Administrative Code REEB 24, which of the following is NOT a duty that a Wisconsin broker owes to a client in a standard single-agency seller representation relationship?
Correct Answer
C) Guaranteeing the sale of the property within a specified time period
Guaranteeing the sale of the property within a specified time period is NOT a duty owed by a broker to a seller client under Wisconsin law or REEB 24. A broker's duties are process-oriented — loyalty, confidentiality, disclosure, obedience, reasonable care, and accounting — but do not include guaranteeing outcomes such as a sale occurring within a specific timeframe. Making such a guarantee would likely constitute misrepresentation.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
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