Under Wisconsin Administrative Code REEB 24, what is the name of the written disclosure form that a Wisconsin licensee must provide to a party who is NOT represented by that licensee?
Correct Answer
D) Disclosure to Customers form
Under Wisconsin Administrative Code REEB 24, a licensee must provide a 'Disclosure to Customers' form to any party who is a customer — meaning a party not represented by that licensee. This form informs the customer of the nature of the licensee's relationship and the duties owed.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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