Wisconsin Administrative Code

REEB 18.035 Duty to notify the department.

REEB 18.036 Authorization to examine real estate trust accounts and records.

REEB 18.037 Form for notification and authorization. REEB 18.04 REEB 18.05 REEB 18.06 REEB 18.07 REEB 18.09 REEB 18.10 REEB 18.11 REEB 18.13 REEB 18.14 Note: Chapter REB 9 as it existed on February 28, 1983 was renumbered to be chapter RL 18, effective March 1, 1983. Chapter RL 1…

REEB 18.04 Authorization to sign trust account checks. A firm may authorize other persons to sign real estate trust account checks, share drafts or drafts drawn on the firm[s real estate trust account if the person is at least 18 years of age. History: Cr. Register, April, 1981, …

REEB 18.05 Receipt for earnest money received by the licensee. A licensee shall indicate on the offer to purchase the receipt of earnest money received from a buyer at the time the offer is drafted. History: Cr. Register, April, 1981, No. 304, eff. 5-1-81; renum. from REB 9.05, R…

REEB 18.06 Escrow agreement for earnest money not held by the firm. If the parties to a transaction do not desire that the firm hold the earnest money in the firm[s real estate trust account, and wish to designate an escrow agent other than the firm, the licensee may not draft th…

REEB 18.11 Non-depositable items. A firm shall not hold any instrument, equity or thing of value which is not depositable in a real estate trust account. Non-depositable items shall be held by one of the parties to a transaction or some other party, subject to an escrow agreement…

REEB 18.13 Bookkeeping system. Each firm shall maintain and be responsible for a bookkeeping system in the firm[s office consisting of at least the following: (1) CASH JOURNAL. A firm shall maintain a record, called a journal showing the chronological sequence in which real estat…

REEB 18.14 Violation of rules. A firm who fails to comply with the rules in this chapter shall be considered to have demonstrated incompetency to act as a licensed individual broker or a licensed broker business entity in a manner as to safeguard the interests of the public, as s…

REEB 23.01 Authority. The rules in this chapter are adopted pursuant to ss. 227.11, 452.07, 452.09, 452.10 and 452.12, Stats. History: Cr. Register, December, 1981, No. 312, eff. 1-1-82; renum. from REB 14.01 and am. Register, February, 1983, No. 326, eff. 3-1-83; correction made…

REEB 23.02 Change of name or address. Any person licensed under ch. 452, Stats., who changes the name appearing on a current license or moves from the last address provided to the department shall notify the department in writing of the new name or address within 30 days of the c…

REEB 23.03 Trade name. (1) DEFINITION. XTrade nameY means the name other than the name appearing on the license, under which the licensed individual broker or a licensed broker business entity advertises or does business. REEB 23.03 REEB 23.04 Trade name. Change of form of busine…

REEB 23.04 Change of form of business organization. (1) APPLICATION. A licensed broker business entity who intends to conduct business under a different business type, shall apply for a new license. Upon payment of the fee specified in s. 440.05 (1), Stats., the board shall issue…

REEB 24.01 Authority and intent.

REEB 24.02 Definitions.

REEB 24.03 Competent services.

REEB 24.04 Advertising.

REEB 24.05 Disclosure of compensation and interests.

REEB 24.06 Unauthorized practice of law.

REEB 24.07 Inspection and disclosure duties.

REEB 24.075 Tie-in arrangements.

REEB 24.08 Agreements to be in writing.

REEB 24.085 False portrayal of interest, prohibited.

REEB 24.09 Securing agency agreements.

REEB 24.10 Net listing prohibited.

REEB 24.12 Confidentiality of offers.

REEB 24.13 Drafting and submission of written proposals.

REEB 24.15 Adequate funds required.

REEB 24.17 Miscellaneous requirements. Note: Chapter REB 15 as it existed on February 29, 1980 was repealed and a new chapter REB 15 was created effective March 1, 1980. Renumbered from chapter REB 15, effective March 1, 1983. Chapter RL 24 was renumbered chapter REEB (5) “Buyer’…

REEB 25.005 Authority.

REEB 25.01 Definitions.

REEB 25.023 Real estate broker[s pre-license business management program.

REEB 25.028 Nonresident broker education equivalency.

REEB 25.033 Salesperson[s pre-license program.

REEB 25.038 Nonresident salesperson education equivalency.

REEB 25.055 Approval for pre-licensure education programs or courses.

REEB 25.065 Continuing education requirements for brokers and salespersons.

REEB 25.068 Approval for continuing education programs or courses.

REEB 25.09 Denial or withdrawal of approval. Note: Chapter REB 16 as it existed on October 31, 1979, was repealed and a new Chapter REB 16 was created effective November 1, 1979. Renumbered chapter RL 25, effective March 1, 1983. Chapter RL 25 was renumbered chapter (c) Parties t…

RR 1.001 Definitions. (1) XCrossingY means the intersection of a highway with a track or tracks of a railroad, including the area directly affecting or affected by said intersection. (2) XHighwayY includes all public ways and thoroughfares and all bridges on the same, whether use…

RR 1.01 Communications and documents addressed to office. (1) All written communications and documents shall be filed with the office by deposit in the mail, by facsimile transmission, or in person. Note: The office can be contacted at the Office of the Commissioner of Railroads,…

RR 1.025 Petitions, complaints and applications. (1) FORM. Each petition, complaint or application filed with the office shall be in writing and signed by the petitioner, complainant, or applicant, or a person authorized to file the petition, complaint or application. (2) CONTENT…

RR 1.03 Notice of hearings. (1) Written notice of hearing shall be deposited in the first class mail to all parties and to any other interested person requesting notice in accordance with s. 227.44, Stats. (2) When the general public may be injured by the office[s action, written…

RR 1.04 Hearings. (1) At any hearing an examiner may preside. Personal interest in or knowledge of the matter to be heard disqualifies the examiner if it prevents the examiner from acting fairly or impartially. No person who has directly participated in the investigation of the m…

RR 1.05 Nonappearance at hearing. (1) When the complainant, petitioner or applicant fails to appear at the hearing without good cause shown, the complaint, petition or application, as the case may be, may be dismissed by the examiner. (2) When the respondent or objector fails to …

RR 1.06 Rules of evidence. (1) Rules of evidence are governed by s. 227.45, Stats. (2) The presiding examiner shall rule on all objections and motions made prior to the issuance of the proposed decision. (3) Failure of a party to object on the record to admission of any evidence …

RR 1.07 Transcripts. (1) A stenographic, electronic or other record of oral proceedings shall be made by the office. A written transcript of the record shall be prepared only as deemed necessary by the office, and unless otherwise prepared by the office for its own use, shall not…

RR 1.08 Briefs and answers. (1) The examiner may require briefs in any matter before the office and answers to complaints. (2) Whenever briefs and answers are filed, the examiner shall indicate the date on or before which they shall be submitted. (3) Briefs shall be no more than …

RR 1.09 Witnesses, subpoenas and depositions. (1) Any party may request the examiner to issue subpoenas to compel the attendance of witnesses. (2) Any party may request the examiner to issue subpoenas duces tecum to compel a witness to bring specific documents. (3) The examiner m…

RR 1.10 Close of hearing and evidence. (1) Evidence in any proceeding will be declared closed when due opportunity to furnish relevant evidence, including proper cross-examination of witnesses and rebuttal, has been afforded all parties. If by stipulation of the parties or by dir…