Wisconsin Real Estate Sales Practice Exam

Who signs the WB-41 Notice Relating to the Offer to Purchase?

1. Both parties involved

2. Only the seller

3. Whomever gives notice

4. The buyer only

The correct answer is: Whomever gives notice

The WB-41 Notice Relating to the Offer to Purchase is designed to provide formal notification regarding certain matters related to the purchase agreement. The key aspect of this document is that it is meant to communicate information concerning the offer to purchase and can be signed by the party who is providing the notice. This can be either the buyer or the seller, depending on who is initiating the communication. The nature of the WB-41 allows for flexibility, as it is focused on the action of giving notice rather than requiring signatures from all parties involved in the transaction. Therefore, it is accurate to say that whomever is providing the notice has the right to sign the WB-41, making this the correct answer. This points to the critical function of communication in real estate transactions, where notice and acknowledgment are vital for maintaining transparency and clarity between parties.