Terms & Conditions
Please Read Carefully
The material on this site is provided solely for informational purposes and does not constitute an offer to sell, rent or advertise real estate outside the State of Wisconsin. Johnson Realty is not making any warranties or representations concerning any of these properties, including their availability. Information at this site is deemed reliable but not guaranteed. All Property Search information, whether by Criteria or by Map Search, is provided as a guide only and may include discrepancies. Johnson Realty shall not be held responsible for any discrepancy and will not be liable for any damages of any kind arising from the use of this site, including but not limited to direct, indirect, incidental, punitive, and consequential damages. The information on this site has not been verified by agency or company. You expressly agree that your use of this site is at your sole risk, and you understand and agree to abide by the terms of this disclosure, and its content shall govern your visit to our web site. Johnson Realty reserves the right to make changes to our site, policies, and these conditions of use at any time.
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Notice To All Buyers And Sellers
The purpose of this notice is to acquaint real estate buyers and sellers with common or generally suggested practices within the real estate industry, and to alert prospective real estate buyers and sellers to various issues which may be important to different types of real estate transactions they may be contemplating.
HOME WARRANTY Home warranty programs are available at the sole discretion and option of the Buyers or Sellers. These warranties cover certain components of the property prior to closing and for a term of approximately one (1) year from the date of closing, and may be purchased by either the Buyer, or by the Seller for the benefit of the Buyer and Seller. (See Notice of Affiliated Business Arrangement Disclosure.)
MLS (Multiple Listing Service) Johnson Realty is associated with various MLS services. Information supplied through the MLS services is provided by sellers, listing brokers, and other parties, and may not have been verified. Johnson Realty assumes the information provided by the MLS services is current but does not guarantee or assume responsibility for its accuracy. Johnson Realty recommends that information supplied through the MLS services, if concerning items or elements material to Buyers, be independently verified by Buyers, and that other items or elements of concern to Buyers, such as school district, number of bedrooms, type of electrical service, insulation, etc., also be verified by Buyers.
TOTAL SQUARE FOOTAGE/MEASUREMENTS Buyers acknowledge that any land, building, or room dimensions, building square footage, or total acreage figures, are often only approximations, based upon rounding of measurements or various formulas used to calculate area totals. If the size or dimensions of any particular part of the property or total square footage or acreage is material to Buyers' decision to purchase, Buyers understand they must independently verify the sizes, dimensions, square footage or acreage. Buyers understand that the Broker does not warrant the accuracy of any such measurements or figures, and Buyers are not to rely upon unverified measurements or figures supplied by Broker.
FINANCING Brokers may and often do recommend a financial institution when the Buyers are in need of a mortgage. This practice is a courtesy and in no way implies an agency relationship with any particular financial institution; nor does the Broker take responsibility for the type or terms of the mortgage selected by the Buyers. The choice of lender and the type of mortgage are at the Buyers' sole option and discretion. (See Notice of Affiliated Business Arrangement Disclosure.)
TITLE INSURANCE/ABSTRACT OF TITLE After a contract of sale has been negotiated, Johnson Realty will facilitate the closing by arranging for a title company to write a title insurance policy or update the abstract as called for in the contract of sale. The title company may also be retained to collect necessary information (e.g., mortgage payoffs, tax prorations, etc.), and to prepare closing statements. In the absence of written direction from the parties, Johnson Realty shall select the title company. The cost of the title policy is customarily paid by the Sellers. (See Notice of Affiliated Business Arrangement Disclosure.)
INSURANCE/INSURABILITY Buyers/Sellers are aware that homeowners insurance carriers may decline to insure certain properties or certain Buyers. Buyers/Sellers understand that Broker is not an insurance expert and cannot guarantee insurability of any particular properties or Buyers. Broker recommends Buyers consult Buyers' insurance agent or insurance company before committing to purchase property, to confirm Buyers' insurability and insurability of the property by Buyers. Buyers/Sellers are aware that if insurability is or may be a concern, a contingency may be included in the offer to purchase to allow verification of Buyers' insurability for the property.
SCHOOL DISTRICTS, PARKS, AND COMMUNITY FACILITIES Buyers are aware that various community amenities, such a particular school district, and proximity to parks, green spaces, conservancy districts, and other community attributes and facilities may be material to their purchase of a given property. Buyers are also aware that school districts may change and the existence and usage of parks, green spaces, conservancy districts, and other community attributes and facilities may change. If such community features and amenities are material to Buyers, Buyers acknowledge and understand that they must verify all such information directly with the municipality, school district, or other community entities involved.
EQUAL OPPORTUNITY/FAIR HOUSING All associates of Johnson Realty are committed to give equal service to all as provided by law. Buyers/Sellers are advised that local, state, and federal fair housing laws prohibit discrimination by Broker.
SEX OFFENDER DISCLOSURE You may obtain information about the sex offender registry and persons registered with the registry by contacting the Wisconsin Department of Corrections on the Internet at http://offender.doc.state.wi.us/public or by phone at 877-234-0085.
CHILD SUPPORT LIEN Wisconsin's child support collection system affects Sellers and Buyers of real estate. The State "dockets" child support arrears in an electronic database. The arrearage becomes a lien against the delinquent payor's real and titled personal property. If you now pay, or have paid, child support you must determine whether any arrearages have been docketed. The Wisconsin Department of Workforce Development oversees the Child Support Lien Docket. You may check at: https://www.dwd.state.wi.us/liendocketweb. The access code is 1708.
FEDERAL LEAD BASED PAINT (LBP) DISCLOSURE RULE The federal disclosure rules specifically require that Sellers and landlords of most residential housing built before 1978 must: 1) disclose the presence of known LBP; 2) provide Buyers and tenants with any available records or reports about any LBP present in the housing; and 3) provide Buyers and tenants with a federally-approved lead hazard information pamphlet. Offers to purchase and leases must contain disclosures and acknowledgments. However, the rules do not require testing be conducted for LBP; nor do they require the removal of such paint or hazards. Buyers have the right to include a contingency in the offer to purchase giving the Buyers the opportunity to inspect for LBP. Real estate agents must ensure compliance with these requirements.
ASBESTOS, LEAD, RADON GAS, MOLD AND LEAD BASED PAINT, ETC. Buyers/Sellers are aware that newspapers and other public information sources indicate that asbestos, vermiculite, lead in drinking water, radium, radon gas, mold, lead based paint, and other toxic substances and chemicals within a structure or in soils or water supplies can cause serious health hazards. Sellers' Condition Report should disclose the Sellers' knowledge of the existence of such substances or conditions upon the premises. Broker may provide general information regarding such issues, but cannot guarantee the applicability or accuracy as applied to the specific property at issue. The Broker does not perform inspections or tests and is not an expert in these issues. Johnson Realty recommends that Buyers/Sellers have the property thoroughly inspected and tested by professionally qualified inspectors or testers addressing the presence of asbestos, lead, radon gas, mold, or lead based paint, and any other substances or potential hazards of concern to Buyers.
TESTING If Buyers desire the "testing" of any substance, drinking water, soils, air, or other elements on the property, or any area of the property, a testing contingency must be specifically provided for that purpose in the Offer to Purchase. NOTE: Sellers' authorization for inspections does not authorize Buyers to conduct testing of the property.
INSPECTION Sellers must disclose known defects and certain conditions affecting the property being sold, as provided in ch. 709, Wis. Stats. Buyers remain responsible for ascertaining if the condition of the property is satisfactory for Buyers' purpose. Buyers are responsible for performing a reasonably vigilant inspection of the property. Buyers may not be able to hold Sellers or Broker liable for failure to disclose defects that are readily observable. Johnson Realty Group recommends that prospective Buyers have the property being purchased thoroughly inspected by a professionally qualified inspector (e.g., a State of Wisconsin registered Home Inspector or licensed professional engineer). The inspection(s) should cover all applicable parts of the property, such as: structural, mechanical, heating, electrical, plumbing, wells, and septic systems, etc., and should address all other factors material to the Buyers.
Broker is obligated to disclose adverse material facts made known to Broker, as required by law. However, Broker does not warrant the condition of the property being purchased.
THIRD PARTY PROFESSIONALS Broker, Broker's agents, or Broker's Concierge service may recommend names of various lenders, contractors, inspectors, inspection and/or testing companies, surveyors, contractors, attorneys, and other third party professionals for Buyers' or Sellers' consideration. Buyers and Sellers understand that they remain responsible for selection of any such third party professionals and are responsible for determining whether any third party professionals have the adequate expertise and are sufficiently qualified to render the desired services. Buyers and Sellers understand that the Broker does not perform inspections, tests, surveys, and other such activities, and that the Broker does not ensure the quality of service of third parties and is not responsible for the actions of third party professionals utilized by Buyers or Sellers.
LAND USE RESTRICTIONS, REGULATIONS, AND NONCONFORMING USES Buyers/Sellers are aware many different laws, regulations and land use restrictions, including zoning and subdivision statutes and ordinances, building codes, and restrictions on nonconforming properties and uses, as well as deed restrictions, restrictive covenants, subdivision regulations, and homeowners' association rules, may affect the use and value of property. Buyers/Sellers are also aware that many of these restrictions, including those applying to non-conforming properties or uses, may affect Buyers' ability to build, rebuild, remodel, replace, or enlarge an existing structure, and may restrict Buyers' use of an existing structure or property. Buyers are advised to independently contact the appropriate state, county, or local municipal authorities concerning all relevant laws, governmental regulations, and other land use restrictions, and to check all deed restrictions, restrictive covenants, or subdivision regulations, to verify suitability to Buyers and Buyers' intended use of the property. Note: If the property is subject to joint driveway or joint well agreements, Buyers should confirm acceptability prior to closing.
FLOOD PLAINS/WETLANDS Buyers are aware that the flood plain and wetland maps referred to in the offer lack detail, are difficult to interpret, and may not be accurate. Buyers should personally examine such maps and consult with appropriate government officials to verify accuracy or applicability, if such information is material to Buyers' decision to purchase. Buyers/Sellers are aware that site elevations may need to be verified by trained professionals. The cost of flood plain insurance, if required by Buyers' lender, is customarily paid by Buyers.
USE-value ASSESSMENTS Under Wis. Stats. ยง 70.32(2r)(use-value assessment) Sellers must disclose whether the land sold with the property is subject to use-value assessment, whether the land is subject to a penalty under the use-value system, and whether a penalty on the land has been deferred. Buyers who purchase property subject to use-value taxation should be aware that if use of agricultural or other property assessed under the use-value system is changed, the Buyers/Owners may be subject to potentially substantial penalties. Buyers who intend to develop or otherwise change the use of land subject to use-value assessment should allow sufficient time to consult with local and state taxing authorities to determine any use-value penalty and other pertinent tax information. Note: Buyers of rural, agricultural, cropland, forest land, etc., should inquire with Sellers and the relevant governmental authorities whether the property is subject to conservation, farmland, environmental or other land use programs or agreements affecting use and taxation of the property, and whether any penalties, assessments, or payback obligations are pending, deferred, or will accrue upon change in use of the property.
CO-BROKERAGE COMPENSATION POLICIES In transactions where Buyers are working with a Buyer's Agent or Seller subagent from a real estate broker other than Johnson Realty, Johnson Realty's general cooperation policy is to share commission with the cooperating broker as reflected in the MLS listing to co-brokerage MLS members, unless there is a co-brokerage agreement or policy letter between Johnson Realty and the cooperating broker providing a different arrangement. All parties are advised that a Buyer/tenant agent may represent Buyer's/tenant's interest in a transaction even though compensation may be paid through the listing broker and/or Seller/landlord.
BUYER AGENCY NOTICE While listing agreements provide for a fee or commission to be paid by Sellers, many Buyers are represented by a Buyer's agent and may be obligated to pay a fee or commission to the Buyer's agent. Frequently these Buyers write their offers to purchase asking that the Buyer's agency fee be paid from Sellers' proceeds at closing. Johnson Realty recommends attempting to facilitate this type of transaction by keeping the Buyer's agency fee intact in the offer to purchase, but amending the amount of the Sellers' fee or commission due Johnson Realty in the listing contract by whatever fee or commission amount was offered to the co-brokerage on the MLS. Should the Buyers' agency fee or commission in such a situation be greater than the amount of the fee or commission offered to the co-brokerage, the Johnson Realty agent will calculate the Sellers' net proceeds, and if necessary, recommend a counter offer at a price high enough to retain Sellers' desired net proceeds and accommodate the full Buyers' agency fee.
DUAL AGENCY POLICY In transactions where both Sellers' agent and Buyers' agent are agents of Johnson Realty, the Buyers' agency fee is limited/reduced to the amount of the Sellers' listing contract fee/commission, regardless of the original amount of the Buyer Agency fee/commission.
TRANSACTION FEE The transaction fee charged by Johnson Realty, noted in the Buyer Agency contract and Listing contract, and which may be included in the offer to purchase, is additional commission. For a description and rationale for this charge, the Buyers are directed to ask the Johnson Realty agent for a copy of the brochure entitled "Transaction Fee" (Also referred to as an "Administrative Fee" in certain markets).
LEGAL ADVICE State law prohibits real estate licensees from giving legal advice. Johnson Realty always recommends that you be represented by independent legal counsel throughout the transaction process. All agreements relating to the purchase of real estate are required to be in writing.
Information Requests
"www.wausaucommercialrealty.com" allows you to be provided with access to listing information, updated automatically. By requesting information, you are giving permission for a Johnson Realty agent to contact you. Your contact information will be used only for purposes of responding to your information requests. Should you wish to change or discontinue your contact information at any time, you may so indicate via E-mail, in writing, or verbally, or you may direct any requests or inquiries regarding this website and the services available through the website to the corporate offices of Johnson Realty.
Linked Websites
Johnson Realty's website, and the individual websites of many of our Johnson Realty agents, provide links to other websites outside Johnson Realty. These linked websites are provided for the convenience of potential clients and customers and are for informational purposes only. Johnson Realty is not responsible for the accuracy, completeness, or usefulness of the content or information provided on or through those linked websites. We encourage all users, when they leave our website, or those of our agents, to read the consumer notices or terms of use of any linked sites. Persons accessing linked websites should independently verify any information provided on or through those websites, and should address any questions about those websites, or about information presented on those websites, to the producers or hosts of those websites.