The Real Estate Examining Board recently approved revisions to the WB-36 Buyer Agency Agreement and the creation of a new form, the WB-39 Tenant Representation Agreement.

• •The existing WB-36 Buyer Agency/Tenant Representation Agreement was split in two to create a revised version of the WB-36 as well as a new WB-39 Tenant Representation Agreement.
• •The optional use date for both forms was July 1, 2023.
• •The mandatory use date will be September 1, 2023.

In addition, a new wire fraud warning for use in WB forms is currently in the works. Watch for the new warning in the WB-36 and WB-39 as well as in a host of other WB forms in the future.

As always, the WRA will keep you updated about these developments that affect your practice.