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Liability for Undisclosed Defects in Residential Real Estate Sales 2023

Product ID: CA3470D
Presented By: State Bar of Wisconsin PINNACLE

This program is an excerpt from the Annual Real Estate Update 2022.

A house divided

Steep competition among buyers looking to purchase a home is a hallmark of a hot real estate market. To make an enticing offer, buyers will sometimes waive contingencies like home inspections. But what happens when new homeowners discover defects like roof damage, improper electrical wiring, and structural damage after they’ve already closed on the home? 

Liability for Undisclosed Defects in Residential Real Estate Sales has answers to that question and more. You’ll find out about the most common undisclosed residential property defects and learn:

  • The responsibilities of home buyers and sellers
  • What’s required of other parties to the transaction
  • What must be disclosed and how disclosures should be made
  • Potential claims, defenses, and damages 
Read More ↓

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Select a Format

OnDemand seminar

Pricing

Member $99.00

Non-Member $149.00

Credits

1 CLE

Upon purchase, this OnDemand program is available to view for 90 days.

Credits are available only if viewed prior to 12/31/2024.

Quantity:
Maximum quantity must be less than or equal to 1.

This program is an excerpt from the Annual Real Estate Update 2022.

A house divided

Steep competition among buyers looking to purchase a home is a hallmark of a hot real estate market. To make an enticing offer, buyers will sometimes waive contingencies like home inspections. But what happens when new homeowners discover defects like roof damage, improper electrical wiring, and structural damage after they’ve already closed on the home? 

Liability for Undisclosed Defects in Residential Real Estate Sales has answers to that question and more. You’ll find out about the most common undisclosed residential property defects and learn:

  • The responsibilities of home buyers and sellers
  • What’s required of other parties to the transaction
  • What must be disclosed and how disclosures should be made
  • Potential claims, defenses, and damages 
Read More ↓

Kevin Trost is the founding member of Trost, LLC in Madison. He received his undergraduate degree from Washington University, cum laude, and his law degree from the University of Wisconsin. Kevin has authored four articles, including three cover articles, for Wisconsin Lawyer. His most recent article is “American Dream Turned Nightmare: Liability for Undisclosed Defects in Real Estate Sales.” 94 Wis. Law. 16-21 (June 2021). For over twenty years, Kevin’s practice has focused on litigating and resolving disputes regarding real estate, construction, financial services, banking, and contractual matters. He is a member of the State Bars of Wisconsin and Michigan.

  • Confidently advise clients on their responsibilities when buying or selling a home
  • Understand what constitutes a “defect” under Wisconsin law
  • Know the responsibilities of each party to a real estate contract
  • Examine potential claims for failure to disclose such as breach of contract and misrepresentation
  • Be aware of procedural issues that may arise in litigation over failure to disclose
  • Real estate lawyers
  • General practitioners
  • Real estate agents and brokers
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