LRB-0974/1
KRP:emw
2023 - 2024 LEGISLATURE
December 22, 2023 - Introduced by Representatives Sortwell, Kitchens, Goeben,
S. Johnson, Maxey and Tittl, cosponsored by Senator Taylor. Referred to
Committee on Housing and Real Estate.
AB844,1,3
1An Act to amend chapter 709 (title) and 709.02 (title); and
to create 709.005
2of the statutes;
relating to: disclosures by prospective buyers of residential
3real property.
Analysis by the Legislative Reference Bureau
This bill requires a prospective buyer of residential real property with one to
four dwelling units to disclose in the contract of sale or option contract whether the
buyer intends the real property to be owner-occupied.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB844,1
4Section
1. Chapter 709 (title) of the statutes is amended to read:
AB844,1,75
CHAPTER 709
6
DISCLOSURES
BY OWNERS OF
7
regarding REAL ESTATE
AB844,2
8Section
2. 709.005 of the statutes is created to read:
AB844,2,5
1709.005 Disclosure by prospective buyers. A prospective buyer of real
2property, as defined in s. 709.001 (5) (a), shall disclose to the owner of the real
3property, in the contract of sale or option contract the buyer submits to the owner or
4the owner's agent, whether the buyer intends the real property to be
5owner-occupied.
AB844,3
6Section
3. 709.02 (title) of the statutes is amended to read:
AB844,2,7
7709.02 (title)
Disclosure
by owners.
