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,,22An Act to amend chapter 709 (title) and 709.02 (title); and to create 709.005 of the statutes; relating to: disclosures by prospective buyers of residential real property. AB844,,33Analysis 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.
AB844,,44The people of the state of Wisconsin, represented in senate and assembly, do enact as follows: AB844,15Section 1. Chapter 709 (title) of the statutes is amended to read: AB844,,86CHAPTER 709
7DISCLOSURES BY OWNERS OF
8REGARDING REAL ESTATE AB844,29Section 2. 709.005 of the statutes is created to read: AB844,,1010709.005 Disclosure by prospective buyers. A prospective buyer of real property, as defined in s. 709.001 (5) (a), shall disclose to the owner of the real property, in the contract of sale or option contract the buyer submits to the owner or the owner’s agent, whether the buyer intends the real property to be owner-occupied. AB844,311Section 3. 709.02 (title) of the statutes is amended to read: AB844,,1212709.02 (title) Disclosure by owners.
