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Wisconsin Legislative Bills
3 legislative bills tracked for real estate wholesalers & investors
Medium Risk
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AB195Failed / Dead Medium Risk
Revoking a transfer of real property on death, obtaining evidence of the termination of a decedent’s property interests, disbursing deposits after rescission of real property wholesaler contracts, and filing satisfactions of judgment.
Summary
- This bill addresses the process of revoking property transfers upon a person's death, obtaining proof of a decedent's property interests, and outlines the procedures for disbursing deposits after a wholesaler contract is rescinded
- It also includes provisions for filing satisfactions of judgment related to real property
What This Means for Wholesalers
- For real estate wholesalers, this bill may introduce new requirements regarding the handling of deposits when contracts are rescinded, potentially increasing their administrative responsibilities
- Additionally, it could clarify the legal standing of their contracts in the event of a decedent's property interests, impacting how they conduct transactions
other
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SB193Enacted — In Force Medium Risk
Revoking a transfer of real property on death, obtaining evidence of the termination of a decedent’s property interests, disbursing deposits after rescission of real property wholesaler contracts, and filing satisfactions of judgment.
Summary
- This bill addresses the process of revoking property transfers upon a person's death, clarifies how to obtain evidence of a decedent's property interests, and outlines the procedures for disbursing deposits after a wholesaler contract is rescinded
- It also includes provisions for filing satisfactions of judgment related to real property
What This Means for Wholesalers
- For real estate wholesalers, this bill introduces specific guidelines for handling deposits when a wholesaler contract is rescinded, which may affect their financial transactions and obligations
- Wholesalers must be aware of these new procedures to ensure compliance and avoid potential legal issues
other
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AB918Enacted — In ForceIn force since Mar 24, 2024 Medium Risk
Various changes regarding the laws governing real estate practice, disclosures regarding real property wholesalers, and providing a penalty.
Summary
- This bill makes various changes to the laws governing real estate practices in Wisconsin, specifically focusing on the regulations surrounding real property wholesalers
- It introduces new disclosure requirements for wholesalers and establishes penalties for non-compliance
What This Means for Wholesalers
- Real estate wholesalers in Wisconsin will now be required to adhere to specific disclosure regulations when engaging in transactions
- Failure to comply with these new requirements could result in penalties, increasing the legal risks associated with wholesaling
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