Bill > AB456

This bill proposes several significant changes to Wisconsin's real estate practice laws, focusing primarily on residential property transactions involving 1-4 dwelling units. The bill requires listing firms to share property information, respond to inquiries, make properties available for showings, and advertise properties on internet platforms within one business day of listing, with an option for owners to opt out of public marketing by signing a disclosure form that explains potential negative consequences. The bill mandates that real estate licensees disclose any technological alterations (like artificial intelligence modifications) in property advertisements that could create a misleading impression. Additionally, the bill prohibits real estate firms from accepting compensation from other firms for brokerage services in residential transactions, with limited exceptions for referral fees. The bill also introduces new requirements for documenting compensation agreements, stipulating that any compensation to a non-listing firm must be explicitly stated in the purchase offer and signed by both buyer and seller. These changes aim to increase transparency, protect consumer interests, and regulate compensation practices in real estate transactions. The bill is set to take effect on January 1, 2027, giving the real estate industry time to adapt to the new regulations.

Agriculture and Natural Resources, Housing and Urban Affairs

https://docs.legis.wisconsin.gov/2025/proposals/reg/asm/bill/ab456