2013 - 2014 LEGISLATURE
October 17, 2013 - Introduced by Representatives Petryk, Ballweg, Czaja,
Vruwink, Born and A. Ott, cosponsored by Senators Cowles,
and Lehman. Referred to Committee on Housing and Real Estate.
1An Act to amend
709.03 (form) C. 8. and 709.033 (form) C. 9.; and to create
709.03 (form) C. 9m. and 709.033 (form) C. 9m. of the statutes; relating to:
3disclosing ownership of a dam to prospective buyers of certain real property and
4updating disclosure reports for certain real property.
Analysis by the Legislative Reference Bureau
Under current law, with certain exceptions, owners selling residential real
property or vacant land must give prospective buyers a form, known as a real estate
condition report for residential real property and as the vacant land disclosure report
for vacant land, on which the owner discloses certain conditions of, and other
information about, the real property of which the owner is aware. This bill requires
an owner to disclose on the applicable report whether the owner has notice or
knowledge that a dam is located on the property or that ownership of a dam that is
collectively owned by a homeowner association, lake district, or other group runs
with the property even though the dam is not located on the property. This bill also
updates the real estate condition report and the vacant land disclosure report to
indicate that the regulation of underground storage tanks was transferred to the
Department of Agriculture, Trade and Consumer Protection.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
709.03 (form) C. 8. of the statutes is amended to read:
709.03 (form) C. 9m. of the statutes is created to read:
709.033 (form) C. 9. of the statutes is amended to read:
709.033 (form) C. 9m. of the statutes is created to read:
(1) Real estate condition and vacant land disclosure reports. 5
Notwithstanding section 709.035 of the statutes, the creation of sections 709.03 6
(form) C. 9m. and 709.033 (form) C. 9m. of the statutes does not require a property 7
owner who has furnished to a prospective buyer of the property an original or 8
amended report before the effective date of this subsection to submit an amended 9
report with respect to the information required by section 709.03 (form) C. 9m. of the 10
statutes, as created by this act, or by section 709.033 (form) C. 9m. of the statutes, 11
as created by this act.
(1) The treatment of sections 709.03 (form) C. 8. and 9m. and 709.033 (form) 14
C. 9. and 9m. of the statutes first applies to reports that are furnished on the effective 15
date of this subsection.
(1) This act takes effect on July 1, 2014.