SB375: Bill Text

SB375,135 Section 135. 452.14 (3) (i) of the statutes is amended to read:

SB375,47,14 452.14 (3) (i) Demonstrated incompetency to act as a broker, or salesperson or time-share salesperson, whichever is applicable, in a manner which safeguards the interests of the public;.

SB375,136 Section 136. 452.14 (3) (j) of the statutes is amended to read:

SB375,47,17 452.14 (3) (j) Paid or offered to pay a commission or valuable consideration to any person for acts or services in violation of this chapter;.

SB375,137 Section 137. 452.14 (3) (jm) of the statutes is amended to read:

SB375,47,23 452.14 (3) (jm) Intentionally encouraged or discouraged any person from purchasing or renting real estate in a particular area on the basis of race. If the board finds that any broker, salesperson or time-share salesperson licensee has violated this paragraph, the board shall, in addition to any temporary penalty imposed under this subsection, apply the penalty provided in s. 452.17 (4);.

SB375,138 Section 138. 452.14 (3) (k) of the statutes is amended to read:

SB375,48,3 452.14 (3) (k) Been guilty of any other conduct, whether of the same or a different character from that specified herein, which that constitutes improper, fraudulent, or dishonest dealing;.

SB375,139 Section 139. 452.14 (3) (L) of the statutes is amended to read:

SB375,48,6 452.14 (3) (L) Violated any provision of this chapter or any rule promulgated under this chapter;.

SB375,140 Section 140. 452.14 (3) (m) of the statutes is amended to read:

SB375,48,8 452.14 (3) (m) Failed to use forms approved under s. 452.05 (1) (b); or.

SB375,141 Section 141. 452.14 (3) (p) of the statutes is amended to read:

SB375,48,11 452.14 (3) (p) Been convicted of a felony that is a bar to licensure or registration under s. 452.25 (1) (a).

SB375,142 Section 142. 452.14 (4) of the statutes is amended to read:

SB375,48,18 452.14 (4) If a broker firm is a business entity it shall be sufficient cause for reprimand or for the limitation, suspension, or revocation of a broker's the firm's license that any business representative of the business entity firm, or anyone who has a financial interest in or is in any way connected with the operation of a the firm's brokerage business, has been guilty of any act or omission which that would be cause for refusing a broker's license to such person as an individual.

SB375,143 Section 143. 452.14 (4m) (intro.) of the statutes is amended to read:

SB375,48,22 452.14 (4m) (intro.) In addition to or in lieu of a reprimand or a revocation, limitation, or suspension of a license or certificate of registration under sub. (3), the board may do any of the following:

SB375,144 Section 144. 452.14 (4m) (a) of the statutes is amended to read:

SB375,49,3 452.14 (4m) (a) Assess against a person who is licensed or registered under this chapter licensee a forfeiture of not more than $1,000 for each violation enumerated under sub. (3).

SB375,145 Section 145. 452.14 (4m) (b) of the statutes is amended to read:

SB375,49,8 452.14 (4m) (b) Require a licensee to successfully complete education or training, in addition to any education or training required for licensure or registration or for renewal of a license or certificate under this chapter, as a condition of continued licensure or registration or reinstatement of a license or certificate.

SB375,146 Section 146. 452.14 (4r) of the statutes is amended to read:

SB375,49,12 452.14 (4r) The board may assess against an individual who is licensed or registered under this chapter a licensee who is an individual a forfeiture of $1,000 for a violation under s. 452.25 (2) (a).

SB375,147 Section 147. 452.142 of the statutes is created to read:

SB375,49,17 452.142 Actions concerning licensees. (1) Notwithstanding s. 100.18 (11) (b) 3., 893.43, 893.52, or 893.57, an action concerning any act or omission of a licensee relating to the provision of brokerage services by the licensee shall be commenced within 2 years after whichever of the following that applies occurs first:

SB375,49,18 (a) A transaction is completed or closed.

SB375,49,19 (b) An agency agreement is terminated.

SB375,49,20 (c) An unconsummated transaction is terminated or expires.

SB375,49,22 (2) The period of limitation under this section may not be reduced by agreement.

SB375,148 Section 148. 452.15 (1) and (2) of the statutes are amended to read:

SB375,50,4 452.15 (1) Except as otherwise provided in sub. (2), no license or certificate of registration may be issued under this chapter to any person whose license or certificate under this chapter has been revoked until the expiration of a period determined in each case by the board or, in the case of revocation under s. 452.17 (4) (a) 2., a period determined in each case by the board of not less than 5 years from the date the revocation became finally effective.

SB375,50,7 (2) Issuance of a license or certificate of registration to an individual whose license or certificate is revoked under s. 452.14 (3) (p) is subject to the provisions in s. 452.25 (1).

SB375,149 Section 149. 452.17 (2) of the statutes is repealed.

SB375,150 Section 150. 452.17 (4) (a) of the statutes is amended to read:

SB375,50,11 452.17 (4) (a) (intro.) If the board finds that any broker, salesperson or time-share salesperson licensee has violated s. 452.14 (3) (jm), the board:

SB375,50,13 1. Shall, for the first offense, suspend the license or registration of the broker, salesperson or time-share salesperson licensee for not less than 90 days.

SB375,50,15 2. Shall, for the 2nd offense, revoke the license or registration of the broker, salesperson or time-share salesperson licensee.

SB375,151 Section 151 . 452.17 (4) (a) 1. and 2. of the statutes, as affected by 2015 Wisconsin Act .... (this act), are amended to read:

SB375,50,19 452.17 (4) (a) 1. Shall, for the first offense, suspend the license or registration of the licensee for not less than 90 days.

SB375,50,20 2. Shall, for the 2nd offense, revoke the license or registration of the licensee.

SB375,152 Section 152. 452.19 (title) of the statutes is repealed and recreated to read:

SB375,50,22 452.19 (title) Fees and commissions.

SB375,153 Section 153. 452.19 of the statutes is renumbered 452.19 (1) and amended to read:

SB375,51,6 452.19 (1) No licensed broker licensee may pay a fee or a commission or any part thereof for performing any act specified in this chapter or as compensation for a referral or as a finder's fee to any person who is not licensed or registered under this chapter or who is not regularly and lawfully engaged in the real estate brokerage business in another state, a territory or possession of the United States, or a foreign country.

SB375,154 Section 154 . 452.19 (1) of the statutes, as affected by 2015 Wisconsin Act .... (this act), is amended to read:

SB375,51,13 452.19 (1) No licensee may pay a fee or a commission or any part thereof for performing any act specified in this chapter or as compensation for a referral or as a finder's fee to any person who is not licensed or registered under this chapter or who is not regularly and lawfully engaged in the real estate brokerage business in another state, a territory or possession of the United States, or a foreign country.

SB375,155 Section 155. 452.19 (2) of the statutes is created to read:

SB375,51,17 452.19 (2) If a licensee is associated with a firm, all fees or commission and any part thereof for performing any act specified in this chapter and all compensation for a referral or as a finder's fee shall be paid to the firm.

SB375,156 Section 156. 452.20 of the statutes is amended to read:

SB375,51,25 452.20 Limitation on actions for commissions. No person engaged in the business or acting in the capacity of a broker, or salesperson or time-share salesperson within this state may bring or maintain an action in the courts of this state for the collection of a commission or compensation for the performance of any act mentioned in this chapter without alleging and proving that he or she was a duly licensed broker, or salesperson or registered time-share salesperson at the time the alleged cause of action arose.

SB375,157 Section 157. 452.21 of the statutes is amended to read:

SB375,52,5 452.21 Compensation presumed. In any prosecution for violation of this chapter, proof that a person acted as a broker, agent, or salesperson or time-share salesperson is prima facie proof that compensation therefor was received or promised.

SB375,158 Section 158. 452.22 (2) of the statutes is amended to read:

SB375,52,15 452.22 (2) The certificate of the chairperson of the board or his or her designee to the effect that a specified individual or business entity is not or was not on a specified date the holder of a broker's, or salesperson's, or time-share salesperson's license or registration, or that a specified license or registration was not in effect on a date specified, or as to the issuance, limitation, suspension, or revocation of any license or registration or the reprimand of any license or registration holder licensee, the filing or withdrawal of any application or its existence or nonexistence, is prima facie evidence of the facts stated in the certificate for all purposes in any action or proceedings.

SB375,159 Section 159. 452.23 (1) of the statutes is amended to read:

SB375,52,21 452.23 (1) A broker or salesperson No licensee may not disclose to any person in connection with the sale, exchange, purchase, or rental of real property information, the disclosure of which constitutes unlawful discrimination in housing under s. 106.50 or unlawful discrimination based on handicap under 42 USC 3604, 3605, 3606, or 3617.

SB375,160 Section 160. 452.23 (2) (intro.) of the statutes is amended to read:

SB375,52,25 452.23 (2) (intro.) A broker or salesperson licensee is not required to disclose any of the following to any person in connection with the sale, exchange, purchase, or rental of real property:

SB375,161 Section 161. 452.23 (2) (b) of the statutes is amended to read:

SB375,53,10 452.23 (2) (b) Except as provided in sub. (3), information relating to the physical condition of the property or any other information relating to the real estate transaction, if a written report that discloses the information has been prepared by a qualified 3rd party and provided to the person. In this paragraph, "qualified 3rd party" means a federal, state, or local governmental agency, or any person whom the broker, salesperson licensee or a party to the real estate transaction reasonably believes has the expertise necessary to meet the industry standards of practice for the type of inspection or investigation that has been conducted by the 3rd party in order to prepare the written report.

SB375,162 Section 162. 452.23 (3) of the statutes is amended to read:

SB375,53,14 452.23 (3) A broker or salesperson licensee shall disclose to the parties to a real estate transaction any facts known by the broker or salesperson licensee that contradict any information included in a written report described under sub. (2) (b).

SB375,163 Section 163. 452.23 (4) of the statutes is amended to read:

SB375,53,20 452.23 (4) In performing an investigation or inspection and in making a disclosure in connection with a real estate transaction, a broker or salesperson licensee shall exercise the degree of care expected to be exercised by a reasonably prudent person who has the knowledge, skills, and training required for licensure as a broker or salesperson under this chapter.

SB375,164 Section 164. 452.24 (2) of the statutes is amended to read:

SB375,54,3 452.24 (2) Notwithstanding sub. (1), the broker or salesperson licensee is immune from liability for any act or omission related to the disclosure of information under sub. (1) if the broker or salesperson licensee in a timely manner provides to the person requesting the information written notice that the person may obtain information about the sex offender registry and persons registered with the registry by contacting the department of corrections. The notice shall include the appropriate telephone number and Internet site of the department of corrections.

SB375,165 Section 165. 452.25 (1) (a) of the statutes is amended to read:

SB375,54,8 452.25 (1) (a) Notwithstanding ss. 111.321, 111.322, and 111.335, and except as provided in pars. (b) to (e), no applicant who is an individual may be issued a broker's or salesperson's license or a time-share salesperson's certificate of registration if the applicant has been convicted of a felony.

SB375,166 Section 166. 452.25 (1) (b) of the statutes is amended to read:

SB375,54,16 452.25 (1) (b) If an applicant has been convicted of a felony described under par. (a); the applicant has completed the confinement portion of his or her sentence, if the applicant is serving a bifurcated sentence, or has been released from prison to parole or released upon the completion of his or her sentence; and 3 years have elapsed since the date on which the confinement portion was completed or the applicant was released, the applicant may apply to the board for a determination as to whether the applicant is suitable to be granted a license or certificate.

SB375,167 Section 167. 452.25 (1) (c) 2. of the statutes is amended to read:

SB375,54,20 452.25 (1) (c) 2. Reviewing any supplemental information provided by the applicant bearing upon his or her suitability for licensure as a broker or salesperson or for registration as a time-share salesperson.

SB375,168 Section 168. 452.25 (1) (d) of the statutes is amended to read:

SB375,54,23 452.25 (1) (d) With respect to a determination under par. (c), the applicant bears the burden of demonstrating his or her suitability for licensure or registration.

SB375,169 Section 169. 452.25 (1) (e) of the statutes is amended to read:

SB375,55,5 452.25 (1) (e) If the board makes a determination under par. (c) to allow an applicant to be granted a broker's or salesperson's license or a time-share salesperson's certificate of registration, the applicant shall be granted the license or certificate if the applicant satisfies all other requirements for granting the license or certificate of registration.

SB375,170 Section 170. 452.25 (2) (b) of the statutes is amended to read:

SB375,55,10 452.25 (2) (b) No applicant may be issued an initial broker's or salesperson's license or time-share salesperson's certificate of registration, and no applicant may renew such a license or certificate, if the applicant has violated par. (a) and failed to pay any forfeiture assessed by the board under s. 452.14 (4r) for that violation.

SB375,171 Section 171. 452.30 of the statutes is created to read:

SB375,55,13 452.30 Association with firm; independent practice. (1) No licensee may provide brokerage services on behalf of a firm unless all of the following apply:

SB375,55,14 (a) The licensee is associated with the firm.

SB375,55,16 (b) The licensee has notified the department that the licensee is associated with the firm.

SB375,55,18 (2) A licensee may notify the department that the licensee is associated with a firm under sub (1) (b) by doing one of the following:

SB375,55,21 (a) Providing the notice at the time the licensee first applies for licensure as a broker or salesperson. No separate fee for notifying the department may be required for such a notification under this paragraph.

SB375,55,23 (b) Notifying the department through the use of a form prescribed by the department and paying the transfer fee specified in s. 440.05 (7).

SB375,56,3 (3) A licensee who is associated with a firm may notify the department that the licensee has become associated with another firm using the method specified in sub. (2) (b).

SB375,56,6 (4) (a) A licensee that ceases to be associated with a firm shall, through the use of a form prescribed by the department, send written notice to the department within 10 days after the date on which the licensee ceases to be associated with the firm.

SB375,56,9 (b) A firm that terminates a licensee from being associated with the firm shall, through the use of a form prescribed by the department, send written notice of that termination to the department within 10 days after the termination.