SB687: Bill Text

SB687,14,16 CAUTION: The lists of defects following each question below are examples only and are not the only defects that may properly be disclosed in response to each respective question.

SB687,15,35 B. ENVIRONMENTAL - See PDF for table

SB687,16,12 C. WELLS, SEPTIC SYSTEMS, STORAGE TANKS - See PDF for table

SB687,16,82 D. TAXES, SPECIAL ASSESSMENTS, PERMITS, ETC. - See PDF for table

SB687,18,74 E. LAND USE - See PDF for table

SB687,19,81 F. ADDITIONAL INFORMATION - See PDF for table

SB687,19,86 OWNER'S CERTIFICATION

SB687,19,91 NOTE: Wisconsin Statute section 709.035 requires owners who, prior to acceptance of a purchase contract or an option to purchase, obtain information that would change a response on this report to submit a complete amended report or an amendment to the previously completed report to the prospective buyer within 10 days of acceptance.

SB687,19,93 The owner certifies that the information in this report is true and correct to the best of the owner's knowledge as of the date on which the owner signs this report.

SB687,19,94 Owner ................................................ Date ..............

SB687,19,95 Owner ................................................ Date ..............

SB687,20,1 Owner ................................................ Date ..............

SB687,20,3 CERTIFICATION BY PERSON SUPPLYING INFORMATION

SB687,20,7 A person other than the owner certifies that the person supplied information on which the owner relied for this report and that the information is true and correct to the best of the person's knowledge as of the date on which the person signs this report.

SB687,20,8 Person ..................................... Items ....................................... Date .................

SB687,20,9 Person ..................................... Items ....................................... Date .................

SB687,20,10 Person ..................................... Items ....................................... Date .................

SB687,20,12 BUYER'S ACKNOWLEDGEMENT

SB687,20,15 The prospective buyer acknowledges that technical knowledge such as that acquired by professional inspectors may be required to detect certain defects such as the presence of asbestos, building code violations, and floodplain status.

SB687,20,16 I acknowledge receipt of a copy of this statement.

SB687,20,17 Prospective buyer ........................................... Date .................

SB687,20,18 Prospective buyer ........................................... Date .................

SB687,20,19 Prospective buyer ........................................... Date .................

SB687,6 Section 6. Nonstatutory provisions.

SB687,21,2 (1) Real estate condition and vacant land disclosure reports. Notwithstanding section 709.035 of the statutes, a property owner who furnished to a prospective buyer of the property an original or amended report before the effective date of this subsection need only submit an amended report with respect to the information required under section 709.03 (form) of the statutes, 2015 stats., or by section 709.033 (form) of the statutes, 2015 stats.

SB687,21,18 (2) Emergency rules. Using the procedure under section 227.24 of the statutes, the department of safety and professional services may promulgate rules governing the information about defects that a home inspector is required to provide to a client concerning the results of a home inspection under sections 440.974 (1) (c) and 440.975 (3) (cm) of the statutes for the period before the effective date of permanent rules promulgated under section 440.974 (1) (c) of the statutes but not to exceed the period authorized under section 227.24 (1) (c) of the statutes, subject to extension under section 227.24 (2) of the statutes. Notwithstanding section 227.24 (1) (a), (2) (b), and (3) of the statutes, the department is not required to provide evidence that promulgating a rule under this subsection as an emergency rule is necessary for the preservation of the public peace, health, safety, or welfare and is not required to provide a finding of emergency for a rule promulgated under this subsection. Notwithstanding section 227.24 (1) (e) 1d. and 1g. of the statutes, for emergency rules promulgated under this subsection, the department is not required to prepare and obtain approval of a statement of scope of the rules or to submit the proposed rules in final draft form to the governor for approval.

SB687,7 Section 7. Initial applicability.

SB687,21,22 (1) Real estate condition and vacant land disclosure reports. The treatment of sections 709.03 and 709.033 of the statutes first applies to reports that are furnished on the effective date of this subsection.

SB687,8 Section 8. Effective date.

SB687,21,24 (1) This act takes effect on July 1, 2018.

SB687,21,25 (End)