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WI AB456
Bill
Status
12/10/2025
Primary Sponsor
Scott Krug
Click for details
AI Summary
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Listing firms must advertise residential properties (1-4 units) on public internet platforms within one business day of signing an agency agreement, unless the owner signs a disclosure and opt-out form acknowledging reduced market exposure and potential negative impacts on sale price
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Real estate firms are prohibited from accepting compensation from other firms for brokerage services on residential transactions (1-4 units), though referral fees and finder's fees remain permitted
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If a seller agrees to pay compensation to a buyer's agent (non-listing firm), the agreement must be expressly stated in the executed offer to purchase and signed by both buyer and seller
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Licensees must disclose when property advertising has been altered using technology, including artificial intelligence, to add, remove, or change elements that create a false or misleading impression
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Takes effect January 1, 2027; the board must develop a consumer brochure explaining public marketing benefits and the implications of opting out of marketing requirements
Legislative Description
Changes regarding the laws governing real estate practice. (FE)
Last Action
Published 12-10-2025
12/10/2025