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REAL ESTATE CONDITION REPORT. Page 1 of 2. DISCLAIMER. A. THIS CONDITION REPORT CONCERNS THE REAL PROPERTY LOCATED AT (STREET ADDRESS) IN THE (CITY) (VILLAGE) (TOWN) OF , COUNTY OF , STATE OF WISCONSIN.
An “owner” who transfers real estate containing one to four dwelling units, including a condominium unit and time-share property, by sale, exchange, or land contract is required to complete this report.
THIS CONDITION REPORT CONCERNS THE REAL PROPERTY LOCATED AT _______________________________________. (STREET ADDRESS) _______________________________________________ IN THE _________________ OF ______________________, COUNTY. (CITY) (VILLAGE) (TOWN) OF _____________________________, STATE OF WISCONSIN. THIS REPORT IS A DISCLOSURE OF THE ...
Most, but not all, sellers of real estate in Wisconsin are required to submit a real estate condition report to any potential buyer. (See Chapter 709 of the Wisconsin Statutes.) The law doesn't, however, apply to multi-unit properties (more than four dwelling units).
709.03 Residential real estate condition report form. The report required under s. 709.02 with respect to real property, as defined in s. 709.001 (5) (a), shall be in substantially the follow-ing form and shall include at least all of the following information: REAL ESTATE CONDITION REPORT. DISCLAIMER.
May 26, 2021 · Wisconsin Real Estate Condition Reports – A Brief Overview for Buyers and Sellers. Generally when selling a home, Wisconsin homeowners are required under Wis. Stat. § 709.02. to provide buyers with a Real Estate Condition Report (“Report”).
The RECR is a disclosure of information known to the seller about the condition of the property for sale. It is not a property condition warranty. Wisconsin public policy promotes seller disclosure of property conditions and defects because sellers are the most familiar with the property.
