709.01 Requirements for transfer. - Wisconsin Statutes

709.01

709.01 Requirements for transfer.

709.01(1)

(1) Except as provided in sub. (2), all persons who transfer real property located in this state, including a condominium unit, as defined in s. 703.02 (15), and time-share property, as defined in s. 707.02 (32), but excluding property that has not been inhabited, that includes 1 to 4 dwelling units, as defined in s. 101.61 (1), by sale, exchange or land contract, unless the transfer is exempt from the real estate transfer fee under s. 77.25, shall comply with ss. 709.02 to 709.04 and 709.06.

709.01(2)

(2) Subsection (1) does not apply to any of the following persons, if those persons have never occupied the property transferred:

709.01(2)(a)

(a) Personal representatives.

709.01(2)(b)

(b) Trustees.

709.01(2)(c)

(c) Conservators.

709.01(2)(d)

(d) Fiduciaries who are appointed by, or subject to the supervision of, a court.

709.01 - ANNOT.

History: 1991 a. 162; 1995 a. 180.

709.01 - ANNOT.

Truth or Consequences? Residential Seller Disclosure Law. Conrad. Wis. Law. August 1992.

709.01 - ANNOT.

Protecting the Residential Seller. Young. Wis. Law. May 1993.