Foreclosure Equity Theft Loophole
LEGISLATION2023 Wisconsin Act 207 Wisconsin Legislative Council Act Memo: 2023 Act 207The WRA supports requiring counties to sell property and distribute any net proceeds to the former owner after acquiring the property through a property tax foreclosure. BackgroundIn...
Real Estate Practice Changes
LEGISLATION2023 Wisconsin Act 208 Wisconsin Legislative Council Act Memo: 2023 Act 208MEMOS SUPPORTING LEGISLATIONWRA Memo on AB 918 WRA Amended Memo on AB 918The WRA supports making changes improve real estate practice, including establishing a safe harbor, requiring...
Discriminatory Covenants and Deed Restrictions in Wisconsin
Offensive, discriminatory covenants based on race and other protected classes appear in deeds and subdivision restrictions and covenants throughout Wisconsin. While illegal, this language haunts the title records and title commitment reports received by buyers looking to purchase these properties.
Eliminating the Personal Property Tax
Most property owners receive one property tax bill annually. However, many business owners, receive two tax bills — one tax bill for their real property and a second for their personal property, including furniture, fixtures, tools, and other business-related...
No More Chasing Sales, Fair Assessments for All
Wisconsin’s constitution requires all property tax assessments to be assessed uniformly. Specifically, Article VIII, Section 1 states, “The rule of taxation shall be uniform ….” This language, known as the “uniformity clause,” was inserted in the constitution in the 1800s to prevent state and local lawmakers from giving preferential treatment to some property owners over others.
Housing Supply Solutions
Wisconsin employers are having difficulty recruiting workers to fill thousands of job openings due to a shortage of affordable housing options for workers.
DSPS Education Efficiencies
The Department of Safety and Professional Services (DSPS) regulates and licenses more than 208 different types of credentials, including real estate licensees. As the fourth largest license holder at DSPS, the WRA and its members are highly invested in making sure the...
Clarify Wisconsin MLS sales tax exemption
In November 2021, the Wisconsin Department of Revenue (DOR) expanded the scope of “digital goods” guidance to include access to online databases. DOR revised Publication 240 to clarify that “other news or information products” are not limited to products that disseminate news but also include any products that disseminate information, where information is a collection of facts or data (not necessarily news-related).
Right to Rent Law
LEGISLATION66.1014 - Limits on residential dwelling rental prohibitedWisconsin’s right to rent law balances the rights of property owners to rent their homes and the rights of their neighbors to use and enjoy their property. The law was passed in response to a growing...
Homeowners Associations
LEGISLATION2021 Wisconsin Act 199A homeowners’ association (HOA) is a subdivision organization that creates and enforces rules relating to properties within its control. Typically, when a property is purchased within an HOA, the property owner automatically becomes a...