What Wisconsin requires
- Owners transferring property with 1 to 4 dwelling units, including condominium units and time-shares, by sale, exchange or land contract complete the report, unless the transfer is exempt from the real estate transfer fee, the property has never been inhabited, or the owner is a court-supervised personal representative, trustee, conservator or fiduciary who never occupied itWis. Stat. s. 709.01
- The owner furnishes a completed report to the prospective buyer not later than 10 days after acceptance of the contract of sale or option contract; a buyer who does not receive it may rescind within 2 business days after that 10-day periodWis. Stat. s. 709.02 (1)
- The report is complete only if the owner answered each item; every "yes" is explained in the additional information areaWis. Stat. s. 709.02 (1)
- An owner who learns, before acceptance, of anything that would change an answer submits a complete amended report or an amendment within the time for the reportWis. Stat. s. 709.035
- A buyer who receives the report after submitting the contract may rescind in writing within 2 business days after receipt if it discloses a defect the buyer did not know of; an incomplete report also allows rescission within 2 business days; the right can be waived in writing and ends at closingWis. Stat. s. 709.05 ยท Wis. Stat. s. 709.08
- The owner indicates compliance with chapter 709 on the contract of sale or option contract, the closing statement or an addendumWis. Stat. s. 709.04
- For a condominium unit, the owner also furnishes, with the report, the addendum s. 709.02 (2) describes (the condominium, its association, fees and other information)Wis. Stat. s. 709.02 (2)
- Each disclosure is made with honesty in fact; the owner is not liable for errors the owner did not know of, or based on information from a public agency or a licensed professionalWis. Stat. s. 709.06 and 709.07
Who fills it in
Owners selling, exchanging or land-contracting property with 1 to 4 dwelling units, condominium units and time-shares complete the report. Transfers exempt from the real estate transfer fee, never-inhabited homes, and court-supervised fiduciaries who never lived there are outside it.
Completing the report
Every question is answered yes, no or N/A, and each yes is explained in that section's additional information space; a report is complete only when every item is answered. The examples under each question are not the only defects to disclose. A condominium sale also needs the addendum describing the condominium and its association.
Deadlines and the buyer's right to rescind
The report reaches the buyer within 10 days after the contract is accepted. If it does not, the buyer may rescind within 2 business days after those 10 days. A buyer who gets the report after submitting the contract may rescind within 2 business days of receipt if it discloses a defect the buyer did not know about. The buyer can waive the right in writing, and it ends at closing. Compliance is noted on the contract, the closing statement or an addendum.
Common mistakes
- Answering yes without the explanation the form requires.
- Leaving an item blank, which makes the report incomplete and opens a 2-business-day rescission.
- Forgetting the condominium addendum when selling a condominium unit.
- Missing the 10-day deadline after acceptance.
Sources
- Wis. Stat. s. 709.01, checked October 25, 2026
- Wis. Stat. s. 709.02 (1), checked October 25, 2026
- Wis. Stat. s. 709.035, checked October 25, 2026
- Wis. Stat. s. 709.05, checked October 25, 2026
- Wis. Stat. s. 709.08, checked October 25, 2026
- Wis. Stat. s. 709.04, checked October 25, 2026
- Wis. Stat. s. 709.02 (2), checked October 25, 2026
- Wis. Stat. s. 709.06 and 709.07, checked October 25, 2026
Last reviewed October 25, 2026. Next review due January 25, 2027. This page explains published rules to help you write your report. It is not legal advice; the official text linked above governs.