Wisconsin Timeshare and Real Estate Licensing Bill Enacted (AB 456)

2016-05-27

Issue Brief

Existing Wisconsin law required a broker or salesperson to obtain a license for the act of “physically” selling real property in the state. However, timeshare and membership campground salespersons were required to register with the Department of Regulation and Licensing’s Real Estate Examining Board (REEB) instead.

The Wisconsin timeshare and real estate licensing bill AB 456, sponsored by the state Association of Realtors, was proposed to eliminate this registration requirement for timeshare salespeople in the state. 

Impact

The enactment of AB 456 would greatly streamline the timeshare sales process. It would eliminate the need for registration of timeshare salespersons by the REEB at the end of the current biennial registration period. 

Position/Call to Action

ARDA supports AB 456 and has advocated for the bill’s enacted to streamline the sales process. ARDA will continue to support bills that modernize the timeshare sales process and provides an enhanced experience for consumers. 

Resolution

AB 456 was signed by the governor on March 2nd as a larger part of Wisconsin Act 258, with most provisions set to take effect on July 1, 2016. Specifically, the repeal of the provisions related to timeshare salespersons take effect on December 14, 2016. 

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