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Assignments in Wisconsin (WI)

ItemValue
Is an assignment legal here?yes
What the matrix says about itAssignment of one's own purchase contract is a common-law right and is not itself licensed activity in this state; the constraint is on MARKETING and on DISCLOSURE.
Marketing rule the gate enforceslicence_required_above_four_per_12_months
What that means in practice452.01(2)(a) requires acting 'For another person, and for commission, money, or other thing of value' -- own-account activity is outside it, and it expressly reaches 'the granting or acceptance of an option to sell, exchange, purchase, or rent, an interest or estate in real estate'. But 452.01(2)(b) has NO 'for another' element: it turns on a PATTERN OF SALES alone. That is the binding constraint, so F5259 caps Wisconsin at FOUR per rolling 12 months.
What triggers a licence requirementWis. Stat. 452.01(2)(b): a person 'engaged wholly or in part in the business of selling or exchanging interests or estates in real estate ... to the extent that a pattern of sales or exchanges is established' is a broker; the pattern is presumed at five sales/exchanges in a year or ten over five years.
Written seller disclosure required?yes
Basis for the disclosureContract term + state UDAP/consumer-protection statute.
Statutory wording required?no
F5259 bucketGO_WITH_CONDITIONS
Condition the gate enforcesHard cap of FOUR assignments per rolling 12 months. No public marketing of the property.
Verification statusPRIMARY_STATUTE
Attorney review required before first use?yes
Volume cap4 assignment(s) per rolling 12 months. Logged in the current window: 0. Remaining: 4.

Verdict by lead class

Lead classVerdict
landGO_WITH_DISCLOSURE_CAPPED_1_PER_YEAR
preforeclosure non owner occupiedNO
preforeclosure owner occupiedNO
probateGO_WITH_DISCLOSURE_CAPPED_1_PER_YEAR
tax delinquentGO_WITH_DISCLOSURE_CAPPED_1_PER_YEAR

Primary sources

the whole grid · probate in WI · the disclosure blocks

Not legal advice. We are not a law firm and we do not draft documents for anyone else. A template is a starting point for a transaction you are a principal in; it is not a substitute for a lawyer licensed in the state the property sits in, and in several states the disclosure below has statutory wording that must be copied exactly. Have counsel read it before you sign.


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