Wisconsin wholesaling law · checked October 21, 2026
The short answer — Wisconsin
Yes — with written notice at two moments: tell the seller you are a wholesaler no later than signing, and tell your assignee, no later than the assignment contract, that you hold equitable interest and are conveying a contract, not title.
Rule: Wis. Stat. § 710.13 (2023 Act 208; amended 2025 Act 60); pattern test at § 452.01(2)(b) · In force: March 24, 2024 · Penalty if ignored: If a disclosure is late or missing, the other side may rescind any time before closing (non-waivable); the seller keeps deposits and the assignee is repaid. Act 208 also raised general unlicensed-practice fines to up to $5,000.
Checked October 21, 2026 against the official source: docs.legis.wisconsin.gov. Information only — not legal advice.
Wisconsin's § 710.13 requires a wholesaler to give the seller written notice, no later than signing the contract, that the buyer is a real property wholesaler (1–4 unit residential). No later than entering the assignment contract, the wholesaler must give the assignee written notice that it is a wholesaler holding an equitable interest, conveying contract interest and not title. A separate general rule matters at volume: 5 sales or exchanges in one year, or 10 in five, is a presumptive 'pattern' of brokerage under § 452.01(2)(b).
No. Wisconsin asks for written disclosure, not a license. Yes — with written notice at two moments: tell the seller you are a wholesaler no later than signing, and tell your assignee, no later than the assignment contract, that you hold equitable interest and are conveying a contract, not title.
Scope: 1–4 unit residential property. Cancellation: Rescind any time before closing if the disclosure was late or missing (non-waivable). Source: official text / regulator page.
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