Disclosure & Agency Law Resources

July 2018 Update to Disclosure Reports

Recent legislation modified the Real Estate Condition Report (RECR) and the Vacant Land Disclosure Report (VLDR). The new forms are required beginning July 1, 2018. Changes to the form include the following:

  • The seller is posed a question rather than a statement. 
  • The form includes check boxes rather than lines.
  • The report has been redesigned by offering categories such as structural and mechanical; environmental; well, septic and storage tanks; taxes, special assessment, permits; and land use. Therefore, the seller won’t be shocked when the section called "environmental" asks about radon and radium.
  • Provides examples to the seller of what types of defects might be included.
  • Offers blank lines for the explanation of "yes" responses at the end of each section rather than blank lines for all explanations of "yes" responses only at the end of the form.
  • Provides a statement reminding sellers that licensees are not permitted to answer sellers’ questions about whether an item is or is not a defect.
  • Includes new disclosures. 

All sellers required to complete a RECR or VLDR and must use the new report as of July 1, 2018. Any seller who has completed a RECR or VLDR prior to July 1, 2018, is not required to amend or complete a new report; only those who are completing a RECR or VLDR on July 1, 2018, and forward. If a listing is signed prior to July 1, 2018, but is not effective until July 1, 2018, then the seller would need to complete the RECR or VLDR effective July 1, 2018.

Previously, the WRA created a two-page RECR and a three-page RECR. The three-page form included supplemental explanation information for the seller. The law now includes such explanations and, therefore, the WRA has created only one RECR.

For more information about the changes to the RECR and VLDR, see the June 2018 Wisconsin Real Estate Magazine online at www.wra.org/WREM/June2018

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