Wis. Admin. Code Department of Agriculture, Trade and Consumer Protection § ATCP 114.02 - Misrepresentations
No person in soliciting advance fees or contracts therefor shall make any of the following representations contrary to fact:
(1) That the amount of the advance fees or
the time of their payment is other than as provided by written
contract.
(2) That advance fees are
not payable prior to the sale of property.
(3) That advance fees or any part thereof
will be refunded if the property is not sold within a specified time, or that
refunds are freely and customarily made if property is not sold.
(4) That the person or any person whom the
person represents has or will furnish a list of qualified prospects who are
interested in buying the type of property involved.
(5) That the person or any person whom the
person represents can secure the sale of the property within a specified period
of time.
(6) That the person or any
person whom the person represents is affiliated or has any business connection
with any real estate or business opportunity brokers.
(7) That the person or any person whom the
person represents resides in or maintains an office within the state.
(8) That the person or any person whom the
person represents will perform any act or engage in any service beyond the acts
or services required by the terms of any written contract between the
parties.
(9) That the person is an
experienced or qualified appraiser of property.
(10) That the property will sell at a named
price or at a price in excess of that named or asked by the owner.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.