452.142 Actions concerning licensees.
(1) Notwithstanding s. 100.18 (11) (b) 3., 893.43, 893.52, or 893.57, an action concerning any act or omission of a firm or any licensee associated with the firm relating to brokerage services shall be commenced within 2 years after whichever of the following that applies occurs first:
(a) A transaction is completed or closed.
(b) An agency agreement is terminated.
(c) An unconsummated transaction is terminated or expires.
(2) The period of limitation under this section may not be reduced by agreement.
(3) The period of limitation under this section does not apply to disciplinary actions initiated by the board.
History: 2015 a. 258.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 452 - Real estate practice.
452.03 - Brokers and salespersons licensed.
452.05 - Duties and powers of board.
452.06 - Councils and committees.
452.08 - Board receipt of proposed legislation.
452.09 - Application for license, contents.
452.10 - Applications, verification, fees, exceptions.
452.11 - Nonresident applicants and licensees.
452.132 - Responsibilities of firms and licensees.
452.133 - Duties of licensees; prohibitions.
452.134 - Agency relationships; multiple representation relationships.
452.135 - Disclosure of duties.
452.136 - Advertising by licensees.
452.137 - Cooperation with out-of-state brokers and salespersons.
452.138 - Firms providing services in more than one transaction.
452.139 - Changes in common law duties and liabilities of brokers and parties.
452.14 - Investigation and discipline of licensees.
452.142 - Actions concerning licensees.
452.19 - Fees and commissions.
452.20 - Limitation on actions for commissions.
452.21 - Compensation presumed.
452.22 - Certifications as evidence.
452.23 - Disclosures, investigations and inspections by brokers and salespersons.
452.24 - Disclosure duty; immunity for providing notice about the sex offender registry.
452.25 - Criminal convictions and disclosures.
452.30 - Association with firm; independent practice.
452.34 - Unlicensed personal assistants.
452.38 - Independent contractor relationship.