Senate Bill 457
Cooperation of Wisconsin licensed real estate brokers with out-of-state real estate brokers, salespersons, and time-share salespersons, powers of out-of-state brokers, requiring the exercise of rule-making authority, and providing a penalty. (FE)
Became law
The governor signed it on Apr 9, 2014. It's .
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Introduced, passed
Dec 20, 2013
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Committee, passed
Approved
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Senate vote, passed
Passed Feb 11, 2014
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Assembly vote, passed
Passed Feb 13, 2014
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Governor, passed
Signed
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Law, here now
2013 Wisconsin Act 259
Latest entry in the official record, Apr 9, 2014: “Published 4-9-2014”
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Terms on this page
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. More in the glossary
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
What it does
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
Under current law, the Real Estate Examining Board (board) licenses real estate brokers in Wisconsin. Generally, no person may engage in real estate practice in the state without a broker's license issued by the board. The board also licenses real estate salespersons and registers time-share salespersons. A real estate salesperson is any person, other than a broker or a time-share salesperson, who is employed by a broker. A time-share salesperson is a person employed by a broker exclusively to sell time shares.
This bill authorizes limited real estate practice in Wisconsin by an out-of-state broker who is not licensed by the board, and for the broker's out-of-state salesperson or time-share salesperson, if the out-of-state broker enters into a cooperative agreement with a broker licensed by the board. Under the bill, the board is required to develop, by rule, the form and content of the cooperative agreement. The cooperative agreement must establish the terms of cooperation between an out-of-state broker and a licensed broker, establish the terms of the out-of-state broker's compensation, and provide that all client funds received in connection with a real estate transaction subject to the cooperative agreement be deposited in a trust account maintained by the licensed broker.
Read the full summary Show less
Under the bill, an out-of-state broker may not do any of the following, including as a party to a cooperative agreement:
1. Enter into a listing agreement concerning real estate located in Wisconsin.
2. For commission, money, or other thing of value, promote in Wisconsin the sale, exchange, purchase, option, rental, or leasing of real estate located in Wisconsin, including by posting signs.
Under the bill, a broker licensed by the board who is a party to a cooperative agreement with an out-of-state broker, and any licensed salesperson or time-share salesperson of the licensed broker, may not act under the cooperative agreement on behalf of a broker who is not a party to the cooperative agreement. Additionally, unless the parties agree otherwise, the out-of-state broker must submit all documents it receives, maintains, or generates in connection with a real estate transaction subject to the cooperative agreement to the licensed broker. The out-of-state broker must keep all such documents for at least three years after the date of closing or completion on a transaction, or, if the transaction does not close or is not completed, three years after the date on which the parties executed the cooperative agreement.
Because this bill creates a new crime or revises a penalty for an existing crime, the Joint Review Committee on Criminal Penalties may be requested to prepare a report concerning the proposed penalty and the costs or savings that are likely to result if the bill is enacted.
Who's behind it
6 senators are its . 4 are Republicans and 2 are Democrats.
12 more lawmakers .
See all 18 names Hide the names
Authors (6)
- Glenn Grothman · Republican, Senate
- Sheila Harsdorf · Republican, Senate
- Julie M. Lassa · Democrat, Senate
- John Lehman · Democrat, Senate
- Luther S. Olsen · Republican, Senate
- Dale Schultz · Republican, Senate
Signed on in support (12)
- Mary Czaja · Republican, Assembly
- Jon Erpenbach · Democrat, Senate
- Robb Kahl · Democrat, Assembly
- Dean Knudson · Republican, Assembly
- Dale Kooyenga · Republican, Senate
- Mark Miller · Democrat, Senate
- Dave Murphy · Republican, Assembly
- Steve Nass · Republican, Senate
- Tod Ohnstad · Democrat, Assembly
- Daniel Riemer · Democrat, Assembly
- Jim Steineke · Republican, Assembly
- Duey Stroebel · Republican, Senate
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
Versions and amendments
Every text the Legislature printed for this bill, including proposed changes. Each opens on the Legislature's site.
How lawmakers voted
There were 2 votes on this bill.
Senate Committee on Insurance and Housing vote on an amendment
Passed, 5 to 0 · Feb 5, 2014
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report adoption of Senate Amendment 1 recommended by Committee on Insurance and Housing, Ayes 5, Noes 0”. Official record · This vote on its own page
Senate Committee on Insurance and Housing vote to recommend it
Passed, 5 to 0 · Feb 5, 2014
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report passage as amended recommended by Committee on Insurance and Housing, Ayes 5, Noes 0”. Official record · This vote on its own page
What happened
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Apr 9, 2014
The new law was published.
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Apr 9, 2014
The governor signed it. It became 2013 Wisconsin Act 259.
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Apr 7, 2014
Sent to the governor.
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Feb 13, 2014
The Assembly passed it too.
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Feb 13, 2014
1 more representative signed on in support.
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Feb 11, 2014
Sent to the Assembly Committee on Rules.
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Feb 11, 2014
The Assembly received it.
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Feb 11, 2014
1 more senator signed on in support.
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Feb 11, 2014
The Senate passed it.
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Feb 11, 2014
The Senate adopted it.
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Feb 5, 2014
The committee voted to recommend passing it, 5 to 0.
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Feb 5, 2014
“Report adoption of Senate Amendment 1 recommended by Committee on Insurance and Housing, Ayes 5, Noes 0” (the official wording)
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Jan 22, 2014
The committee held a public hearing.
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Jan 21, 2014
1 more senator signed on in support.
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Jan 2, 2014
A state agency sent in its estimate of the cost.
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Dec 20, 2013
Sent to the Senate Committee on Insurance and Housing.
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Dec 20, 2013
Introduced in the Senate.
See the official record, word for word Hide the official record
- Dec 20, 2013 · Senate
Introduced by Senators Olsen, Harsdorf, Schultz, Grothman, Lehman and Lassa; cosponsored by Representatives Knudson, Kooyenga, Murphy, Steineke, Stroebel, Czaja, Ohnstad, Kahl and Nass
- Dec 20, 2013 · Senate
Read first time and referred to Committee on Insurance and Housing
- Jan 2, 2014 · Senate
Fiscal estimate received
- Jan 21, 2014 · Senate
Senator Erpenbach added as a coauthor
- Jan 22, 2014 · Senate
Public hearing held
- Jan 28, 2014 · Senate
Senate Amendment 1 offered by Senator Olsen
- Jan 30, 2014 · Senate
Executive action taken
- Feb 5, 2014 · Senate
Report adoption of Senate Amendment 1 recommended by Committee on Insurance and Housing, Ayes 5, Noes 0
- Feb 5, 2014 · Senate
Report passage as amended recommended by Committee on Insurance and Housing, Ayes 5, Noes 0
- Feb 5, 2014 · Senate
Available for scheduling
- Feb 6, 2014 · Senate
Placed on calendar 2-11-2014 pursuant to Senate Rule 18(1)
- Feb 11, 2014 · Senate
Read a second time
- Feb 11, 2014 · Senate
Senate Amendment 1 adopted
- Feb 11, 2014 · Senate
Ordered to a third reading
- Feb 11, 2014 · Senate
Rules suspended
- Feb 11, 2014 · Senate
Read a third time and passed
- Feb 11, 2014 · Senate
Ordered immediately messaged
- Feb 11, 2014 · Senate
Senator Miller added as a coauthor
- Feb 11, 2014 · Assembly
Received from Senate
- Feb 11, 2014 · Assembly
Read first time and referred to committee on Rules
- Feb 11, 2014 · Assembly
Placed on calendar 2-13-2014 by Committee on Rules
- Feb 13, 2014 · Assembly
Representative Riemer added as a cosponsor
- Feb 13, 2014 · Assembly
Rules suspended to withdraw from calendar and take up
- Feb 13, 2014 · Assembly
Read a second time
- Feb 13, 2014 · Assembly
Ordered to a third reading
- Feb 13, 2014 · Assembly
Rules suspended
- Feb 13, 2014 · Assembly
Read a third time and concurred in
- Feb 13, 2014 · Assembly
Ordered immediately messaged
- Feb 14, 2014 · Senate
Received from Assembly concurred in
- Feb 19, 2014 · Senate
Report correctly enrolled
- Apr 7, 2014 · Senate
Presented to the Governor on 4-7-2014
- Apr 9, 2014 · Senate
Report approved by the Governor on 4-8-2014. 2013 Wisconsin Act 259
- Apr 9, 2014 · Senate
Published 4-9-2014
Terms on this page
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. More in the glossary
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote