Vacant land gets its own disclosure form
Most states exempt raw land from seller disclosure. Wisconsin does the opposite. Wis. Stat. § 709.001(5)(b) defines real property that does not include any buildings, and § 709.033 prescribes the vacant land disclosure report the owner of that property completes. Under § 709.02 the owner furnishes it not later than 10 days after acceptance of a contract of sale or option contract; a buyer who does not receive it may rescind within 2 business days after that period ends and recover deposits. Section 709.01 carries the exceptions — transfers exempt from the real estate transfer fee under § 77.25, and personal representatives, trustees, conservators and court-appointed fiduciaries who never occupied the property.