Wisconsin Administrative Code (Last Updated: January 10, 2017) |
Agency REEB. Real Estate Examining Board |
Chapter ERules. Emergency Rules |
EmR1503. Relating to: Use of approved forms
Latest version.
-
Real Estate Examining Board (REEB)
Administrative Code Chapter Affected:
Ch. REEB 16 (Revised)
Related to: Use of approved forms
Comments for this rule have closed
Statement of Scope: SS 059-14
Related Permanent Rule: CR 15-006
Date Filed With LRB: January 15, 2015
Date Published: January 22, 2015
Effective Start Date: January 22, 2015
Expiration Date: June 20, 2015
Hearing Date: February 26, 2015
Notes: The scope statement for this rule, SS 059-14, was approved by the Governor on June 9, 2014, and was published in Register 702 on June 30, 2014. The Real Estate Examining Board approved for implementation on approval August 21, 2014.
This emergency rule was approved by the Governor on January 8, 2015.Register Entries
Date Register File 1/26/2015 709B, Emergency Rules Filed with Legislative Reference Bureau EmR1503 Fiscal Estimate 1/26/2015 709B, Emergency Rules Filed with Legislative Reference Bureau EmR1503 Rule Text 2/9/2015 710A2, Rule-Making Notices (Hearing Notices) CR 15-006, EmR1503 Rule Text 2/9/2015 710A2, Rule-Making Notices (Hearing Notices) CR 15-006, EmR1503 Economic Impact Analysis 2/9/2015 710A2, Rule-Making Notices (Hearing Notices) CR 15-006, EmR1503 Hearing Information STATE OF WISCONSINREAL ESTATE EXAMINING BOARD---------------------------------------------------------------------------------------------------------- ---------- -IN THE MATTER OF RULE-MAKING : ORDER OF THEPROCEEDINGS BEFORE THE : REAL ESTATE EXAMINING BOARDREAL ESTATE EXAMINING BOARD : ADOPTING EMERGENCY RULES:---------------------------------------------------------------------------------------------------------------------ORDERAn order of the Real Estate Examining Board to amend REEB 16.06 (1) (b) relating to use of approved forms.Analysis prepared by the Department of Safety and Professional Services .---------------------------------------------------------------------------------------------------------------------FINDING OF EMERGENCYThe Real Estate Examining Board included the word “not” in the initial rule CR 13-073 filed with the legislative council clearinghouse but u nintentionally omitted the word from the final draft submitted to the legislature.Section REEB 16.06 (1) (b) relates to a licensee’s use of board approved forms. This specific paragraph has been in this rule and in effect prior to July 1988. The omission of the word “not” would allow reproduction of any board approved form in such a manner that option provisions may be omitted and blank lines are filled in without any indication on the form that the form had been altered which may negatively affect protections to consumers entering into real estate transactions.---------------------------------------------------------------------------------------------------------------------ANALYSISExplanation of agency authority: The Board shall promulgate rules for the guidance of the profession not inconsistent with the laws relating to real estate.Related statute or rule:Plain language analysis:Section 1 inserts the word “not” which was inadvertently omitted in CR 13-073 .Summary of, and comparison with, existing or proposed federal regulation: NoneComparison with rules in adjacent states:Illinois : Illinois does not have rules related altering real estate forms.Iowa : Iowa does not have rules related altering real estate forms.Michigan : Michigan does not have rules related altering real estate forms.Minnesota: Minnesota does not have rules related altering real estate forms.Summary of factual data and analytical methodologies:This rule simply reinserts a word which was part of the rule prior to CR-13-073 which inadvertently deleted it.Analysis and supporting documents used to determine effect on small business or in preparation of economic impact analysis :Fiscal Estimate and Economic Impact Analysis:This rule will have no fiscal impactEffect on small business :These proposed rules do not have an economic impact on small businesses, as defined in s. 227.114 (1) , Stats. The Department’s Regulatory Review Coordinator may be contacted by email at Tom.Engels @wisconsin.gov , or by calling (608) 266-8608.Agency contact person :Sharon Henes, Administrative Rules Coordinator , Department of Safety and Professional Services , Division of Board Services, 1400 East Washington Avenue, Room 151, P.O. Box 8935, Madison, Wisconsin 53708; telephone 608- 261-2377 ; email at Sharon.Henes @wisconsin.gov .---------------------------------------------------------------------------------------------------------------------TEXT OF RULESection 1. REEB 16.06(1)(b) is amended to read:(b) Not reproduce the form in such a manner that optional provisions are omitted and blank lines are filled in without any indication of where the optional provisions and blank lines occur on the b oard−approved form.Section 2 . EFFECTIVE DATE. Pursuant to s. 227.24 (1) (c) , Stats., these rules shall take effect upon publication in the official state newspaper.---------------------------------------------------------------------------------------------------------------------(END OF TEXT OF RULE)---------------------------------------------------------------------------------------------------------------------