Wisconsin License Law
A Wisconsin licensee's obligation to 'keep principal informed' under Wis. Stat. § 452.133(1) means they must promptly disclose:
AOnly information requested by the client
BMaterial adverse facts and all information material to the transaction that the client would reasonably want to know✓ Correct
COnly favorable information about the transaction
DInformation only when asked at scheduled updates
Explanation
Wisconsin law requires licensees to proactively disclose all information that is material to the transaction — including adverse facts — that a reasonable client would want to know.
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