Property Ownership
The Wisconsin Condominium Ownership Act requires that buyers receive a condominium disclosure packet:
AOnly if the building is more than 10 years old
BBefore signing the purchase offer
CWithin 5 days of offer acceptance, with a right to rescind within that period✓ Correct
DAt closing only
Explanation
Wisconsin law requires that a condo disclosure packet be provided to the buyer, who then has a rescission period to review it. The buyer may rescind the contract within the statutory period after receiving the complete packet.
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