Doe a person need a license to run a business where they publish information about properties, and bring a buyer and seller together and let them negotiate and finish the deal?
A. A person does not need a license if they only publish or disseminate verbatim information provided by a seller. However, Wis. Stat. § 452.01 (h), does require a license if for a commission, money or other thing of value, a person promotes the sale, exchange, purchase, option, rental or leasing of real estate or business opportunities. Therefore, the bringing together of a buyer and seller, implies some act in addition to merely publishing information on behalf of a seller. This additional act could constitute promotion and would require a license. Also, although the buyer and seller would negotiate and finish the deal, the statutory definition of negotiate may still apply to a person if the person acts as a facilitator. Wis. Stat. § 452.01(5m), states as follows: Negotiate means to act as an intermediary between the parties to a transaction, including doing any of the following: (a) Facilitating or participating in the parties’ discussion of the terms of a contract or agreement conc
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