In 2015, the OSL (Out of State License) Law was passed. The law created a voluntary option in Wisconsin that permitted a Wisconsin firm, or an in-state licensee (ISL), to allow an out-of-state broker (OSL) to provide limited brokerage services in Wisconsin. Wis. Stat. § 452.137 allowed Wisconsin listing firms to either enter into a referral arrangement with an OSL or enter into a cooperative agreement with an OSL. Therefore, the ISL remains at the helm of the transaction while offering flexibility, if desired, to an ISL that is okay with an OSL participating in a transaction. The legislation was updated in 2017. In recent months, the volume of inquiries from OSL’s has increased, and the number of members inquiring about the law, and specific practitioners, has also increased. If you suspect an OSL is breaking the law in Wisconsin, CARW will assist in reaching out to the OSL to educate them on the law and the process to comply. If you have questions about the OSL Law or the WB28 Cooperative Agreement, click HERE. If you have questions about OSL or know of an OSL conducting business illegally in Wisconsin, contact the Association office.