"One of the central figures was Michael Burry, a former medical doctor turned hedge fund manager who did something few others did: He read the underlying loan data. What he found wasn't hidden at all. It was right there in the documents risky subprime mortgages, teaser rates poised to reset and assumptions baked into the system. And everyone seemed perfectly comfortable ignoring the fine and alarming print."
"Fast-forward to today's real estate industry, and if you look just beyond the trees, a familiar shape begins to emerge. In certain corners of the business, the distance between proper disclosure and true comprehension is troubling. Wisconsin just stepped directly into that space by shorting the transparency gap itself. This is the very place where trust-me transparency has long thrived, taking aim at listing contracts, digitally altered media and compensation arrangements."
Wisconsin enacted statutory measures that require clearer disclosure in residential real estate, targeting listing contracts, digitally altered media, and compensation arrangements. The statute narrows the gap between formal disclosures and consumer understanding by codifying transparency obligations and limiting 'trust-me' practices. The change parallels historical financial-warning instances where overlooked underlying data produced systemic risk. The new rules aim to make material facts plainly available and reduce deceptive or opaque practices. The statutory language raises compliance implications for brokers, advertisers, and platforms handling listings, and suggests heightened regulatory scrutiny and potential enforcement actions for failures to disclose.
Read at www.housingwire.com
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