Since 1993, Wisconsin Statutes require real estate brokers to establish interest-bearing real estate trust accounts for the deposit of all down payments, earnest money, and other trust funds received by the broker and related to the conveyance of real estate. Banks and other depository institutions remit the interest from the IBRETA accounts to the State. The Department of Administration's Division of Energy, Housing and Community Resources utilize these funds to augment existing emergency shelter and transitional homeless programs. IBRETA dollars partially fund grants to organizations that provide emergency shelter and supportive services to individuals and/or families experiencing homelessness.
Forms
IBRETA Remittance Form
*Note: Remittance form cannot be submitted by email.
Resources
Requirements for Real Estate Trust Account Bookkeeping System
Consent to Examine and Audit Trust Account
Statutes and Rules
Wis. Stats. § 452.13
Wis. Admin. Code Ch. REEB 18
Contact Information
For questions on the IBRETA remittance form, please contact DEHCR Fiscal.
For questions on general real estate trust account requirements, please contact the Department of Safety and Professional Services.
For more information regarding the regulations of your IBRETA account, please contact:
Real Estate Trust Account
WI Department of Safety and Professional Services
PO Box 8935, Madison, WI 53708-8935
Telephone Number: (608) 266-2112
