(1) Except as provided in sub. (2) , all persons who transfer real property located in this state, including a condominium unit, as defined in s. 703.02 (15) , and time-share property, as defined in s. 707.02 (32) , but excluding property that has not been inhabited, that includes 1 to 4 dwelling units, as defined in s. 101.61 (1) , by sale, exchange or land contract, unless the transfer is exempt from the real estate transfer fee under s. 77.25 , shall comply with ss. 709.02 to 709.04 and 709.06 .
(2) Subsection (1) does not apply to any of the following persons, if those persons have never occupied the property transferred:
(a) Personal representatives.
(b) Trustees.
(c) Conservators.
(d) Fiduciaries who are appointed by, or subject to the supervision of, a court.