2023 Senate Bill 602 / 2024 Public Act 122

Occupations: real estate; right-to-list home sale agreement; require certain provisions of a valid agreement.

An act to amend 1980 PA 299, entitled “An act to revise, consolidate, and classify the laws of this state regarding the regulation of certain occupations and to regulate certain persons and activities relative to those occupations; to create a board for each of those occupations; to establish the powers and duties of certain departments and agencies and the boards of each occupation; to provide for the promulgation of rules; to provide for certain fees; to provide for penalties and civil fines; to establish rights, relationships, and remedies of certain persons under certain circumstances; to provide immunity from certain civil liability for certain entities and certain related occupations under certain circumstances; to repeal certain parts of this act on a specific date; and to repeal certain acts and parts of acts,” by amending sections 2501 and 2512 (MCL 339.2501 and 339.2512), as amended by 2016 PA 502, and by adding section 2512g.

AI Analysis – Experimental

Outlines the responsibilities and relationships between real estate brokers, associate brokers, and salespersons, emphasizing the need for written agreements and proper handling of client funds. The act introduces new requirements for right-to-list home sale agreements, making them void and unenforceable if they are not in writing, not signed by all owners, exceed a two-year period, or lack an early termination option with specified terms.

Introduced in the Senate

Oct. 24, 2023

Introduced by Sen. Kevin Hertel (D-12)

Referred to the Committee on Regulatory Affairs

Feb. 15, 2024

Reported with substitute S-1

Feb. 20, 2024

Referred to the Committee of the Whole

Feb. 22, 2024

Reported with substitute S-1

Substitute S-1 concurred in by voice vote

Feb. 27, 2024

Passed in the Senate 38 to 0 (details)

Received in the House

Feb. 27, 2024

Referred to the Committee on Regulatory Reform

May 14, 2024

Reported without amendment

June 26, 2024

Passed in the House 103 to 7 (details)

Motion to give immediate effect by Rep. Jimmie Wilson (D-32)

The motion prevailed by voice vote

Received in the Senate

June 26, 2024

Motion to give immediate effect by Sen. Sam Singh (D-28)

The motion prevailed by voice vote

Signed by Gov. Gretchen Whitmer

July 25, 2024