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.
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
by
Referred to the Committee on Regulatory Affairs
Reported with substitute S-1
Referred to the Committee of the Whole
Reported with substitute S-1
Substitute S-1 concurred in by voice vote
Passed in the Senate 38 to 0 (details)
Referred to the Committee on Regulatory Reform
Reported without amendment
Passed in the House 103 to 7 (details)
Motion to give immediate effect
by
The motion prevailed by voice vote
Motion to give immediate effect
by
The motion prevailed by voice vote
