Michigan License Law
A Michigan real estate licensee is prohibited from:
ARepresenting both buyer and seller with informed written consent
BPurchasing property listed with their own firm after full disclosure
CActing as a principal in a transaction without disclosure of their licensed status✓ Correct
DReceiving referral fees from out-of-state brokers
Explanation
Michigan licensees must disclose their licensed status when acting as a principal (buyer or seller) in any real estate transaction. Failure to disclose is a violation of the Occupational Code.
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