Michigan License Law
A Michigan real estate licensee must disclose to all parties in a transaction which of the following?
AAll offers received from competing buyers
BTheir agency relationship and any potential conflicts of interest✓ Correct
CThe seller's original purchase price
DOther listings the broker holds in the same neighborhood
Explanation
Michigan licensees must disclose their agency relationship (who they represent) and any material conflicts of interest to all parties. This obligation applies at first substantive contact and must be in writing.
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