Michigan License Law
A Michigan real estate licensee who has a financial interest in a property they are selling for a client must:
ANot disclose the interest to avoid influencing the price
BDisclose the financial interest to all parties in writing before proceeding✓ Correct
CResign from the transaction and refer it to another agent
DOnly disclose the interest to the buyer
Explanation
If a Michigan licensee has a personal financial interest in a property (such as being a part owner), they must disclose that interest in writing to all parties before proceeding with the transaction.
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