Michigan License Law
In Michigan, a 'consent to dual agency' signed by both buyer and seller must:
ABe verbal to preserve confidentiality
BBe in writing and signed by both parties before the dual agent begins representing both✓ Correct
CBe filed with LARA
DInclude the exact purchase price agreed to
Explanation
Michigan requires written, informed consent from both buyer and seller before a licensee may act as a dual agent. The consent must be obtained prior to entering the dual agency arrangement and must explain the limitations of dual agency.
Related Michigan Michigan License Law Questions
- Under Michigan law, a licensee who fails to renew their license by the renewal deadline is considered to have a(n):
- To qualify for a Michigan broker license, an applicant must have a minimum of how many years of active experience as a licensed salesperson?
- The Michigan Seller Disclosure Act requires sellers to:
- A Michigan real estate licensee who engages in 'net listings' is:
- Michigan real estate licenses must be renewed every:
- Under Michigan law, a licensee who engages in 'net listing' agreements (where the agent keeps everything above a minimum net to the seller) is:
- Michigan's Occupational Code requires that a real estate broker maintain a trust account primarily to:
- In Michigan, a provisional salesperson license may be granted to an applicant who:
Practice More Michigan Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Michigan Quiz →