Contracts
In Michigan, a 'for sale by owner' (FSBO) transaction where no agents are involved still requires:
AListing on the MLS
BCompliance with the Seller Disclosure Act, Statute of Frauds, and all applicable real estate laws✓ Correct
CA real estate attorney to be present at closing
DLARA approval of the purchase agreement
Explanation
FSBO transactions in Michigan must comply with all applicable laws—including the Seller Disclosure Act (written disclosure for residential properties), Statute of Frauds (written contract), transfer tax requirements, and title/recording procedures—regardless of whether agents are involved.
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