Michigan License Law
Michigan law requires that a real estate licensee disclose their licensed status when:
AOnly when buying property as an investment
BWhenever buying, selling, or leasing property for their own account✓ Correct
COnly when asked by the other party
DOnly when the property is over $500,000
Explanation
Michigan licensees must disclose their licensed status to all parties whenever they are buying, selling, or leasing property for their own account, to prevent any perception that they are acting as unlicensed agents.
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State-Specific Concepts
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