Michigan License Law
Michigan's Occupational Code requires a licensee to disclose which of the following about a property they are listing?
AThe seller's reasons for selling
BAny known material defects affecting the property✓ Correct
CThe seller's mortgage balance
DPrevious offer amounts rejected by the seller
Explanation
Michigan licensees must disclose known material defects — facts that could significantly affect the property's value or a buyer's decision to purchase. Disclosure of seller motivation, mortgage balance, or rejected offers is not required and may breach confidentiality.
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