Michigan License Law
Michigan's real estate licensee must disclose their licensee status when:
AOnly when purchasing commercial real estate
BWhen purchasing or selling real estate for themselves or entities in which they have an ownership interest✓ Correct
COnly when acting as a buyer's agent
DOnly if the other party specifically asks
Explanation
Michigan licensees must disclose their status as licensed real estate professionals when they are buying or selling property for themselves, or for entities (LLCs, partnerships) in which they have a financial interest.
Related Michigan Michigan License Law Questions
- Michigan's Real Estate Recovery Fund provides compensation to injured parties up to what maximum per licensee?
- A Michigan real estate salesperson who wishes to change brokers must:
- Under Michigan's Occupational Code, which of the following individuals is exempt from needing a real estate license?
- Under the Michigan Occupational Code, a real estate salesperson must be affiliated with:
- A Michigan real estate licensee must provide the Consumer Protection Notice:
- A Michigan real estate broker is required to maintain trust account records for a minimum of:
- Under Michigan's Occupational Code, which of the following requires a real estate broker's license?
- A Michigan real estate salesperson must complete which portion of continuing education each cycle?
Practice More Michigan Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Michigan Quiz →