Michigan HB5366 amends real estate licensing laws to include real estate wholesaling and requires mandatory disclosures in real estate transactions.

Michigan HB5366 amends sections of the Michigan Real Estate Licensing and Registration Act to include real estate wholesaling within the definition of a real estate broker. It also mandates that before assigning a real estate purchase agreement, the buyer must provide the seller with a written disclosure detailing the assignment. The bill requires real estate brokers to include specific information in their advertisements, such as the broker's telephone number, street address, and a statement indicating the broker's licensure.

Michigan HB5366 amends real estate licensing laws to include real estate wholesaling and requires mandatory disclosures in real estate transactions.

Michigan HB5366 amends sections of the Michigan Real Estate Licensing and Registration Act to include real estate wholesaling within the definition of a real estate broker. It also mandates that before assigning a real estate purchase agreement, the buyer must provide the seller with a written disclosure detailing the assignment. The bill requires real estate brokers to include specific information in their advertisements, such as the broker's telephone number, street address, and a statement indicating the broker's licensure.