reglab/housing_qa huggingface dataset:
MI Comp L § 339.2512b (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 25 - (339.2501...339.2518)|Section 339.2512b - Actions Not Constituting Participation in Real Estate Transaction or in Payment of Real Estate Commissions.

339.2512b Actions not constituting participation in real estate transaction or in payment of real estate commissions. Sec. 2512b.  The following actions do not constitute participation in a real estate transaction or in the payment of real estate commissions:  (a) As an owner or an authorized agent of the owner, offering an existing tenant of the owner's property a consideration of a value of 1/2 month's rent or less for referring a prospective tenant to the owner or the authorized agent of the owner for the purpose of entering into a lease agreement.  (b) As an existing tenant of rental property, accepting a consideration of 1/2 month's rent or less for the referral of prospective tenants. History: Add. 1981, Act 83, Imd. Eff. July 1, 1981 Popular Name: Act 299
MI Comp L § 339.2512c (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 25 - (339.2501...339.2518)|Section 339.2512c - Property Management Performed by Real Estate Broker.

339.2512c Property management performed by real estate broker. Sec. 2512c.  (1) Except as otherwise provided in this section, all property management duties, responsibilities, and activities performed by a real estate broker and his or her agent engaged in property management shall be governed by and performed in accordance with a property management employment contract.  (2) A real estate broker who engages in property management shall maintain property management accounts separate from all other accounts. Except as provided in this section, a property management account shall be managed in accordance with the property management employment contract.  (3) A property management account may be an interest-bearing account or instrument, unless the property management employment contract provides to the contrary. The interest earned on a property management account shall be handled in accordance with the property management employment contract.  (4) A real estate broker or any designated employee of the real estate broker engaged in property management may be signatory on drafts or checks drawn on property management accounts.  (5) A person who engages in property management shall maintain records of funds deposited and withdrawn from property management accounts. Property management account records shall indicate the date of the transaction, from whom the money was received or to whom it was given, and other pertinent information concerning the transaction the property management employment contract may require.  (6) A real estate broker engaged in property management shall render an accounting to his or her property management client and remit all money strictly in accordance with the property management employment contract.  (7) All records required to be kept pursuant to this section or pursuant to the property management employment contract shall be subject to inspection by the department. History: Add. 1994, Act 333, Imd. Eff. Oct. 18, 1994 Popular Name: Act 299
MI Comp L § 339.2512e (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 25 - (339.2501...339.2518)|Section 339.2512e - Advertisement.

339.2512e Advertisement.Sec. 2512e.  (1) Except as provided in subsection (2), any advertisement to buy, sell, exchange, rent, lease, or mortgage real property or a business opportunity by a real estate broker shall include the broker's name or the name under which the broker is conducting business; shall include the broker's telephone number or street address; and shall state that the person doing the advertising is a real estate broker.  (2) An individual who is licensed as a real estate broker or associate real estate broker may advertise real property that he or she personally owns for sale or for lease in his or her own name, and is not required to include the name of the real estate broker, or the name of the real estate broker that employs the associate real estate broker, as the sales or leasing agent for the property in the advertisement. However, the advertising shall indicate affirmatively that the individual who is selling or leasing the real property is a licensed real estate broker or associate real estate broker.  (3) Except as provided in subsection (2) or (4), a real estate salesperson or an associate broker shall only advertise to buy, sell, exchange, rent, lease, or mortgage real property or a business opportunity under the supervision of, and in the business name of, his or her employing broker. Any advertising displayed or published on or after January 1, 2018, that includes the name of an associate broker, a salesperson, or a cooperating group of associate brokers or salespersons employed by the same real estate broker, shall include all of the following:  (a) The telephone number or street address of the employing broker.  (b) The business name of the employing broker, in equal or greater type size than the name of the associate broker, salesperson, or cooperating group.  (4) A real estate salesperson shall not advertise to sell real property under his or her own name unless the property is the principal residence of the salesperson. A real estate salesperson shall not advertise real property for rent or lease under his or her own name unless the salesperson is the owner of the property.  (5) A real estate broker shall not conduct business or advertise under a name other than that in which the broker's license is issued or under an assumed name that is authorized by law. A real estate broker shall notify the department of its adoption of an assumed name with its license application, or within 30 days after it adopts an assumed name, whichever is earlier. History: Add. 2016, Act 502, Eff. Mar. 29, 2017 Popular Name: Act 299
MI Comp L § 339.2512f (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 25 - (339.2501...339.2518)|Section 339.2512f - Supervision of Real Estate Salesperson.

339.2512f Supervision of real estate salesperson.Sec. 2512f.  (1) A real estate broker or associate real estate broker shall supervise the work of a real estate salesperson. For purposes of this subsection, supervision of a real estate salesperson includes at least all of the following:  (a) Direct communication in person or by radio, telephone, or electronic communication, on a regular basis.  (b) Review of the practice of the salesperson.  (c) Review of the salesperson's reports.  (d) Analyses and guidance of the salesperson's performance in regulated activities.  (e) Providing written operating policies and procedures to the salesperson.  (2) A real estate broker shall not contract with an individual real estate salesperson or nonprincipal associate real estate broker who is employed by the real estate broker in a manner that limits the broker's authority to supervise the salesperson under subsection (1). History: Add. 2016, Act 502, Eff. Mar. 29, 2017 Popular Name: Act 299
MI Comp L § 339.2513 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 25 - (339.2501...339.2518)|Section 339.2513 - Filing Bond or Posting Cash Deposit as Condition Precedent to Issuance of License or Removal of Suspension; Action by Injured Person.

339.2513 Filing bond or posting cash deposit as condition precedent to issuance of license or removal of suspension; action by injured person. Sec. 2513.  If an application for a license is made by a person whose license has been denied, suspended, or revoked as a result of disciplinary action for violation of this article or of the rules promulgated under this article, the department may require as a condition precedent to the issuance of a license to the applicant or the removal of suspension, that the applicant file or have on file with the department a bond for a period not to exceed 5 years, issued by an admitted surety insurer or cash in a sum to be fixed by the department, based upon the magnitude of the operations of the applicant, not to exceed the sum of $5,000.00 in which this state shall appear as the insured. If the department orders the filing of a bond or the posting of a cash deposit, a person injured by an unlawful act or omission of the applicant may bring an action in a proper court on the bond or a claim against the cash deposit for the amount of the damage suffered as a result to the extent covered by the bond or cash deposit. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 Popular Name: Act 299
MI Comp L § 339.2514 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 25 - (339.2501...339.2518)|Section 339.2514 - Real Estate Broker or Real Estate Salesperson; Nonresident Applicant; Consent to Service of Process; Application; Disposition of Process or Pleading.

339.2514 Real estate broker or real estate salesperson; nonresident applicant; consent to service of process; application; disposition of process or pleading. Sec. 2514.  A nonresident of this state may become a real estate broker or a real estate salesperson by conforming to the requirements of this article. A nonresident applicant shall file an irrevocable consent that an action may be commenced against the applicant in the proper court of a county of this state in which a cause of action may arise in which the plaintiff may reside, by the service of process or pleading authorized by the laws of this state on the department, the consent stipulating and agreeing that service of process or pleadings on the department shall be taken and held in court to be as valid and binding as if due service had been made upon the applicant in this state. An instrument containing a consent shall be authenticated by a seal, if a corporation, or by the acknowledged signature of a member or officer of the corporation, if otherwise. An application, except from an individual, shall be accompanied by the certified copy of the resolution of the proper officer or managing board authorizing the proper officer to execute the application. If a process or pleading mentioned in this article is served upon the department it shall be by duplicate copies, 1 of which shall be filed in the department and the other immediately forwarded by registered mail to the main office of the applicant against which the process or pleading is directed. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 Popular Name: Act 299
MI Comp L § 339.2515 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 25 - (339.2501...339.2518)|Section 339.2515 - Listing Agreement; Discrimination Prohibited; Burden of Proof; Legal and Equitable Remedies.

339.2515 Listing agreement; discrimination prohibited; burden of proof; legal and equitable remedies. Sec. 2515.  (1) A listing agreement entered into between the broker and seller or lessor of property shall contain language that discrimination because of religion, race, color, national origin, age, sex, disability, familial status, or marital status on the part of the real estate broker, real estate salesperson, seller, or lessor is prohibited.  (2) This article shall not authorize the department to assume any facts not in evidence or compel a party to prove innocence of charges before the charges have been proven by the department. The department shall at all times bear the burden of proof to all charges made against a party.   (3) This article shall not diminish the right of a party to pursue and utilize direct and immediate legal or equitable remedies in a court of competent jurisdiction. History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;-- Am. 1981, Act 83, Imd. Eff. July 1, 1981 ;-- Am. 1993, Act 93, Imd. Eff. July 13, 1993 ;-- Am. 1998, Act 90, Imd. Eff. May 13, 1998 Popular Name: Act 299
MI Comp L § 339.2516 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 25 - (339.2501...339.2518)|Section 339.2516 - Interest in Real Property; Acquisition by Licensee; Proof of Disclosures and Consents.

339.2516 Interest in real property; acquisition by licensee; proof of disclosures and consents.Sec. 2516.  (1) If a licensee buys or otherwise acquires, directly or indirectly, an interest in real property, the licensee shall disclose to the owner of the property that the licensee is licensed under this part before the owner is asked to sign the purchase agreement.  (2) If a licensee acquires, directly or indirectly, an option to purchase real property from an owner that requested the licensee's services as a real estate licensee in connection with that property, the licensee shall disclose to the owner of the property that the licensee is licensed under this part before the owner is asked to sign the option agreement.  (3) A licensee that buys or otherwise acquires an interest in real property, directly or indirectly, and that is owed a commission, fee, or other valuable consideration as a result of the sale, shall disclose that the licensee is licensed under this part to the seller or owner to receive the specified consideration.  (4) On request of the department, a licensee shall provide written proof of any disclosures and consents required under this section to the department. History: Add. 2016, Act 502, Eff. Mar. 29, 2017 Compiler's Notes: Former MCL 339.2516, which pertained to renewal fee for license, was repealed by Act 83 of 1981, Imd. Eff. July 1, 1981.Popular Name: Act 299
MI Comp L § 339.2516a (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 25 - (339.2501...339.2518)|Section 339.2516a - Inspection of Document or Record by Representative of Department.

339.2516a Inspection of document or record by representative of department.Sec. 2516a.  During normal business hours, a licensee shall allow any authorized representative of the department to enter any of its places of business in this state and inspect any document or record that the department determines is reasonably necessary for an investigation of the licensee or a review of the business activities of the licensee, the administration of this act, or the administrative rules promulgated under this article. History: Add. 2016, Act 502, Eff. Mar. 29, 2017 Popular Name: Act 299
MI Comp L § 339.2516b (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 25 - (339.2501...339.2518)|Section 339.2516b - Rescission of Rules.

339.2516b Rescission of rules.Sec. 2516b.  R 339.22205 to R 339.22301, R 339.22309 to R 339.22311, R 339.22317 to R 339.22319, R 339.22323 to R 339.22329, and R 339.22339 to R 339.22405 of the Michigan Administrative Code are rescinded. History: Add. 2016, Act 502, Eff. Mar. 29, 2017 Popular Name: Act 299
MI Comp L § 339.2518 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 25 - (339.2501...339.2518)|Section 339.2518 - Prohibited Actions.

339.2518 Prohibited actions. Sec. 2518.  An action shall not be brought against a real estate broker, an associate broker, or a real estate salesperson under the following circumstances:  (a) For failure to disclose to a purchaser or lessee of real property that a former occupant has or is suspected of having a disability. As used in this section, "disability" means handicap as that term is defined and interpreted under, and disclosure of which would constitute unlawful discrimination under, sections 804, 805, 806, or 817 of the fair housing act, title VIII of the civil rights act of 1968, Public Law 90-284, 42 U.S.C. 3604, 3605, 3606, and 3617.  (b) For failure to disclose to a purchaser or lessee of real property that the real property was or was suspected to have been the site of a homicide, suicide, or other occurrence prohibited by law which had no material effect on the condition of the real property or improvements located on the real property.  (c) For failure to disclose any information from the compilation that is provided or made available under section 8(2) of the sex offenders registration act, 1994 PA 295, MCL 28.728. History: Add. 1993, Act 93, Imd. Eff. July 13, 1993 ;-- Am. 1998, Act 90, Imd. Eff. May 13, 1998 ;-- Am. 1998, Act 437, Imd. Eff. Dec. 30, 1998 Popular Name: Act 299
MI Comp L § 339.2603 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 26 - (339.2601...339.2637)|Section 339.2603 - Board of Real Estate Appraisers; Creation; Qualifications of Members.

339.2603 Board of real estate appraisers; creation; qualifications of members.Sec. 2603.  (1) There is created a board of real estate appraisers.  (2) Of those board members who are appraisers, 3 shall be certified general real estate appraisers, 1 shall be a certified residential real estate appraiser, and 2 shall be either state licensed real estate appraisers or additional certified residential real estate appraisers. At least 1 of those appraisers may be employed by a state or nationally chartered bank, a state or federally chartered savings and loan or savings bank, a state or federally chartered credit union, an entity of the federally chartered farm credit system, or an entity regulated under the mortgage brokers, lenders, and servicers licensing act, 1987 PA 173, MCL 445.1651 to 445.1684. History: Add. 1990, Act 269, Imd. Eff. Oct. 17, 1990 ;-- Am. 1999, Act 170, Imd. Eff. Nov. 10, 1999 ;-- Am. 2010, Act 90, Imd. Eff. June 10, 2010 Popular Name: Act 299
MI Comp L § 339.2605 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 26 - (339.2601...339.2637)|Section 339.2605 - Uniform Standards of Professional Appraisal Practice; Rules; Use of Aqb Criteria.

339.2605 Uniform standards of professional appraisal practice; rules; use of AQB criteria.Sec. 2605.  (1) At a minimum and subject to subsection (2), a licensee under this article who performs an appraisal shall utilize the uniform standards of professional appraisal practice that are in effect at the time the licensee is engaged to perform the appraisal.   (2) The director may supplement or adopt by reference any amendments to the uniform standards of professional appraisal practice through the promulgation of rules if the director determines that the amendments or supplemental standards serve as a basis for the competent development and communication of an appraisal and are not in conflict with federal requirements.  (3) The director through promulgation of a rule may supplement or adopt by reference any changes promulgated by a federal financial institution regulatory agency relative to standards for a federally related transaction.  (4) The department shall utilize the AQB criteria regarding education, examination, and experience for licensure under this article. History: Add. 1990, Act 269, Eff. July 1, 1991 ;-- Am. 1999, Act 170, Imd. Eff. Nov. 10, 1999 ;-- Am. 2006, Act 414, Imd. Eff. Sept. 29, 2006 ;-- Am. 2014, Act 433, Eff. Jan. 1, 2015 Popular Name: Act 299Admin Rule: R 339.23101 et seq. of the Michigan Administrative Code.
MI Comp L § 339.2609 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 26 - (339.2601...339.2637)|Section 339.2609 - Appraisal; Requirements.

339.2609 Appraisal; requirements. Sec. 2609.  An appraisal shall be in writing and shall do all of the following:  (a) Disclose any limitations on the type of analysis, valuation, or opinion.  (b) Be independently and impartially prepared and conform to the uniform standards of professional appraisal practice and any other standards adopted by the director.  (c) Include an opinion of defined value of adequately described real property as of a specific date and be supported by the presentation and analysis of relevant market information.  (d) Indicate on every appraisal report the license number and level of licensure of the appraiser. History: Add. 1990, Act 269, Eff. July 1, 1991 ;-- Am. 1999, Act 170, Imd. Eff. Nov. 10, 1999 Popular Name: Act 299
MI Comp L § 339.2610 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 26 - (339.2601...339.2637)|Section 339.2610 - Licensure as Limited Real Estate Appraiser, State Licensed Real Estate Appraiser, Certified Residential Real Estate Appraiser, or Certified General Real Estate Appraiser.

339.2610 Licensure as limited real estate appraiser, state licensed real estate appraiser, certified residential real estate appraiser, or certified general real estate appraiser.Sec. 2610.  The department shall license as a limited real estate appraiser, a state licensed real estate appraiser, a certified residential real estate appraiser, or a certified general real estate appraiser an individual who is at least 18 years of age, is of good moral character, and provides proof of having completed the minimum education, examination, and experience requirements contained in the AQB criteria for the appropriate license category. History: Add. 2006, Act 414, Imd. Eff. Sept. 29, 2006 Popular Name: Act 299
MI Comp L § 339.2611 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 26 - (339.2601...339.2637)|Section 339.2611 - Repealed. 2006, Act 414, Imd. Eff. Sept. 29, 2006.

339.2611 Repealed. 2006, Act 414, Imd. Eff. Sept. 29, 2006. Compiler's Notes: The repealed section pertained to qualifications for licensure as limited real estate appraiser.Popular Name: Act 299
MI Comp L § 339.2613-339.2615 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 26 - (339.2601...339.2637)|Section 339.2613-339.2615 - Repealed. 2006, Act 414, Imd. Eff. Sept. 29, 2006.

339.2613-339.2615 Repealed. 2006, Act 414, Imd. Eff. Sept. 29, 2006. Compiler's Notes: The repealed sections pertained to qualifications for licensure as state licensed real estate appraiser, certified residential real estate appraiser, and certified general real estate appraiser.Popular Name: Act 299
MI Comp L § 339.2617 (2021)
2021 Michigan Compiled Laws|Chapter 339 - Occupational Code|Act 299 of 1980 - Occupational Code (339.101 - 339.2919)|Article 26 - (339.2601...339.2637)|Section 339.2617 - Rules Regulating Educational Courses; Courses; Compliance With Aqb Criteria.

339.2617 Rules regulating educational courses; courses; compliance with AQB criteria.Sec. 2617.  (1) The director may promulgate rules regulating the offering of educational courses required under this article, including the type and conditions of instruction, the qualification of instructors, the methods of grading, the means of monitoring and reporting attendance, and the representations made by course sponsors.  (2) All educational courses required under this article shall be courses offered by 1 of the following:  (a) An institution of higher education authorized to grant degrees, being a college, university, or community or junior college.  (b) A private school licensed by the department of education under 1943 PA 148, MCL 395.101 to 395.103, or authorized to operate in any other state or jurisdiction.  (c) A state or federal agency or commission.  (d) A nonprofit association related to real property or real property appraisal.  (3) Educational courses required for licensure under this article shall comply with AQB criteria. History: Add. 1990, Act 269, Eff. July 1, 1991 ;-- Am. 1999, Act 170, Imd. Eff. Nov. 10, 1999 ;-- Am. 2006, Act 414, Imd. Eff. Sept. 29, 2006 Popular Name: Act 299Admin Rule: R 339.23101 et seq. of the Michigan Administrative Code.