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Michigan · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 MichiganMichigan requires sellers of most residential property (one-to-four units) to give buyers a Seller's Disclosure Statement describing the known condition of the home. Separately, licensees must deliver the agency disclosure at the appropriate time and disclose material facts and known defects they are aware of. Federal lead-based paint disclosure also applies to homes built before 1978, and licensees must avoid misrepresentation under Michigan law.
Yes. State License Law is a scored domain on the Michigan real estate licensing exam, and this topic appears in the state license-law portion.
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Michigan applies its own license law on top of the national portion. This page covers the Michigan rules specifically, which is what the state section of your exam tests.