Michigan Legislative Bills
11 legislative bills tracked for real estate wholesalers & investors
Last synced: 19h ago
Liquor: other; consumption of alcoholic liquor purchased from licensed premises within airport terminals in unlicensed areas of airport terminals; provide for. Amends sec. 507 of 1998 PA 58 (MCL 436.1507).
Summary
- This bill allows the consumption of alcoholic beverages purchased from licensed vendors within unlicensed areas of airport terminals
- It amends existing regulations to facilitate this consumption in specific airport locations
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers as it pertains to liquor consumption regulations rather than real estate transactions
- Wholesalers in Michigan will continue to operate under existing real estate laws without any changes from this legislation
Liquor: other; payment of administrative fee to wholesaler for a payment dishonored by a financial institution; require. Amends sec. 903b of 1998 PA 58 (MCL 436.1903b).
Summary
- This bill requires that an administrative fee be paid to wholesalers when a payment is dishonored by a financial institution
- It amends existing legislation related to liquor sales in Michigan
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers as it pertains to the liquor industry and payment processing
- Real estate wholesalers remain unaffected by this legislation regarding their operations or licensing requirements
Industrial Hemp: licenses; licensing and regulations for processing, brokering, and marketing industrial hemp, supplying industrial hemp seed, and engaging in wholesale of industrial hemp products; create. Creates new act & repeals 2014 PA 547 (MCL 286.841 - 286.859). TIE BAR WITH: SB 0600'25, SB 0601'25, SB 0602'25
Summary
- This bill establishes new licensing and regulatory requirements for the processing, brokering, and marketing of industrial hemp, as well as for supplying industrial hemp seeds and engaging in the wholesale of industrial hemp products
- It repeals previous legislation related to industrial hemp and ties into several other bills for comprehensive regulation
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers, as it pertains specifically to industrial hemp and its associated activities
- Real estate wholesalers remain unaffected by the licensing and regulatory changes outlined in this bill
Occupations: individual licensing and registration; reference to wholesale potato dealers licensing; update. Amends sec. 4105 of 2000 PA 92 (MCL 289.4105). TIE BAR WITH: HB 4882'25
Summary
- This bill updates the licensing requirements for wholesale potato dealers in Michigan, specifically amending existing regulations
- It aims to clarify and modernize the licensing process for individuals involved in the wholesale potato industry
What This Means for Wholesalers
- This bill does not directly affect real estate wholesalers as it pertains specifically to the licensing of wholesale potato dealers
- However, it may indicate a trend towards stricter regulations in wholesale markets, which could eventually influence real estate wholesaling practices
Tobacco: licenses; nicotine or tobacco product licensee; allow to sell nicotine or tobacco products at an unlicensed location under certain circumstances. Amends 1915 PA 31 (MCL 722.641 - 722.645) by adding sec. 1p. TIE BAR WITH: HB 5370'25, HB 5371'25, HB 5372'25, HB 5369'25
Summary
- This bill allows nicotine or tobacco product licensees to sell their products at unlicensed locations under certain conditions
- It amends existing legislation related to tobacco licensing in Michigan
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers as it pertains specifically to tobacco licensing and sales
- Wholesalers in real estate will continue to operate under existing regulations without any changes from this legislation
Occupations: real estate; real estate wholesaling and mandatory disclosures; provide for. Amends secs. 2501, 2502b, 2503 & 2512e of 1980 PA 299 (MCL 339.2501 et seq.) & adds sec. 2517a.
Summary
- This bill aims to regulate real estate wholesaling in Michigan by introducing mandatory disclosures and amending existing real estate laws
- It seeks to clarify the legal framework surrounding the practice of assigning real estate contracts
What This Means for Wholesalers
- If passed, this bill would likely require wholesalers to provide specific disclosures to buyers, potentially increasing their legal obligations
- Wholesalers may also need to comply with new regulations that could affect how they operate in the market
Health: pharmaceuticals; program for the wholesale importation of pharmaceuticals from Canada; provide for. Creates new act.
Summary
- This bill establishes a program for the wholesale importation of pharmaceuticals from Canada, aiming to provide a more affordable supply of medications
- It creates a new act to regulate this process and ensure compliance with health standards
What This Means for Wholesalers
- This bill does not directly affect real estate wholesalers, as it pertains specifically to the pharmaceutical industry and does not address real estate transactions or wholesaling practices
- Wholesalers in real estate will continue to operate under existing regulations without any changes from this legislation
Tobacco: licenses; nicotine or tobacco product licensee; allow to sell nicotine or tobacco products at an unlicensed location under certain circumstances. Amends 1915 PA 31 (MCL 722.641 - 722.645) by adding sec. 1p. TIE BAR WITH: SB 463'25, SB 466'25, SB 465'25
Summary
- This bill allows nicotine or tobacco product licensees to sell their products at unlicensed locations under certain conditions
- It amends existing legislation related to tobacco licensing in Michigan
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers as it pertains specifically to tobacco licensing
- Wholesalers in real estate will continue to operate under existing regulations without any changes from this legislation
Industrial Hemp: licenses; licensing and regulations for processing, brokering, and marketing industrial hemp, supplying industrial hemp seed, and engaging in wholesale of industrial hemp products; create. Creates new act & repeals 2014 PA 547 (MCL 286.841 - 286.859). TIE BAR WITH: HB 4965'25, HB 4966'25, HB 4967'25
Summary
- This bill establishes new licensing and regulatory requirements for the processing, brokering, and marketing of industrial hemp products in Michigan
- It also repeals previous legislation related to industrial hemp to create a more comprehensive framework for the industry
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers, as it pertains specifically to the industrial hemp industry and its regulations
- Real estate wholesalers will continue to operate under existing real estate laws and regulations without any changes from this bill
Industrial Hemp: licenses; licensing and regulations for processing, brokering, and marketing industrial hemp, supplying industrial hemp seed, and engaging in wholesale of industrial hemp products; create. Creates new act & repeals 2014 PA 547 (MCL 286.841 - 286.859). TIE BAR WITH: HB 5041'25, HB 5042'25, HB 5043'25
Summary
- This bill establishes new licensing and regulatory requirements for the processing, brokering, and marketing of industrial hemp products in Michigan
- It also repeals previous legislation related to industrial hemp to create a more comprehensive framework for the industry
What This Means for Wholesalers
- This bill does not directly impact real estate wholesalers, as it pertains specifically to the industrial hemp industry and its regulations
- However, wholesalers in other sectors should remain aware of evolving regulations that could affect their operations in different markets
Equitable Interest Contract Act
Summary
- Would require registration of all equitable interest contracts
- Proposes licensing for individuals marketing properties under contract
- Creates Consumer Protection Fund for affected sellers
What This Means for Wholesalers
- Proposes licensing for individuals marketing properties under contract
- Creates Consumer Protection Fund for affected sellers
Frequently Asked Questions — Michigan Real Estate Law
Common questions about wholesaling regulations and investor requirements in Michigan.
HB 5156, known as the Equitable Interest Contract Act, is a pending bill in Michigan that aims to regulate equitable interest contracts. If passed, it would require all such contracts to be registered and would introduce licensing requirements for individuals marketing properties under contract. This legislation is designed to increase transparency and consumer protection in Michigan real estate wholesaling and investing.
The bill proposes new licensing standards for wholesalers or individuals who market properties through equitable interest contracts. This means anyone engaging in real estate wholesaling in Michigan may need to obtain proper licenses and register their contracts, ensuring more official oversight on these transactions.
An equitable interest contract typically refers to an agreement where a party holds a beneficial interest in a property without owning legal title. HB 5156 targets these contracts by mandating registration to protect sellers and buyers in real estate investing scenarios.
As of April 1, 2024, HB 5156 remains a pending bill. The timeline for passage depends on legislative review and approvals. Investors and wholesalers should monitor updates closely to stay compliant with Michigan real estate wholesaling laws once enacted.
Yes, the bill proposes creating a Consumer Protection Fund aimed at compensating sellers who may be adversely affected by equitable interest contracts. This is a significant step toward safeguarding seller rights in Michigan’s real estate market.
Investors should stay informed about the bill’s progress, maintain thorough documentation of contracts, and consider consulting a real estate attorney experienced in Michigan laws. Compliance preparation will help avoid potential legal issues once new regulations take effect.
As of now, HB 5156 is the primary legislation addressing equitable interest contracts in Michigan. Other specific real estate wholesaling laws have not been introduced recently, so best practices and existing state regulations remain key for investors.
If enacted, the bill will formalize how wholesalers and investors handle contracts, introducing licensing and registration processes. This increased regulation aims to promote ethical practices, reduce fraud, and improve confidence in Michigan real estate wholesaling activities.
Reliable resources include consulting with licensed Michigan real estate professionals, real estate attorneys, and official state legislative websites. Staying updated on HB 5156 and related bills will be essential for compliant investing.
- Always disclose contract terms clearly to all parties - Keep detailed records of all transactions - Obtain necessary licenses when required by new laws - Use legally vetted contracts - Consult legal professionals before marketing or assigning contracts By following these guidelines, real estate investors can navigate Michigan’s evolving regulatory environment effectively.
Not legal advice. Consult a licensed real estate attorney in Michigan for guidance on compliance.