MI
Michigan Legislative Bills
1 legislative bill tracked for real estate wholesalers & investors
Medium Risk
Last synced: 23h ago
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HB5366Introduced Medium Risk
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
disclosure required
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