State Agency Rules (Michigan)
Michigan requires licensees to be transparent about whom they represent and to give buyers information about a property's condition. This topic covers Michigan agency disclosure and the Seller Disclosure Act.
Agency Disclosure
Michigan law requires a licensee to disclose the nature of the agency relationship to a consumer using an agency disclosure statement before the licensee discloses confidential information. The disclosure explains whether the licensee represents the seller, the buyer, both parties as a disclosed dual agent, or neither as a transaction coordinator. This helps consumers understand the licensee's loyalties and duties.
The Michigan Seller Disclosure Act
Under the Michigan Seller Disclosure Act, sellers of residential real property of one to four dwelling units generally must deliver a written Seller Disclosure Statement describing the known condition of the property and its systems. The statement is a disclosure of the seller's actual knowledge, not a warranty, and does not replace the buyer's right to inspect. Certain transfers, such as some transfers by court order, may be exempt.