BrokerageIndustry News

Michigan minimum-service proposal hits snag

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A proposal in Michigan to require all real estate agents to perform a minimum set of services for clients when entering into an agency agreement has met opposition from the state's governor after the U.S. Justice Department and a state regulatory agency announced objections to the legislation. In a legislative report this month, the Michigan Association of Realtors -- which is pushing for the legislation -- announced that "as the bills were poised for a vote, the governor has made it clear that she will veto the legislation as written," and "pressured the Democratic caucus in the Senate to vote 'no.'" Liz Boyd, press secretary for Michigan Gov. Jennifer Granholm, said today, "At this point we have concerns about the bills. We have serious concerns -- certainly we're not supporting the bills at this point." House Bills 4849 and 4850 would continue to allow real estate licensees in the state to provide lesser service than these mandated services, though only by acting in a non-agent rol...