Real estate brokers face penalties for unfair practices under new Michigan law. Senate Bill 602 was signed into law, which "amends the Occupational Code to specify conditions under which a right-to-list home sale agreement between a residential property owner and a real estate broker would be void and unenforceable."
The law subjects brokers who enter into void and unenforceable agreements to penalties, including license revocation, administrative fines up to $10,000, restitution and probation.
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