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MI HB4160
Bill
Status
2/7/2019
Primary Sponsor
Michele Hoitenga
Click for details
AI Summary
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Exempts employees or agents of real estate brokers hired under property management employment contracts from real estate licensure requirements when performing property management duties.
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Adds definition of "nonresidential" real estate to the definition of real estate salesperson, clarifying that salespersons can engage in leasing or renting of nonresidential properties and nonresidential property management.
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Changes language in property management definition from "pursuant to" to "under" a property management employment contract.
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Changes language in real estate broker licensing exemptions from "rendering services" to "performing services" for attorney-at-law exemptions.
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Takes effect 90 days after enactment.
Legislative Description
Occupations; real estate; certain licensure requirements for employees or agents of a real estate broker hired to perform duties relating to property management; modify. Amends secs. 2501, 2503 & 2505 of 1980 PA 299 (MCL 339.2501 et seq.).
Occupations: business licensing and registration
Last Action
Bill Electronically Reproduced 02/07/2019
2/13/2019