Bill Text: MI HB4693 | 2021-2022 | 101st Legislature | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: Occupations: real estate; compensation for referrals; modify. Amends sec. 2512b of 1980 PA 299 (MCL 339.2512b).

Spectrum: Bipartisan Bill

Status: (Passed) 2022-03-10 - Assigned Pa 21'22 With Immediate Effect [HB4693 Detail]

Download: Michigan-2021-HB4693-Engrossed.html

---

 

 

 

 

 

 

 

 

 

 

 

HOUSE BILL NO. 4693

A bill to amend 1980 PA 299, entitled

"Occupational code,"

by amending section 2512b (MCL 339.2512b), as added by 1981 PA 83.

the people of the state of michigan enact:

Sec. 2512b. The following actions do not constitute participation in a real estate transaction or in the payment of real estate commissions:

(a) As an owner or an authorized agent of the owner, offering an existing tenant of the owner's property a consideration of a value of 1/2 1 month's rent or less for referring a prospective tenant to the owner or the authorized agent of the owner for the purpose of entering into a lease agreement.

(b) As an existing tenant of rental property, accepting a consideration of 1/2 1 month's rent or less for the referral of prospective tenants.