Mich. Admin. Code R. 125.1415 - Retailer; disclosures in purchase and listing agreements
Rule 415. A
(a) Disclose in the listing agreement that
the home offered is located on a home site in a community and, if required,
that the seller has obtained approval for the sale of the home on the home site
in the community . The listing agreement shall also disclose the compensation to
be received by the retailer upon closing .
(b) Disclose in the purchase agreement that
the purchaser has obtained approval for his or her tenancy in the
community .
Notes
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