Mich. Admin. Code R. 339.22305 - Service provision agreement
Rule 305.
(1) In
addition to complying with the provisions of the code, a broker or a licensee
acting on behalf of the employing broker who enters into a service provision
agreement with a party or parties shall provide, at the time of
signing, a true executed copy of the agreement to the party or
parties signing the agreement. Every agreement must be fully completed by the
licensee before the party or parties sign it.
(2) A service provision agreement must
include a definite expiration date and must not contain a provision requiring
the party signing the agreement to notify the broker of the party's intention
to cancel the agreement upon or after the expiration date.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.