Under Michigan agency law, which of the following is NOT a circumstance that would require a licensee to make an agency disclosure to a consumer?
Correct Answer
C) A licensee discusses a property listing with another licensee at a broker caravan
Michigan's agency disclosure requirements apply to interactions with consumers — that is, buyers and sellers who are members of the public seeking real estate services. When a licensee discusses a listing with another licensee at a broker caravan (a tour of new listings attended by real estate professionals), both parties are licensed professionals, not consumers. The agency disclosure requirement under MCL 339.2512d is designed to protect consumers, not to govern communications between licensees.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
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