Legal News and Updates
Watch Letter of The Law | New Michigan Realtors® Forms
Upcoming Webinars on the NAR Practice Changes
There will be three NAR webinars, available to members only, on learning.realtor about navigating the upcoming practice changes, scheduled for:
Thursday, August 1, 2024
3:00-4:00 pm EST
REGISTER
Monday, August 5, 2024
12:00-1:00 pm EST
REGISTER
Thursday, August 15, 2024
4:00-5:00 pm EST
REGISTER
2025 Michigan Realtors® Officer Elections
Officer elections were held at the Michigan Realtors® Board of Directors meeting in June. Pursuant to Michigan Realtors® Bylaws, President-Elect, Christopher Germain (Upper Peninsula) will automatically assume the office of President in 2025. Current Treasurer, Mark Oegema (West Michigan Lakeshore) was unanimously elected as President-Elect. With a majority vote being present, Al Block (Greater Metropolitan) was elected as the 2025 Treasurer. Congratulations to your 2025 Leadership Team!
Register for The Convention | September 25-27 | Mt. Pleasant
The Convention: Embrace The Change
September 25-27, 2024
Soaring Eagle Casino & Resort
Mt. Pleasant, MI
The Convention is the premier real estate education and trade show event in the state of Michigan! The Convention features CE Marketplace Certified Knowledge Sessions, numerous networking opportunities and innovative products and services in the Expo.
College Scholarships Available | Apply by 7.26.24
Michigan Realtors® is proud to offer scholarship opportunities for those interested in pursuing a career as a real estate professional. Attracting and retaining future members is one of our top priorities. The Michigan Realtors® Scholarship Trust provides scholarships to full-time, college students majoring in finance, marketing, business, law, or other such fields of study applicable to a career in real estate.
If you are a college student seeking a career in the real estate field, you may be eligible to receive up to $3,000 in awards. The application deadline is July 26 for the following academic school year.
Michigan Realtors® Good Neighbor Award | Apply by 8.6.24
The Michigan Realtors® Good Neighbor Award recognizes Realtors® who make extraordinary commitments to improving the quality of life in their communities.
The winner will be recognized during the 2024 Michigan Realtors® Convention and will receive a $2,500 grant toward the 501(C)(3) that they are affiliated with for the purpose of this award.
All Michigan Realtors® members can apply.
Deadline to apply: 8.6.24
From The Mailbag | Question of The Week
Each month, we are taking the most recently asked questions from From The Mailbag and putting them in E-News.
QUESTION: Can buyers and buyer brokers rely on an offer of compensation that was in the MLS prior to the effective date of the settlement-mandated MLS practice changes?
ANSWER: It depends. If a binding purchase agreement is executed before the MLS policy changes take effect, then the buyer broker should be able to rely on the offer of compensation in the MLS – even if the closing occurs after the effective date of the policy changes. But, if a purchase agreement is executed after the date that the policy changes take effect, then the offer of compensation on the MLS will not be valid.
Watch more legal videos on the Michigan Realtors® YouTube Channel.
For more legal Q&A, visit law.mirealtors.com.
Upcoming Michigan Realtors® Events
The Convention
September 25-27, 2024
Soaring Eagle Casino & Resort
Mt. Pleasant
Achieve 2025
January 30-31, 2025
MotorCity Casino Hotel
Detroit