Legal News and Updates
Letter of The Law | Seller Disclosure From the Listing Agent’s Perspective
For more videos and transcripts, visit law.mirealtors.com.
NAR Statement On the 21st Century ROAD to Housing Act and More Homes on the Market Act
The 21st Century ROAD to Housing Act will help increase housing supply, improve affordability, expand opportunities for first-time homebuyers.
NAR Statement On Sweeping Tax Reform Bill One Year Later
NAR says key tax reforms still support homeowners, small businesses, and housing affordability one year after becoming law.
College Scholarships
Build Your Future: The Michigan Realtors® Scholarship Trust
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 31 for the following academic school year.
Watch From The Mailbag | Closing Responsibilities and Contingency Language
For more videos and transcripts, visit law.mirealtors.com.
Watch Policy Matters | Exemption From the Michigan Consumer Protection Act
For more videos and transcripts, visit law.mirealtors.com.
Watch From The Mailbag | Earnest Money Deposits
For more videos and transcripts, visit law.mirealtors.com.
FinCEN: Michigan Realtors® Publishes New Client Notice.
Effective March 1, 2026, closing agents are required to file a report with the federal government for any residential real estate transaction that does not involve a traditional mortgage loan from an institutional lender, and the buyer is a legal entity or trust. This will include all-cash deals and sales that are privately financed or seller financed. The following form is intended to alert your client to additional closing and reporting requirements that may arise based on the nature of a particular transaction.
This new Client Notice provides a brief overview of the FinCEN filing requirements and is not intended as legal advice. Utilization of the Client Notice provides brokerages with an opportunity to introduce clients to the possible impact of FinCEN, while also asking the client to acknowledge the information. For a more detailed discussion on the FinCEN requirements, please visit FinCEN’s Frequently Asked Questions and/or consult with an attorney.
Vote for Two 2025 NAR Good Neighbor Award Finalists from Michigan
Michigan Realtors® has two finalists in the 2025 NAR Good Neighbor Awards! Finalists will be recognized during NAR NXT in Houston. Read their stories and vote for them in the Web Choice Awards. The three finalists who get the most votes will receive up to a $2,500 bonus donation to their nonprofits.
