Michigan Agency Model Cheat Sheet

📋 The 1-minute cheat sheet

• Agency disclosure to consumers is required in Michigan real-estate transactions.
• Disclosure of the type of representation must be made before disclosing confidential information.
• Common relationships: seller's agent, buyer's agent, dual agent, and designated agent.
• Dual agency requires the informed, written consent of both buyer and seller.
• The salesperson's agency relationship flows through the supervising broker.
• Agents owe fiduciary-style duties (loyalty, confidentiality, disclosure) to their client.
• A licensee assisting the other side may act as a transaction facilitator without full agency, when disclosed.