™Your Policy Risk Impact Agent
4 chapters · 447 sections in this title.
Mich. Comp. Laws § 339.2507 Discharge or termination of real estate salesperson; delivering or mailing salesperson's license to department; application for transfer of license; communication; performing regulated acts without license prohibited; limitation.
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Sec. 2507. (1) If a real estate salesperson is discharged or terminates employment with a real estate broker by giving the employer a written notice of the termination, the real estate broker shall deliver or mail by certified mail to the department, within 5 days, the real estat…
Mich. Comp. Laws § 339.2508 Real estate broker's license; entities to which issued; authorized acts; associate real estate broker's license; transferability; suspension; issuance of new license; death or disability of sole principal associate broker.
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Sec. 2508. (1) The department may issue a real estate broker's license to an individual, sole proprietorship, partnership, association, corporation, limited liability company, common law trust, or a combination of those entities. A real estate broker's license that is issued to a…
Mich. Comp. Laws § 339.2509 Associate real estate broker's license; issuance to principal and nonprincipal; limitation.
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Sec. 2509. (1) The department may issue more than 1 associate real estate broker's license to principals of a real estate broker. (2) An individual shall not hold more than 1 associate real estate broker's license as a nonprincipal, but an individual may hold 1 or more associate …