Michigan Continuing Education COURSE
Online: Property Conditions and Disclosures in Michigan
Whether you represent the buyer or the seller in a real estate transaction, your role regarding the seller’s property condition and disclosure, as well as the home inspection, is vital when it comes to protecting the interests of you client. Why? A seller may think “as-is” means it’s okay to not disclose known material defects. A buyer may think the seller’s disclosures are enough, and a home inspection is not needed. To protect sellers from liability and buyers from buyer’s remorse over a problematic home, you’ll need to educate them on the importance of honest disclosure and inspections. Your expertise will also help protect your clients, your brokerage, and yourself from the potential for legal problems down the road.
This two-hour course covers topics related to property condition disclosures, inspections, Michigan’s Seller Disclosure Act, and the Seller’s Disclosure Statement.
Course highlights include:
- The Michigan Seller Disclosure Act and Seller’s Disclosure Statement
- The licensee’s role in property disclosures
- Michigan sellers’ requirements to make honest disclosures and what can happen when they don’t
- Red flags in property inspections involving structure, systems, additions, and alterations
- Encroachments and easements
- Interior and exterior environmental concerns, such as lead, mold, asbestos, radon, underground storage tanks, and water contamination
- Material facts and stigmatized properties in Michigan