Mich. Admin. Code R. 339.22305

Current through Vol. 24-22, December 15, 2024
Section R. 339.22305 - Service provision agreement

Rule 305.

(1) In addition to complying with the provisions of the code, a broker or a licensee acting on behalf of the employing broker who enters into a service provision agreement with a party or parties shall provide, at the time of signing, a true executed copy of the agreement to the party or parties signing the agreement. Every agreement must be fully completed by the licensee before the party or parties sign it.
(2) A service provision agreement must include a definite expiration date and must not contain a provision requiring the party signing the agreement to notify the broker of the party's intention to cancel the agreement upon or after the expiration date.

Mich. Admin. Code R. 339.22305

1991 AACS; 2002 AACS; 2021 MR 6, Eff. 3/31/2021