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The Michigan Department of Licensing and Regulation was abolished with most responsibilities transferred to the newly formed Department. It was renamed the Department of Consumer and Industry Services under an executive order issued in 1996 by Governor John Engler , merging most of the Department of Labor within the Department of Commerce. [2]
Real estate license. A real estate license is an authorization issued by a government body to give agents and brokers the legal authority to represent a home seller or buyer in a real estate transaction. Real estate agents and real estate brokers are required to be licensed when conducting real estate transactions in the United States and many ...
The National Association of Realtors ( NAR) is an American trade association [4] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [5] making it the largest trade association in the United States [6] including NAR's institutes, societies, and councils, involved in all aspects of the ...
Multiple listing service. A multiple listing service ( MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
Real estate agent. Lawn signs advertising houses for sale. Real estate agents and real estate brokers are people who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. [1]
Caledonia is a village in Kent County in the U.S. state of Michigan. The population was 1,622 at the 2020 census . The village is located within Caledonia Township about 15 miles (24.1 km) southeast of downtown Grand Rapids .
The Michigan Department of State is administered by the Secretary of State, who is elected on a partisan ballot for a term of four years in gubernatorial elections. The incumbent secretary of state is Jocelyn Benson, a Democrat elected in 2018 and 2022 . The secretary of state is the third-highest official in the State of Michigan. [1]
The Real Estate Settlement Procedures Act (RESPA) was a law passed by the United States Congress in 1974 and codified as Title 12, Chapter 27 of the United States Code, 12 U.S.C. §§ 2601 – 2617. The main objective was to protect homeowners by assisting them in becoming better educated while shopping for real estate services, and eliminating ...
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