The bill amends the Occupational Code of Michigan, specifically sections 2501, 2503, and 2603, to update definitions and clarify the roles and responsibilities of real estate professionals. Key insertions include the definition of "associate broker," which specifies that they are licensed to provide real estate brokerage services as either employees or independent contractors of a real estate broker. The bill also introduces the term "distance learning," which encompasses various methods of providing instruction when the instructor and student are not physically present together. Additionally, it clarifies the conditions under which an independent contractor relationship exists between a real estate broker and an associate broker or salesperson, emphasizing the broker's supervisory responsibilities.

Furthermore, the bill modifies the exemptions from the application of the article, particularly regarding individuals involved in real estate transactions without a license, such as owners selling their properties or attorneys acting in their professional capacity. It also establishes a board of real estate appraisers, detailing the composition and qualifications of its members. The amendments aim to enhance the regulatory framework governing real estate practices in Michigan, ensuring clarity and accountability within the industry.

Statutes affected:
House Introduced Bill: 339.2501