339.2511 Plan or scheme for selling or promoting sale of real estate.
134 words·~1 min read·
/mi/chapter-339/339-2511A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
339.2511 Plan or scheme for selling or promoting sale of real estate.
Sec. 2511.
A plan or scheme involving a lottery, contest, game, prize, or drawing shall not be used by a real estate broker or real estate salesperson for the sale or promotion of a sale of real estate. However, a game promotion as defined in and in compliance with section 372a of the Michigan penal code, 1931 PA 328, MCL 750.372a, may be used by a real estate broker or real estate salesperson for any purpose other than the direct promotion of a specific piece of real estate.
History: 1980, Act 299, Imd. Eff. Oct. 21, 1980 ;-- Am. 1990, Act 164, Imd. Eff. July 2, 1990 ;-- Am. 2010, Act 48 , Imd. Eff. Apr. 22, 2010
Popular Name: Act 299