339.2512b Actions not constituting participation in real estate transaction or in payment of real estate commissions.
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339.2512b Actions not constituting participation in real estate transaction or in payment of real estate commissions.
Sec. 2512b.
The following actions do not constitute participation in a real estate transaction or in the payment of real estate commissions:
(a)As an owner or an authorized agent of the owner, offering an existing tenant of the owner's property a consideration of a value of 1 month's rent or less for referring a prospective tenant to the owner or the authorized agent of the owner for the purpose of entering into a lease agreement.
(b)As an existing tenant of rental property, accepting a consideration of 1 month's rent or less for the referral of prospective tenants.
History: Add. 1981, Act 83, Imd. Eff. July 1, 1981 ;-- Am. 2022, Act 21 , Imd. Eff. Mar. 10, 2022
Popular Name: Act 299