When must an agency disclosure be provided in a real estate transaction in Michigan?

An agency disclosure in a real estate transaction in Michigan must be provided at the time of the first substantive contact with a potential client. This requirement ensures that all parties are made aware of the agency relationships and the roles of the real estate professionals involved early in the process.

Providing the disclosure at this initial contact allows individuals to understand who the agent is representing and the implications of that relationship, which is crucial for informed decision-making. This proactive approach aims to foster transparency and trust in the transaction, laying the groundwork for a professional relationship.

In Michigan, the agency disclosure is an essential legal requirement designed to protect the interests of consumers by ensuring they are informed from the outset. This process highlights the importance of clear communication in real estate dealings and helps to prevent misunderstandings that could arise later in the transaction.