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Multiple Offers and Michigan Real Estate Law
I’ve had a couple of recent calls inquiring about the correct process for multiple offers.   There’s a lot of confusion on the way that consumers think they should be handled as opposed to what Michigan real estate law says.  Here is what the Michigan Association of Realtors (MAR) has to say about multiple offers.
·         License law requires all offers to be forwarded by a licensee to seller. After the offers are delivered the seller may consider them in any order he or she desires.
·         The buyer's agent is generally prohibited from contacting the seller who is represented by another agent.
·         There is no requirement that a seller must reject an offer in writing or even acknowledge receipt of the offer. A seller can accept, reject or counter an offer. Or the seller can choose to do nothing, or sit and wait for a second offer.
·         A buyer can request that a seller respond in writing but the seller has no legal obligation to do so.
·         There is no requirement on multiple offers that a seller treat each potential buyer equally or fairly (except for the protected categories under the Fair Housing Act which are race, color, ... more

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