Current through Public Act 171 of the 2024 Legislative Session
Section 339.2512b - Actions not constituting participation in real estate transaction or in payment of real estate commissionsThe 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.Amended by 2022, Act 21,s 1, eff. 3/10/2022.Add. 1981, Act 83, Imd. Eff. 7/1/1981.