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Updated about 8 years ago on . Most recent reply
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Cease and Desist in Michigan
I live in Michigan and am a wholesaler. I just received a cease and desist for doing what is legal. My contracts are assignable, I say it, explain to my customer, don't act like I am the owner, but explain all to buyer and seller. It has all been a pack of lies. The buyer didn't want to pay me my assignment of contract feeh. a realtor got involved and believed what they said and now I'm being lied about and feel like it's totally wrong and infringes on my rights as a citizen to earn a living.
Would someone please help me with some laws, statutes in the state of Michigan? I am demanding a hearing and need all advice from experience. Thank you to all who can help with this ugly mess, that I did not do.
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Or instead of paying a few hundred for a lawyer to draft a letter
Pay $179 for a course (Do it online for 40 hours at night when TV is running)
Pay $50 to test
Join a fee free brokerage and be licensed.
You won't have MLS access or be a REALTOR however you can market properties till your heart is content. you will be off their radar, you won't be in a grey area any longer. Instead of "Assigning fees" you will make a "Commission" (which is negotiable). You won't need "Equitable interest" instead just have them sign an "Exclusive right to sell" form. Then market away the way you do now and add things like "signs" and "flyers" and "Newspaper ads". You can be on the HUD-1 form so you don;t need to be paid outside the transaction.
Or you could fight it tooth and nail and spend thousands and thousands to try and change the system. There are many times where people have devoted their life to making change and you can choose that route. Stand on principal, get fined, pay huge fees, maybe a little jail time, some contempt of court issues but be the change... or pay $250 to get into the pay to play game the state has in place.
Just my 2 cents and good luck on whatever you decide to do.
- Mike Cumbie