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To file a motion to set aside judgment in Michigan, you begin by completing the appropriate motion form, which may include a Michigan motion to dismiss form defendant when applicable. Submit the completed form to the court that issued the original judgment, along with any required supporting documents. It’s helpful to include detailed reasons justifying your request. For guidance, refer to USLegalForms, which provides helpful resources and templates.
Net listing is illegal in many states because it represents a conflict of interest between the agent and the seller. The net listing agreement gives the agent an incentive to sell the property for as low as possible, rather than getting the best possible price for the seller.
Net listings are illegal in most states Most states around the country have acted decisively against the practice. Net listings, however, are legal in three notable states with large housing markets: California, Florida, and Texas. Even in these states, however, net listings are used sparingly and with regulations.
*In Illinois, net listings are legal but discouraged* Gives the broker the right to purchase the property in the future.
*In Illinois, net listings are legal but discouraged* Gives the broker the right to purchase the property in the future.
Because real estate agents have a fiduciary duty to serve their client's interest, net listings are widely considered unethical and illegal in all but three states: California, Texas, and Florida.
Any unlicensed person who practices, offers, or attempts to practice real estate activities for which a license is required is subject to a civil penalty up to $25,000 per occurrence (in addition to any other penalties provided by law). The penalty is assessed by and payable to IDFPR after a disciplinary hearing.