Sorry, been gone a few days.
State licensing varies. In Michigan there is a distinction between what a Broker can do and what a licensee can do. Not everything that a Broker does, is permisable for a sales person to do. 100% liability for actions runs up hill (Broker is totally responsible for the actions of their sales persons, but the sales persons are limited, by law, of what they can do.
If Michigan wanted licensees to collect a fee for valuation services, they wouldn't have singled out the Broker as able to collect a fee, when they grouped both classes together when stating who can perforn the service.
Edited by GreatLakesBroker (01/24/09 02:17 PM)