Publications

  • Listing Broker’s Liability for Failure to Disclose Property Defect

    March 4, 2015

    (March 4, 2015) Historically, Michigan courts have been reluctant to impose upon listing brokers a duty of disclosure to purchasers of real estate. However, two recent decisions by the Michigan Court of Appeals illustrate important exceptions to the general rule that listing brokers do not have a duty of disclosure to buyers.  Each case involved […]

  • A cautionary Tale for Residential Real Estate Professionals: Appraisal Contingency May Not Mean What you Intend

    February 16, 2015

    (February 16, 2015) Since the economic downturn and real estate mortgage crisis of 2008-09, it has become common for buyers and their agents to include a provision in a purchase offer for residential property which makes the agreement contingent upon the property appraising for an amount equal or greater to the purchase price. We have […]

  • An Overview of Buying or Selling a Business

    February 10, 2015

    Buying or selling a business can seem like a daunting task. Business owners are often neck deep in the operations of the business and may not have thought about details that should be addressed to maximize the business value. The buyer, on the other hand, may be interested in owning a business, but not know […]

  • New Michigan Personal Property Tax Exemption Requirements

    January 26, 2015

    (January 26, 2015) The personal property tax reform mandated by Michigan voters by way of Proposal 1 last August is now in effect. This is welcome news for businesses, especially manufacturers. However, the new statutory provisions have their share of nuances and steps to take in order to benefit from the reform.  There are two main […]

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