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On a “deeded transfer” (where a conveyance document transfers title to real property at the county treasurer’s office) REET is due on the date of sale whatever the date of recording. Penalty and interest are due if the tax isn’t paid within one month of the date of sale. Article 25 of Public Act 299 of 1980, as amended was created, to license and regulate the apply of real estate brokers and salespersons in Michigan. The Real Estate Division provides real estate licensing, registration, and continuing schooling programs for provincial regulatory bodies as nicely as provincial and national associations. The Board also protects customers by investigating and disciplining licensee who violate the laws and laws governing the apply of real estate brokering and sales. Property administration firms help real estate house owners lease out the units of their buildings.

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