Michigan Association of Realtors

Legislation providing a regulatory scheme for Appraisal Management Companies (AMC’s) will be up for a vote in the  Senate Banking Committee this week. Should the bills pass out of committee, they will move to the Senate floor for consideration.

On May 1st, Governor Snyder signed legislation providing homebuyers a fair process when it comes to their property taxes. Senate Bill 349, sponsored by Senator Dave Hildenbrand (R-Lowell) creates two Principal Residence Exemption (PRE) filing dates; one on June 1st, and the other on November 1st.