Occupations: real estate; real estate wholesaling and mandatory disclosures; provide for. Amends secs. 2501, 2502b, 2503 & 2512e of 1980 PA 299 (MCL 339.2501 et seq.) & adds sec. 2517a.

HB 5366 requires real estate wholesalers to provide mandatory disclosures to buyers when transferring purchase agreements. It defines "assignment fee" as the payment for such transfers and mandates clear disclosure of these fees to buyers before closing. The bill directly affects real estate wholesalers and brokers who facilitate these transactions, ensuring buyers understand all financial terms upfront. This change aims to increase transparency in real estate wholesaling without altering licensing requirements.