This just in from Michigan REALTORS®....
After review of the Governor’s Executive Order 2020-21, we are currently seeking clarification on whether real estate, appraisal, title services, and other settlement services fall under critical “financial services.”We are communicating these concerns directly to the Governor’s office.
Michigan’s “stay at home” order, unlike the orders from other states, does not specifically include real estate services in its list of allowed activities. We understand that there is significant concern for clients that are set to close in the next three weeks and what this order means to a scheduled closing.
We have been advised that a number of Michigan title companies and appraisers will continue to do business under the federal government’s general category for financial/insurance services. Realtors® should check with the specific title company/appraiser regarding its policy.
In addition, until further clarification, real estate services like the showing of homes and other property,should be considered to be non-critical and travel to do so is prohibited until April 13, 2020. Under the order, travel for Michigan citizens, in an effort to combat COVID-19, will be limited to only those critical services listed. The order takes effect at 12 am tonight. Willful violation of the Governor’s Order is a Misdemeanor.
For those Realtors® in the middle of a transaction where closing will not be able to occur under the Governor’s Executive Order, Michigan REALTORS® created the following form for your use as an amendment to an existing Purchase Agreement to extend the transaction. As with any contract, please make sure that you are consulting with legal counsel.
