Ann Arbor Real Estate: Legal Question About Full Price Offers

Q. Are sellers obligated to accept a full price and terms offer in response to an offer in an MLS?

A. No. The Michigan Court of Appeals recently held that an MLS listing does not constitute an offer, which can be accepted. Thus, even if buyers come in with a full price and terms offer with no contingencies, the seller is under no obligation to accept the buyer's offer. The seller may owe a commission, but has no obligation to enter into a purchase agreement and sell the property.