Mich. Admin. Code R. 257.181 – Definitions. | Midpage

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Michigan Administrative Code

Automotive Related Businesses

Licensing Vehicle Brokers

Rule 257.181

Mich. Admin. Code R. 257.181

Definitions.

(By authority conferred on the secretary of state by 1949 PA 300 and 1998 PA 455, MCL 257.204 and 257.251)Automotive Related Businesses

(1) As used in these rules:
1. (a) "Act" means 1949 PA 300, MCL 257.1 et seq.
2. (b) "Administrator" means the secretary of state or any person designated by the secretary of state to act in his or her place.
3. (c) "Broker" means a person who does not acquire ownership of a vehicle and who, for a consideration, does or offers to do at least 1 of the following with respect to the sale, lease, purchase, or exchange of a vehicle of a type required to be registered under the act and with respect to which he or she does not have title or other legal interest:
4. (i) Brings together a buyer and seller or a lessee and lessor of a vehicle.
5. (ii) Negotiates the terms of a transaction.
  1. (iii) Shows or displays a vehicle. "Broker" does not include a person employed by a licensed dealer, while acting within the scope of his or her employment.
(2) Terms defined in the act have the same meanings when used in these rules.

History: 1979 AC; 1998-2000 AACS.