Michigan Real Estate Continuing Education (CE)

Earn your Michigan Real Estate CE units Online

Renewing a Michigan real estate license is easy with agentcampus.com. Realtors can take advantage of affordable real estate CE course packages and outstanding online support to guide them every step of the way. Enjoy quality real estate education with the convenience of completing your real estate continuing education whenever, wherever you feel like it.

Some important things to remember: For the 3-year license cycle each licensee needs to complete 18 hours of continuing education. As long as the topic number and course name are different from the other courses that you have taken and you have a total of at least 18 hours of continued education from approved real estate courses your license will be renewed. Remember that you need at least 2 hours of an education course per calendar year that involves law, rules, and court cases regarding real estate.

Reporting Schedule – Real Estate Continuing Education

360training.com reports your course completion to Michigan State Board of Real Estate Brokers & Salespersons under (DELEG) within 1 business day.

Packages Info Hours Price

Complete Annual Recommended CE More Less 6.0 $34.99


The package include the following courses.

MI CE Laws, Rules, & Court Cases
Liens, Taxes, & Foreclosures

All Electives - 12 Hour Package More Less 12.0 $79.99


The package include the following courses.

Liens, Taxes, and Foreclosures
Fair Housing
Contracts, Purchases, and Sales Agreements

14 Hour Catch-Up PackageMore Less 14.0 $89.99


The package include the following courses.

Real Property Ownership and Land Use
Fair Housing
Environmental Hazards
MI CE Laws, Rules



Individual Courses Info Hours Price

Michegen CE Laws, Rules and Court Cases More Less 2.0 $12.95


This module covers Michigan's real estate license law and regulatory information. In particular it will look at the state occupational code and general rules of the Occupational Board. Additionally, it will delve into regulatory acts such as the Seller Disclosure Act and inspection issues.

This course covers a broad range of topics related to the law and real estate regulations to help the student find ways to guide clients through this often complicated legislation. It includes the following lessons:

* Michigan Real Estate License Law
* Regulatory Points

In addition, this course includes a final practice lesson. This concluding lesson presents real-world dilemmas and concrete applications of the information presented in the rest of the module. As the student completes this course, he or she should try to develop a broad picture of license law and regulation and how they fit into the larger practice of real estate. The last lesson will help with this project by presenting MAR�® updates and case study.

Asset Management More Less 3.0 $19.95


Course Summary

Asset Management is the term used for the decision-making process involved in maximizing returns on real property investments. This process includes such decisions as whether or not to renew a lease for a tenant, purchase or lease more assets, improve, sell or rent one's current assets, etc. The asset manager must be aware of market trends and indicators and must be able to accurately predict the cash inflows and outflows of his or her own holdings. This module provides an introduction to the basics of asset management. It introduces the student to the key ideas and concepts of management as well as the techniques a manager will use to evaluate the market and evaluate the financial impact of alternatives in order to make properly informed decisions. The student will learn how to handle distressed properties and how to successfully market a revenue-increasing strategy.

The module ends with case studies and real world practice, which will aid the student in becoming confident and familiar with the various aspects of asset management.

Learning Objectives

Upon completion of this module, the student will:

* Be familiar with the basic concepts of asset management
* Be familiar with the common decisions faced by an asset manager
* Know what a Real Estate Investment Trust (REIT) is and the benefits of investing in one
* Understand the risks and rewards associated with real estate investment
* Know how to conduct a useful market study
* Understand how interest rates affect the real estate market
* Be able to calculate the depreciation of residential and commercial real property held for business or investment
* Be familiar with the financial ratio methods of valuation, including Price to Earnings Ratios and Cap Rates
* Know how to create a pro forma projection for a real estate investment alternative
* Know the basics of a Discounted Cash Flow (DCF) analysis
* Know how to use the Net Present Value (NPV) and Internal Rate of Return (IRR) to compare the values of several alternatives
* Be familiar with distressed properties and how to handle them
* Know the important factors to consider when refinancing
* Be able to apply these concepts in the real world

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Affidavits can be found by clicking the Help link in the navigation bar on the Course Catalog. The affidavit will also be available to print upon course completion.

Testing

Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

About The Subject Matter Expert

Course designed, written and maintained by 360Training. Course material questions can be directed to our Instructor of Record at Instructor.RE@360Training.com. Instructional support questions are returned within 24 business hours with answers provided by a qualified professional in your field through our network of subject matter experts.

Support

If you have any requests for technical support please contact the 360Training Support Department located in the HELP section of your account profile. Technical support inquiries are handled immediately.

1031 ExchangesMore Less 3.0 $19.95


COURSE DESCRIPTION:

Section 1031 of the Internal Revenue Code allows for a tax deferment on the exchange of "like kind" income-producing property. In essence, an individual may trade an old income-producing or commercial capital asset for a new one of "like kind" without paying tax on any of the gains. Instead, the tax is deferred until the chain of exchanges is permanently broken.

Commercial real property can qualify for a tax-deferred exchange, providing that the transaction is properly managed through the cooperation of many different professionals. This module outlines the uses of 1031 exchanges, covering what constitutes exchangeable property, the definition of "like kind," the roles of different professionals in 1031 exchanges, the benefits and drawbacks, as well as the different types of exchanges commonly used for real estate transactions.

A real estate professional familiar with the Section 1031, its meaning, use and scope, will be able to expand his or her clientele base and will be better equipped to advise investor and commercial clients over the course of their transactions, from the property finding phase through closing.

LEARNING OBJECTIVES:

* Be able to identify motivated buying and selling clients.
* Be able to identify the restrictive rulings of the 1031 exchange program.
* Know charitable strategies of creating income and tax relief for individuals or families owning highly-appreciated real estate.
* Know the parameters that the IRS uses to define a valid "like kind" exchange.
* Know the pros and cons of various exchanging alternatives.
* Know the mechanics of a successful tax-deferred exchange and the role of each party in those exchanges.
* Be familiar with exchange documentation and the role of a qualified intermediary.
* Understand what constitutes "boot" and how to deal with it.
* Know how to calculate whether or not a sale is to be preferred over an exchange.

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Any applicable completion certificates or affidavits can be printed after completing the course and final exam.

Testing

Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

Real Estate Math More Less 3.0 $19.95


Course Description

This course covers math principles essential in the practice of real estate. Some of these topics may already be familiar to the student. The course will elaborate on how the subject matter pertains to real estate in everyday use. It is important that licensees understand the mathematical concepts presented here in order to be competent in the practice of real estate. This course includes the following lessons:

* The Language of Math
* Measurement of Dimensions
* Financial Math
* Valuation Math
* Real Estate Practice

The course includes fractions, decimals and percentages: the mathematical language used to express many aspects of real estate practice. Area and volume will be discussed so that the licensee will be able to determine and express the amount of commodity in a particular parcel of realty. While not a real estate finance course, this course will review concepts of interest, amortization and loan rate and discount. These concepts must be understood fully so that the licensee may grasp the essential elements used in the purchase of and financing for real property. Additionally, the principle of prorating will depict the importance of time in the transfer of realty.

The conclusion of this course offers real world examples and applications of the information presented. Upon completion of this course the student will comprehend the language and principles of mathematics necessary to successfully function in the practice of real estate.

Learning Objectives

Upon completion of this course, the student will be able to:

* Name key terms used in real estate math problems.
* Apply fractions, decimals and percentages.
* Translate fractions into decimal and percentage forms.
* Determine the area and volume of a given object or parcel.
* Manipulate the principles involved in rate calculations.
* Grasp the concept of amortization.
* Comprehend the principles of prorating and how to apply them.
* Understand and solve for appreciation and depreciation.
* Identify and apply calculation formulas to determine value and profit.
* Apply interest rates and loan discount rates.
* Use equations to calculate interest.

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Any applicable completion certificates or affidavits can be printed after completing the course and final exam.

Testing

Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

Liens, Taxes and ForeclosuresMore Less 4.0 $29.95


COURSE DESCRIPTION

This module discusses liens, taxes and foreclosures. There are many types of liens, as well as several kinds of taxes, that can attach to a parcel of real estate. When borrowers default on a debt, foreclosure is the process by which lienholders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real estate licensees develop an in-depth understanding of liens and lien-related issues. Such knowledge also helps licensees to better advise buyers and sellers.

The first lesson presents a general overview of liens. It explains the classification of liens and discusses the types of non-tax liens. Lesson two discusses taxes and tax issues, including ad valorem taxes, real estate tax computation, special assessments, real estate transfer taxes, federal income taxes, capital gains taxes and tax shelters for homeowners and investors. It also discusses the priority of liens. Lesson three addresses the methods of foreclosure, redemption, deficiency judgments, tips for homeowners facing foreclosure and fraudulent behaviors related to foreclosure.

The conclusion of this module presents real world dilemmas and applications of the information presented. As the student completes the module, he or she should try to paint a big picture of the issues surrounding liens, taxes and foreclosures, which the module addresses with comprehensive questions, activities and case studies.

LEARNING OBJECTIVES

Upon completion of this module, the student will be able to:

* Define the terms lien and tax lien and understand their operation.
* Recognize the different types of liens and know how their priority is established.
* Identify and describe types of non-tax liens.
* Understand how ad valorem taxes and special assessments are levied.
* Know how homeowners and investors can save on federal income taxes and capital gains taxes through the use of tax shelters.
* Describe and list different types of foreclosures.
* Recognize alternatives to foreclosure and common scams related to foreclosure.

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Any applicable completion certificates or affidavits can be printed after completing the course and final exam.

Testing

Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

Fair Housing More Less 4.0 $35.00


Course Description

This course covers broad issues on fair housing laws. Specifically, the student will learn: what fair housing laws exist, what classes of individuals are covered under these laws, how discrimination is defined in real estate, how can one avoid discriminating practices, and what the consequences are for non-compliance with fair housing laws. This module addresses the following topics:

* Introduction to Fair Housing
* Discrimination
* Additional Legal Protections to Prevent Discrimination
* Enforcement of Fair Housing Laws
* Avoiding Discriminatory Practices
* Real World Practice
* Texas State Laws and Regulations

LEARNING OBJECTIVES

Upon completion of this course the student will:

* Understand the purpose of the Federal Fair Housing Laws and be able to identify the protected classes covered by the Fair Housing Act.
* Be aware of the seven activities considered illegal as a result of the Fair Housing Laws.
* Know the five exemptions from the Federal Fair Housing Laws for property owners.
* Be able to recognize discrimination in real estate practice.
* Be able to identify acts considered discriminatory under the Fair Housing Act of 1968 as amended in 1972 and 1988.
* Understand the purpose of the Federal Equal Credit Opportunity Act (ECOA) and know the classes it protects.
* Understand the purpose of the Americans with Disabilities Act ADA).
* Know how the ADA affects real estate practice.
* Know how Fair Housing Complaints are handled.
* Know the penalties for non-compliance with Fair Housing Laws.
* Know how to incorporate business practices designed to prevent discrimination by real estate professionals.
* Understand the purpose of the HUD/NAR Partnership and why it is important.
* Know the most important principle in following HUD Advertising Guidelines.
* Be able to identify acceptable and unacceptable words and phrases for use in advertisements.
* Have learned how to apply those practices that will assist a REALTOR® in evidencing that he or she does not discriminate.
* Know what the differences are between federal regulations and Texas State regulations on fair housing.

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Affidavits can be found by clicking the Help link in the navigation bar on the Course Catalog. The affidavit will also be available to print upon course completion.

Testing

Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

Home InspectionMore Less 4.0 $29.95


COURSE DESCRIPTION

As the market becomes more competitive, only a business comprised of well-rounded licensees who provide comprehensive advice will continue to stand out. This course instructs real estate licensees on the basics of home inspection. An understanding of this information will allow the student to serve his or her clients and customers better.

This course presents an overview of the home inspection business and explains how it fits into the real estate industry as a whole. In addition, the course covers the regulatory bodies and professional organizations associated with home inspection. At the conclusion of this course, the student will understand the methods used to inspect homes, will know what to look for when examining properties, both inside and out, and will understand the various types of inspection reports and the differences between them.

LEARNING OBJECTIVES

Upon completion of this module, the student will be able to:

* Understand the development of home inspection in the inspection business
* Appreciate an inspector's role at closing in residential sales transactions
* Know the tools needed and conduct expected in the field
* Distinguish various field report styles and know the benefits and drawbacks to each
* Understand an inspector's professional liability
* Recognize the steps in the examination process
* Identify common misconceptions about home inspection
* Value membership to a reputable, non-profit home inspection organization
* Know the extent of home inspection legislation
* Appreciate the different ways states regulate the home inspection industry

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Any applicable completion certificates or affidavits can be printed after completing the course and final exam.

Testing

Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

Environmental Hazards More Less 4.0 $29.95


Course Description

This module covers major environmental hazards. The objective of this module is to familiarize licensees with environmental issues since they have a responsibility to disclose to buyers any information that might affect their decision to buy. Environmental hazards can dramatically affect a property's value, so buyers, sellers, lenders and licensees all can be affected by them.

In accordance with TREC rules, sections 535.71 and 535.72D, this module will teach students to identify internal and external environmental issues. They will learn about health hazards, environmental legislation, liability and responsibility for cleanup and protection. They will also learn about actions they should take and how issues affect licensees and lending. Licensees are not expected to be environmental experts, but in this module students will acquire a competency with environmental issues which will help them to elucidate issues for buyers, sellers and lenders. Knowledge of environmental issues also will help protect them from charges of nondisclosure.

The conclusion of this module presents real world dilemmas and applications of the information presented. As the student completes this module, he or she should try to paint a big picture of environmental issues, which the module will address with comprehensive content questions, practices and case studies.

Learning Objectives

Upon completion of this course, the student will be able to:

* Identify recent laws that have an impact on environmental issues, including lead-based paint disclosure laws.
* State the procedures used to locate toxic waste sites, the responsibilities for cleanup and steps that may be taken to minimize future liabilities.
* Describe the nature of major air pollutants and the remedies that may be applied to minimize their effects.
* Identify at least three sources of human exposure to PCBs and at least two health effects seen in humans exposed to PCBs.
* Outline landowners' responsibility for the protection of wetlands areas on their property.
* Identify the issues landowners and developers face regarding endangered-species protection.
* Sketch the nature of electromagnetic fields (EMFs) and the possible need for testing in areas where these are present.
* Describe at least two major provisions of the Small Business Liability Relief and Brownfields Revitalization Act.
* Outline the current status of environmental laws and their effect on property insurance and mortgage lending.

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Affidavits can be found by clicking the Help link in the navigation bar on the Course Catalog. The affidavit will also be available to print upon course completion.

Testing

Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

Property ManagmentMore Less 4.0 $29.95


COURSE DESCRIPTION:

Property management is a special category of real estate work. The term "property management" generally refers to the group of services which an owner hires a professional property manager or management firm to perform. The quality of management directly affects the profitability of the property being managed. A skilled property manager thus protects the owner's capital investment in real estate and makes sure that the property generates profit. In many cases, property managers must be licensed real estate brokers.

This course includes the following lessons:

# Introduction to Property Management
# Management Agreements
# A Property Manager's Typical Duties
# Interacting with Tenants
# Property Management and Leases
# Real Estate Practice Lesson

We will cover a property manager's basic functions, including administrative duties, leasing practices and the manager's legal relationships with the owner and the tenants of the property. The course also discusses the way to construct a management agreement so that the manager and the owner clearly understand one another's roles. Licensees will benefit from understanding the various types of property management, as well as the duties that successful property managers must carry out.

The concluding lesson in this module presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this course, he or she should try to develop a broad picture of property management and how it fits into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.

LEARNING OBJECTIVES:

* Describe the purpose and the various kinds of property management.
* Outline the manager's legal relationship with the owner.
* Identify the day-to-day tasks of the property manager.
* Describe effective ways for a property manager to interact with tenants and potential tenants.
* Recognize the various types of leases and leasing procedures.

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Any applicable completion certificates or affidavits can be printed after completing the course and final exam.

Testing

Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

Real Estate Finance More Less 4.0 $29.95


Course Description

This course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA and FHLMC loans. Understanding this information will help the student assist his or her buyer- and seller-clients from the initial meeting, through the closing proceedings with basic financing and loan-qualification questions.

In accordance with TREC rules Sections 535.71 and 535.72D, in this course, you will learn the basics of the different types of loans available, loan applications, appraisals, escrow, titles and credit reports, including qualifying for loan amounts and verifying income and assets.

Upon completion of this module, the student will know how to calculate loan amounts, estimate monthly payments, property taxes, hazard and mortgage insurance (for conventional, FHA and VA) and qualifying ratios and income.

Learning Objectives

Upon Completion of this course, the student will:

* Understand the basic concepts of real estate financing, and the key terms involved
* Know how to qualify a buyer for the most common types of loans
* Be familiar with the use and function of escrow accounts
* Know what a Mortgage Insurance Premium is
* Know the underwriting guidelines and process
* Be familiar with the three most common types of loans: Conventional, FHA and VA
* Know the advantages and disadvantages of conventional loans
* Know how to use conventional qualifying ratios
* Know the advantages and disadvantages of FHA loans
* Know about the differing FHA qualification ratios
* Know the advantages and disadvantages of VA loans
* Be familiar with VA eligibility and qualification periods
* Be able to calculate the amount of VA entitlement used
* Be able to calculate VA loan amounts and required down payments
* Know the process and qualifications for assuming VA and FHA loans
* Be familiar with other types of loans available
* Know how to underwrite and close loans

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navbar on the Course Catalog.

Course Completion

Affidavits can be found by clicking the Help link in the navigation bar on the Course Catalog. The affidavit will also be available to print upon course completion.

Testing

Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

Closing and Settlement CostsMore Less 4.0 $29.95


COURSE DESCRIPTION:

In many states, a licensee has no official duties throughout the closing process. This leads some real estate licensees to believe that their job ends when the purchase and sales contract is signed, but this is not a prudent stance. Transactions can and do fall apart during the closing stage. Licensees who are familiar with closing procedures and settlement costs can stay involved and use their skills to help ensure that their transactions end well.

This course covers a broad range of issues related to closing and settlement to help the student learn ways to help clients through this sometimes complicated process. It includes the following lessons:

# Real Estate Closings
# Expenses
# The HUD-1 Settlement Statement

In addition, this course includes a final practice lesson. This concluding lesson presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this course, he or she should try to develop a broad picture of closing and settlement and how they fit into the larger practice of real estate. The last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.

LEARNING OBJECTIVES:

* Outline the primary concerns that arise throughout the closing process, for both the buyer and the seller.
* Describe what both the buyer and the seller must do to prepare for the closing date.
* List the documents that the buyer and the seller must complete to close a typical real estate transaction.
* Explain a licensee's responsibility with respect to IRS Form 1099-S and HUD's "Notice to the Homebuyer" form.
* Name and distinguish the different types of closings.
* Describe the licensee's role in the closing process.
* Outline the basic requirements and regulations imposed by the Real Estate Settlement Procedures Act (RESPA).
* Identify which party is responsible for each expense in a typical closing transaction.
* Explain the concept of credit and the concept of debit.
* Prorate prepaid items and accrued expenses.

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Any applicable completion certificates or affidavits can be printed after completing the course and final exam.

Testing

Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

Titles and Records More Less 4.0 $29.95


Course Description

Recording entails the placement of a document into the public record. This process is necessary because it allows sellers to guarantee potential buyers of a valid title conveyance by presenting records that reveal a clean and good title. The county clerk's office maintains the public record, which is comprised of libers. This is where individuals can file or access documents pertaining to real estate interests, conveyances, liens, encumbrances, etc.

In accordance with TREC rules Sections 535.71 and 535.72D, this module will cover how to record public documents and the importance of doing so. In addition, it will outline the priority that recorded documents hold, as well as why either constructive or actual notice is important and the difference between the two.

Upon completion of this module, students will be better equipped to assist customers and clients through the home-finding and marketing steps of the real estate transaction, as well as through closing. In addition, students will understand why it is important to tell consumers to obtain abstracts and why they should have the abstracts reviewed by a licensed attorney.

Learning Objectives

Upon completion of this module, the student will:

* Understand the process of recording
* Recognize different types of public records
* Know the methods of property conveyance
* Recognize the difference between constructive and actual notice
* Be able to identify evidence of titles
* Be able to explain title insurance and coverage
* Recognize the different types of property ownership
* Be able to differentiate between the various types of deeds

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Affidavits can be found by clicking the Help link in the navigation bar on the Course Catalog. The affidavit will also be available to print upon course completion.

Testing

Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

Contracts Purchase and Sales Agreements More Less 4.0 $29.95


COURSE DESCRIPTION

Clear, mutually-acceptable agreements are an essential component of the legal transference of ownership. In the practice of real estate, contracts are the instruments used to describe and record the agreements surrounding the conveyance of property. Some type of contract is nearly always involved, whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house or a seller is considering an offer on property.

Before entering into a legally binding agreement, real estate professionals must fully understand the contracts that govern their industry. Failure to understand contracts opens a licensee to various kinds of liability and can seriously damage one's professional reputation. Therefore, it is vital that real estate professionals learn this material so that they can protect themselves against errors, oversights and misunderstandings.

In this module, the student will learn about the types of general contracts as well as the different kinds of real estate contracts. The module begins by providing the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable and unenforceable. Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective and adherence to a statute of frauds.

This module includes the following lessons:

* Introduction to Contracts
* Contract Fulfillment
* Real Estate Contracts
* Contracts, Purchase and Sales Agreements in Texas

The fourth and concluding lesson in this module presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should try to develop a broad picture of environmental issues and how they fit into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.

LEARNING OBJECTIVES

Upon completion of this module, the student will be able to:

* Name and explain the various components of a valid contract.
* Identify the differences between a unilateral and bilateral contracts.
* Describe the various types of contracts.
* Recognize the difference between a forbearance and performance agreement.
* Outline the features of a contract (and the contracting parties) that make a contract legally binding.
* Recognize the general features of an incomplete or incorrectly completed contract.
* Identify when a contract can be discharged.
* Recognize the different kinds of real estate contracts.

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Affidavits can be found by clicking the Help link in the navigation bar on the Course Catalog. The affidavit will also be available to print upon course completion.

Testing

Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

Real Property Ownership and Land UseMore Less 4.0 $29.95


Course Description

The objective of this course is to impress the meaning of real property ownership and the difference between real estate and personal property on the student. Although these terms are commonly used interchangeably in everyday conversation, there are different rights associated with these different commodities. It is important that licensees understand the differences between them and are able to explain the distinctions to their clients and customers. This module addresses the following topics:

* Personal and Real Property Ownership
* Land Description
* Controlling Development
* Real Estate Practice Lesson

In accordance with TREC rules, Sections 535.71 and 535.72D, this module will describe how different commodities—land, real estate, and real property – transfer and are related and to one another. In addition, the student will learn about land use theory and come to understand how our federal, state, municipal and private authorities govern and plan our communities. This module covers legal descriptions as well as informal descriptions, the development of these concepts and the role they play in the real estate industry.

This module's final lesson presents real-world dilemmas and provides opportunities to apply the information covered in the rest of the course. As the student completes this module, he or she should try to develop a broad understanding of real property use and to place this understanding within the larger context of real estate practice as a whole. This final lesson aims to help the student achieve this goal using comprehensive content questions, practice examples and case studies.

Learning Objectives

Upon completion of this module, the student will be able to:

* Describe the difference between land, real estate and real property.
* Recognize the difference between real property and personal property.
* State the definition of a fixture.
* Explain the general character of surface, subsurface and air rights, as well as littoral and riparian rights.
* Outline the basic features of the metes and bounds survey method and the rectangular survey method.
* Distinguish the vertical method of land description from other survey methods.
* Name the basic public and private methods employed to control the use and development of land.
* Outline the "highest and best use" theory of land use.

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Affidavits can be found by clicking the Help link in the navigation bar on the Course Catalog. The affidavit will also be available to print upon course completion.

Testing

Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

Code of Ethics More Less 7.0 $59.50


This course is NOT approved by NAR. The course does contain the NAR mandated ethics topics, but it is up to the discretion of your Board or Association to decide if this course will fulfill your NAR ethics requirement.

Course Description

This module introduces the student to some of the general ideas and theories that help make up our concept of ethical judgment. This provides a background for a detailed discussion of professional real estate ethics, framed in terms of the NAR ® Code of Ethics. In this module, we will frequently refer to the NAR®'s Code of Ethics as "the Code of Ethics" or "the Code."

With a basic understanding of ethics and a clear idea of the requirements imposed by the NAR ® Code of Ethics, the student will then explore the steps of the ethical decision-making process and the ways in which ethical conduct contributes to better business practices.

This module includes the following lessons:

* Introduction to Ethics
* The NAR®'s Code of Ethics, Part One
* The NAR®'s Code of Ethics, Part Two
* How Professional Standards Are Enforced Through a Local Board or Association of REALTORS®
* Ethical Conduct and Better Business Practices

The module also contains a sixth lesson, which is a practice lesson. It presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should try to develop a broad picture of professional real estate ethics and how they fit into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.

Learning Objectives

Upon completion of this course, the student will be able to:

* Define a general notion of ethics and distinguish ethical behavior from other similar notions, such as "legal behavior."
* Briefly describe the two general ethical theories used in this course.
* List the major categories covered by the Articles of the NAR Code of Ethics.
* Describe the basic structure of the NAR®'s Code of Ethics and its supporting materials.
* Identify at least two ideals mentioned in the Preamble to the NAR®'s Code.
* Describe the concepts treated in at least two of the following Articles of the Code of Ethics: Articles 1, 2, 3, 9, 11, 12, 16, and 17.
* Identify possible violations of the NAR®'s Code of Ethics through interactive learning methods such as case studies and quizzes.
* Briefly describe how the professional standards described in the NAR®'s Code of Ethics are enforced by a local Board or Association of REALTORS®.
* Distinguish between fraud, negligent misrepresentation and negligence.
* Describe how the NAR®'s Code of Ethics is good for the real estate profession.

Regulatory Requirement

Our staff works diligently to provide you with an analysis of current mandates and legislation that affects you the licensee. All information pertaining to the Mandatory Continuing Education requirements can be found on the State Requirements page. You can find the link to this page on the upper Navigation bar on the Course Catalog.

Course Completion

Affidavits can be found by clicking the Help link in the navigation bar on the Course Catalog. The affidavit will also be available to print upon course completion.


Testing Quizzes - There is a quiz at the end of each lesson to test comprehension of the subject matter.
Final Exam - Passing Grade 70%. You can take the final three times.

Michigan Education Requirements

State Laws

The standard license cycle is three years. All current real estate licenses will expire 10/31/2012. All licensees require some continuing education every year.

One of the easiest ways to remember is to just continue to complete 6 clock hours of CE every year. Of those 6 hours, 2 must include law and rules updates.

  • There no longer is a “waiver” of CE for the first year the license is issued.
  • The CE requirements are pro-rated depending upon which year of the three-year cycle the license is issued, but ALL licensees require CE to renew.

*Important Note: Licenses are not issued for a term of less than 4 months (120 days). Therefore, each July in the first year of a three-year cycle, the next expiration date is used. For example, we issued 10/31/2012 expiration licenses beginning July of 2009.

The “every year” CE mandate therefore could mean that someone’s first “year” might be as long as 16 months if it was issued in July-August-September-October of that first year.

The second year is 11/1/2010 to 10/31/2011 and third year is 11/1/2011 to 10/31/2012 (license expiration).

To recap, each year, licensees must complete a minimum two clock hours of “law” related real estate continuing education. When renewing, and before expiration, each licensee must accumulate a total number of hours applicable to that licensee’s issue date.
For example,
• The license was issued in the first year of the three year cycle, 18 hours are required

• Issued in the second year, 12 hours
• And issued in the third year, 6 hours are required, respectively.

  • CE course numbers for the current three-year license cycle (2009-2012) are prefaced with a L (e.g., L500, L297, L700) and are given separate course numbers if the hours can be counted toward the law and rules mandatory requirement.
  • Relicensure applicants may use L courses toward getting relicensed but those courses are then USED and CANNOT count toward the renewal requirements in October 2012.
  • All licensees can track CE hours that are posted to their i.d. number by accessing this http://www.cis.state.mi.us/bcsc/coned/research.htm. Enter the 10-digit i.d. number and click on it to see the listing of courses credited. It is important to keep continuing education completion certificates to refer to when signing up for new classes. This way, you can ensure that you do not take the same course twice (as credit will be given only once). If a reporting error occurs, you will be able to prove attendance.
  • Lists of CE Sponsors who are course providers are available and can be viewed in a number of formats (e.g., on-line courses only, all providers, etc.).
  • Licenses EXPIRE 10-31-12 and to continue uninterrupted practice, sufficient CE must be attained by that date. There is a 60-day late renewal period, however the license is considered expired. Practice must CEASE until the renewal requirements are met and the renewed license is issued and received.
  • Failure to meet the CE requirements by 12-30-12 will lapse the license. If relicensure is desired, a relicensure application and fee are required.
  • Renewal fees are earned upon receipt and are non-refundable. If you are not going to meet the requirements for renewal, do not pay your renewal fee. You can apply for relicensure at a date you can meet the requirements.