Michigan Continuing Education COURSE

Michigan License Law and Rules (2 hours Legal)
$29.00
2 Total hours
0 Elective hours
2 Mandatory hours
License law and rules are a very important part of your real estate career. Knowing the rules gives you a sense of security in the form of well-defined boundaries. On the flip side, not knowing them well can place your license in jeopardy. Once you know what you legally can and can’t do as a real estate professional, you’ll be free to focus on more important things—like your career.
This two-hour course covers topics related to Michigan’s licensing laws, rules, and regulations. Course highlights include:
- The purpose, powers, and duties of Michigan’s Department of Licensing and Regulatory Affairs (LARA) and the Board of Real Estate Brokers and Salespersons
- The complaint, investigation, add hearing process
- Penalties for violating Michigan license law
- Licensure types and requirements in Michigan
- Continuing education requirements for license maintenance
- License renewal procedures and specifications
- License transfers
- Legal procedures for receiving and paying commissions
- Legal agreements and disclosures
- Material fact disclosures
- Stigmatized properties and related licensee obligations
- Provisions for brokers’ places of business in the state