Michigan Real Estate Continuing Education Course: Online: Michigan License Law and Rules

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