Real Estate/ Continuing Education/ Michigan/ Fair Share: Protecting Consumers and Your Business from Unfair Practices

Fair Share: Protecting Consumers and Your Business from Unfair Practices

$39

This product includes:

LICENSE RENEWAL PERIOD: 3 YEARS (2 LEGAL HRS. PER YEAR, 1 FAIR HOUSING HR. PER YEAR) Elective Hours: 3 Mandatory Hours: 0 Total Hours: 3

Description

State Requirements

Real estate professionals wear many hats: expert communicator, attentive listener, trustworthy confidant, obedient servant, loyal advocate, and knowledgeable educator, to name just a few. To juggle these roles effectively—and within the lines of the law—licensees must remain informed. Real estate professionals are in a position to provide an invaluable level of consumer protection as they support consumers through their real estate transactions.

This course explores licensees' role as advocate and educator, and how they can protect consumers and their business from the threats of antitrust and fair housing violations and predatory lending. We'll start by looking at what federal protections are in place to combat these unfair practices. We'll also provide the steps you can proactively take to protect the consumers you work with day in and day out and the business you've worked so hard to create.

Course highlights include:

Federal antitrust laws and violations
Avoiding antitrust violations and protecting consumers from them
Antitrust complaint process and penalties
Federal fair housing laws and violations
Redlining, blockbusting, and steering
Buyer love letters
Fair housing complaint process and penalties
Predatory lending
Truth in Lending Act
Home Ownership and Equity Protection Act
Protecting consumers from predatory lending
Reporting predatory lending

Package Content:

State Requirements For Michigan

Michigan State Requirement Details for Real Estate Continuing Education

Renewal Date: Every three years from date of issuance

Hours Required: 18 hours

6 hours – Legal Update
3 hours – Fair Housing
9 hours – Elective

Note: 2 hours of legal education courses involving statutes, rules, and court cases are required in each year of a license cycle.

*Effective 2/13/2024 all real estate professionals must complete one hour of Fair Housing in each year of the license cycle.

For those renewing within the first year of the effective date of the law, if selected for a Continuing Education Audit, the Department will take into consideration the shortened window for you to comply with the new law. For those renewing more than 1 year after the effective date of the law (after February 13, 2025), if selected for a Continuing Education Audit, the Department will use its discretion but would expect that at least one hour of this new training is completed for each license cycle year since the law went into effect.

The CE Shop’s Offering: 18 hours

6 hours – Legal Update
3 hours – Fair Housing
9 hours – Elective

The CE Shop is an approved provider in Michigan.

Provider Approval Number: M289

Reporting: The CE Shop reports CE hours to CE Marketplace. You can access your course records with CE Marketplace here.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Final Exam: Final exams must be passed with at least a 75% and may be taken as many times as necessary in order to pass.

License Renewal Process: The process to renew in this state is to log in to the licensing system online and follow the prompts to renew.

Seat Time: It is required that all students spend a minimum amount of seat time engaged in the course content. Our online course delivery system manages this requirement for you.

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