Real Estate/ Continuing Education/ Michigan/ Supervision, Ethics, and Antitrust in Michigan

Supervision, Ethics, and Antitrust in Michigan (2 hours Legal)

$29

This product includes:

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

Description

State Requirements

You assist consumers with what’s for most of them the single largest investment of their lives, and you do this while working mostly independently. That’s why broker supervision is required, especially for the first few years of licensure. Not only do you need to rely on your broker for advice and guidance, you also need to act ethically on you own and avoid federal and state antitrust violations.

This two-hour course provides a review of topics related to the broker/salesperson working relationship, client and customer duties, ethics for real estate professionals, antitrust laws, Michigan’s Antitrust Reform Act, and antitrust violations and penalties.

Course highlights:

Elements of the broker/sales associate relationship
Licensee employment status
Compensation and commissions in Michigan
Duties licensees owe to clients and customers
National Association of REALTORS® Code of Ethics
Federal antitrust laws
Michigan’s Antitrust Reform Act
Common real estate antitrust violations and their potential penalties
Strategies for avoiding antitrust violations

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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