Real Estate/ Continuing Education/ Michigan/ The Fundamentals of Commercial Real Estate

The Fundamentals of Commercial Real Estate

$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

The Fundamentals of Commercial Real Estate covers the need-to-know information on a broad range of commercial topics.

If you're an experienced residential licensee, a few of the fundamentals of commercial real estate will be familiar to you—the importance of location, for example. In other regards, commercial differs sharply from residential real estate. Executives, investors, and business owners in commercial real estate focus squarely on the bottom line.

This course will provide a foundation for the more complex aspects of commercial real estate as you gain more experience in the industry.

Course highlights include:

Key terms and concepts of commercial real estate
How to identify and meet the needs of commercial real estate clients
How commercial and residential sales differ
Valuation methods for real estate and businesses
Tips on gathering the demographic and location-related details that clients need to make well-informed decisions

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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