30-Hour Broker Prelicensure Law 101 Online Video Course Syllabus

This 30 hour Broker pre-licensure course provides a broad range of information pertinent to the rules, regulations and requirements as they pertain to Real Estate Law. The topics covered are: the history and execution of law, Michigan Occupational code, the basics of auction law, water rights as they pertain to property owners, environmental laws, income taxes for real property, property management, agency and realtor ethics, and finally Fair Housing and civil rights.


LAW, HISTORY AND EXECUTION

Learning Objective: Understand history of, and the general makeup of the judicial system.

1. Etymology
2. Modern Jurisprudence
3. History
4. Common Law
5. Court System: Federal, Appellate, State
6. Dispute Resolution

MICHIGAN OCCUPATIONAL CODE

Learning Objective: Be able to outline the regulatory rules that affect the real estate industry.

1. Board of Real Estate Brokers and Salespersons
2. Department of Licensing and Regulatory Affairs
3. Licensing
4. Violations
5. Broker’s Supervision
6. Commissions, Advertising, Selling and Buying Property
7. Disclosure, Trust Accounts

AUCTION LAW IN MICHIGAN

Learning Objective: Gain an understanding of the auction process and its relation to the industry.

1. Introduction
2. Types of Auctions
3. Terminology
4. Michigan Uniform Commercial Code
5. Case Law

WATER RIGHTS

Learning Objective: Outline the most important aspects of riparian rights and how they affect home ownership.

1.  Introduction
2.  Riparian Rights
3.  Types of Waterways
4.  Division of Submerged Land
5. Easements to Waterways
6. Public Access to Waterways
7. Inland Lakes and Streams
8. Dams and Flowage Rights
9. Purchasing Waterfront Property

ENVIRONMENTAL LAW

Learning Objective: Gain a broad understanding of pollution and environmental issues.

1. History
2. Environmental Risk Substances
3. Impact on Real Estate Industry
4. Federal Laws and Regulations
5. State and Local Laws
6. Environmental Site Assessments
7. Case Law
8. Natural Resources and Environmental Protection Act

INCOME TAX

Learning Objective: Recognize the benefits of real property ownership, as well as 1031 exchanges, depreciation, and loss.

1. Deductible and Non-Deductible Items
2. Basis
3. Gain, Depreciation and Loss
4. Mortgage Interest
5. Indebtedness

PROPERTY MANAGEMENT

Learning Objective: Understand rules and processes involeved in real estate property management.

1. Leasehold Estates
2. Types of Leases
3. State Laws
4. Truth in Renting
5. Landlord/Tenant Relationship
6. Summary Procedures Act
7. Case Law
8. Natural Resources and Environmental Protection Act

FAIR HOUSING AND CIVIL RIGHTS

Learning Objective: Identify the most important aspects of Fair Housing regulations, and the importance of the Civil Rights Act.

1. History of Civil Rights
2. Disability Discrimination
3. Civil Rights Law
4. Cases
5. State and Local Laws

AGENCY AND ETHICS

Learning Objective: Gain and understanding of agency, and the importance of professional ethics.

1. Levels of Agency
2. Service Provision Agreement
3. Professional Ethics

FINAL EXAM


Course instructors will be available by email or telephone between 9am and 5pm Eastern Standard Time. They will assist you with questions regarding course content.

If you have any questions, please call us at 1-800-727-7104 or send an email to info@traininginstitutesedu.com. Email responses will usually be returned promptly, but guaranteed within one business day.

Student policies and procedures are always available at www.realestatetraininginstitute.com/attendance-and-privacy-policy/ .

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