COMPLETE Michigan Broker Package

$599.00

90 Hour | HD Video 

  • 30-Hour  Broker Prelicensure Law 101
  • 30-Hour Broker Prelicensure Law 102
  • 30-Hour Broker Preparation Online Course
  • Real Estate 40/30 Hour Practice Exam
    PACKAGE DETAILS

Description

PACKAGE CONTENTS:

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


30 Hour Broker Prelicensure Law 102 Online Video Course Syllabus


Course Description

This 30 hour Broker prelicensure course brings together many of the most important aspects of a real estate broker business. Business startup, business entities, record keeping requirements are discussed. Keeping employees and visitors safe, as well as insurance needs and reduction of  liability is covered. Information that every broker should know, including contracts, finance, and sound broker practices is discussed at length. Finally, fair housing and civil rights requirements are outlined in detail.

BUSINESS STARTUP, EMPLOYER INFO

Learning Objective: Be able to outline the basic types of business entities, including tax requirements and record keeping.

1. Introduction
2. Bureau of Commercial Services
3. Business Entities
4. Business Use of Your Home
5. Recording Business Transactions

SAFETY AND RISK REDUCTION

Learning Objective: Understand the physical, hazard, litigious errors and risks, and how to reduce these risks in order to reduce liability.

1. Introduction
2. Keeping it Safe
3. Visitors
4. Ownership or Possession of Premises
5. Theories of Liability
6. Cases
7. Insurance
8. Shifting Risk

PRACTICAL BROKERAGE PRACTICES

Learning Objective: Be able to prepare a Policy and Procedure Manual, the importance of accurate bookkeeping.

1. Creating an Office Policy Manual
2. Trust Accounts
3. Estimating Seller’s Expenses and Proceeds
4. Violations
5. Real Estate Math

JUDICIAL SYSTEM, CONTRACT LAW

Learning Objective: Understand the rules of arbitration and the importance of a properly drafted contract.

1.  U.S. Judicial System
2.  Appellate Courts
3.  Circuit Courts, Appeals
4.  District and Circuit Courts
5. Arbitration
6. Three Vs of Contract Law
7. Creating a Contract
8. Terminating a Contract
9. Breach of Contract
9. Contracts in Real Estate

FINANCE AND AFFILIATED BUSINESS

Learning Objective: Describe the importance of  title insurance and case law that illustrates the problems in finance or conveyance of real property.

1. RESPA
2. Promotional and Educational Activities
3. Affiliated Business Arrangements
4. Truth-In-Lending
5. Mortgage Brokers and Bankers
6. Financing
7. Repayment of Loans
8. Types of Mortgages
9. Title Insurance
10. Cases

REAL ESTATE RIGHTS AND RESTRICTIONS

Learning Objective: Identify the rights and restrictions surrounding real property ownership, deeds, transfer of property, and easements.

1. Interest in Real Property
2. Types of Ownership
3. Transfer of Property
4. Deeds
5. Encumbrances
6. Easements
7. Cases

REAL PROPERTY DESCRIPTIONS

Learning Objective: Be able to accurately read a legal description and locate the property.

1. Legal Descriptions
2. Land Division Act
3. Metes and Bounds
4. Subdivision
5. Cases

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. Civil Rights Act
2. Federal Fair Housing
3. Michigan Fair Housing
4. Civil Rights and Fair Housing
5. Cases
6. Employer Guidelines

FINAL EXAM


30-Hour Broker Preparation Online Course


Course Description

This 30 hour prelicensure course is approved and certified by the state of Michigan. Students will gain the expertise and tools needed to pass the state exam. Gwyn Besner, a respected and well known educator in Real Estate, now offers a top quality online video course that walks you through the principles of law, civil rights, contracts, ethics, property law, finance and management. Included are hundreds of practice questions and math problems to help prepare you for the exam.


Michigan Occupational Code 

Learning Objective:  Students will recognize which portions of the Occupational Code pertain to and regulate the real estate industry.

1. LARA
2. Requirements for Licensure
3. Licenses
4. Continuing Education
5. Assumed Names
6. License Revocation and Suspensions
7. Broker Supervision
8. Commissions
9. Advertising
10. Listings, Co-Brokering
11. Offers and Deposits
12. Trusts
13. Beginning Math Tutorial

Contract Law

Learning Objective:  Identify the components of a contract, what conditions may apply and what constitutes a breach of contract.

1.  Validity
2.  Expressed or Implied
3.  Termination
4. Remedies
5. Language
6. Profit or Loss Math Instruction

Agency, Ethics and Broker Principles

Learning Objective:  Be able to prepare a policy and procedure manual for their business.

1. Special, General and Universal Agency
2. Disclosure
3. Service Provision Agreements
4. Professional Ethics
5. Michigan Consumer Laws

Nature Of Property

Learning Objective:  Accurately read a local description and locate property based on metes and bounds, surveys and subdivisions.

1. Legal Description
2. Metes and Bounds
3. Survey System
4. Subdivision Method
5. Land Division Act
6. Interest in Real Property
7. Types of Ownership
8. Water and Mineral Rights

Deeds, Rights and Restrictions

Learning Objective:  Recognize various forms of estates, ownership, conveyance of property and easements.

1. Transfer of Property
2. Deeds
3. Encumbrances
4. Easements

Valuation and Taxation

Learning Objective:  Understand homeowner benefits, determination of value/taxes, appraisal criteria, and point of sale requirements.

1.  Determining Value
2.  Property Taxes
3.  Appraisal Criteria
4. Gross Rent Multiplier
5. Benefits/Deductibles
6. Point of Sale
7. Prorations

Finance

Learning Objective:  Be able to apply the rules and regulations of state and federal agencies as they pertain to real estate finance;  insurance, mortgages, loans and lenders.

1. Regulations
2. Lenders
3. Types of Mortgages
4. Loans
5. Mortgage Insurance

Property Management

Learning Objective:  Be able to identify rental and property management requirements, understand commencement and termination inventory checklists, and the use of leases.

1. Michigan Laws
2. Leasehold Estates
3. Leases
4. Real Estate Investment

Fair Housing

Learning Objective:  Be able to discuss the history and development of civil rights and fair housing legislation, and apply that towards the goal of a discrimination-free business.

1. Civil Rights Act
2. Federal Fair Housing
3. ADA Requirements
4. Michigan Fair Housing
5. Complaints

FINAL EXAM  70% Passing Score Required


Michigan 40/30 Hour Practice Exam

This is a Practice Exam that has been included in your package. You will want to go over this, the Midterm and the Final Exams as many times as it takes until you feel confident with the material.

It is very important for licensee candidates to watch the videos AND read the text material below each video. There is a great deal of information in the text below that the instructor does not discuss in the video, and information the instructor discusses that is not in the text. The best way to learn the material and then pass the exam is to study BOTH! It is also a good idea to print the text material for study purposes.


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 by going to our website and scrolling to the bottom of the page (See Privacy and Refund Policy).

227,837 Courses Taken
Scott, Thanks for your help this weekend, I passed the exam. I appreciate your help greatly.
Todd Collom - Michigan
 
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