Description
PACKAGE CONTENTS:
- 30-Hour Broker Prelicensure Law 101 #3700
- 30-Hour Broker Prelicensure Law 102 #3750
- 30-Hour Broker Preparation Online Course #3045
- Real Estate 40/30 Hour Practice Exam
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.
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