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COMPLETE Michigan Real Estate Continuing Education Package #2

$119.00

18 credits | Online Video | Includes 9 hrs of Legal Updates – You must take at least 2hrs per year

  • 3 Hour Aging in Place – Eliminating Pitfalls
  • 3 Hour Finance
  • 3 Hour Intro to Property Management and the Accidental Commercial Agent
  • 3 Hour Real Estate Disclosure Laws (3hrs Legal Updates)
  • 2 Hour Civil Rights and Fair Housing (2hrs Legal Updates)
  • 4 Hour Real Estate Contracts (4hrs Legal Updates)

Description

PACKAGE DETAILS:

 


Aging in Place – Eliminating Pitfalls

In millions of homes across our country, and in the homes of people we love, existing residences are slowly but surely becoming prisons for their occupants. This happens as the aging process inevitably removes our ability to successfully navigate stairs and perform daily tasks required to live and survive independent. Societal options exist to move from private residences into congregate living facilities, where oversight and care are offered at various levels for those facing challenges. But few are interested in thus surrendering their independence. We prefer to just age-in-place.

It is possible to remain at home as physical and / or mental deterioration makes doing so more challenging. Given the amount of research that preceded establishing design standards to accommodate the handicapped, new structures can be designed which are far more user friendly to the elderly. Changes to existing homes can also be made in incremental steps as needs arise, just not as efficiently as doing so from scratch.

The knowledge and technology to enable our elders to stay at home are well established. All that is lacking are finances to do so, the time to do so, the will to do so and wide-spread dissemination of knowledge on how to do so.

The last of those issues is addressed in this work.

This course teaches the following specific knowledge and skills:

  • A thorough understanding of physical challenges that make aging-in-place more difficult.
  • An increased awareness of cognitive issues that make aging-in-place more difficult.
  • Resolvable issues faced by the elderly while navigating outside the home.
  • Changes in typical lighting strategies that are beneficial to an aging population.
  • Proper design of exterior amenities to facilitate increased enjoyment of nature by an older population.
  • The impacts of different choices in finishes in reducing dangers faced while aging-in-place.
  • Design choices that make common areas in multi-family housing more user friendly to the aged.
  • Changes in cabinetry needed to accommodate use by the handicapped

This course covers:

  • The Scope of This Work
  • Problems to be Expected with Aging
  • Expect Resistance
  • Potential Changes Ahead
  • Outside the Home
  • Common Areas in Multi-Family
  • Inside an Individual Home
  • Alarms and Alerts
  • Electrical and HVAC System Concerns
  • Other Available Resources

 


Finance

Course Description

Real estate agents wear many hats in their profession. They assist their clients with the buying and selling of real property. To that end, they market, list and promote sales. They advise, help negotiate, and consult with clients on market conditions, mortgages, legal requirements and financing to ensure a fair and honest transaction. Having an understanding of the legal environment surrounding the financial aspects of real estate dealings is one of the most important areas of expertise to be able to share with clients in order to build enduring and profitable relationships.

After completing this course  participants will be able to:

  • Describe the importance of case law that illustrates the problems in the conveyance of real property.
  • Define and describe the types, features, and benefits of a real estate loan.
  • 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.

This course covers:

  • Laws Regulating Financing
  • Seller Financing
  • Usury, Interest & Mortgages
  • Loans & Repayment
  • Private Mortgage Insurance
  • Cases
  • Mortgages/Foreclosure
  • Types of Mortgages
  • Assorted Cases
  • Commercial Lending

 


Intro to Property Management and The Accidental Commercial Agent

Course Description

Property Management: Are you ready to take the plunge into the world of property management? Perhaps you have been on the leasing side of the business and have been presented opportunities to manage the property you have leased, or your investor clients desperately require the skills of a property manager to handle their portfolio. Maybe you just see the cash flow potential of managing a property and want to get on board with this flow. Whatever the reason, this course will outline the property management business.

The Accidental Commercial Agent: As agents and brokers, we grow our business and knowledge in steps. Perhaps we start our career with a mentor or as an administrative member of an instructional team. Maybe we start with rentals, then work with buyers while moving up to sales until we gain the confidence and the clients to extend into the commercial realm. If this describes you, then this course is for you. It will provide the agent with a basic working knowledge of the commercial environment; the practices, customs and ethical considerations therein.

After completing this course in its entirety, participants will be able to:

  • Discuss the services and expectations that the property manager provides the landlord and the tenant.
  • Outline ethical considerations for the conduct and operation of a property management business.
  • To provide the agent with a basic working knowledge with the types and terms commonly discussed and used in commercial real estate.
  • To discuss and analyze ethical considerations in the commercial practice and how to incorporate these ethical considerations into a best practices doctrine and business model.

Property Management covers: 

  • Property Manager Definition and Role
  • Property Owner Services
  • Management Contract and Elements
  • Property Types
  • Tenant and Owner Relations
  • Rental Application, approval and Security Deposits
  • Knowing the Owners
  • Regulatory Environment and Fair Housing
  • Ethical Considerations and Best Practices

The Accidental Commercial Agent covers:

  • Residential vs. Commercial
  • Property Types
  • Commercial Entry Points
  • Agent Representation
  • Commissions
  • Leasing Terms, Types and Clauses
  • CAP Rate
  • Ethical Considerations

 


Real Estate Disclosure Laws

Course Description

Real estate agents are subject to a broad range of legal and ethical requirements that are designed to protect buyers, sellers and the community at large. While disclosure laws are in place to protect the consumer, they constitute a legal framework that real estate professionals must comply with. There are a number of areas that require disclosure in real estate; seller’s property condition, agency relationships, lead-based paint presence, mineral/subsurface rights, and finally consumer financing requirements. This course covers the disclosure laws that real estate professionals must adhere to, the transactions in which they will come across these requirements, and case law to illustrate real life scenarios.

After completing this course  participants will be able to:

  • Recognize and implement the broad range of disclosure requirements that protect buyers and sellers.
  • Be able to describe and integrate the agency relationships that are created during a real estate transaction.
  • Outline the different types of agency and the standards of practice associated with each.
  • Know when and under what circumstances lead-based paint disclosure must be provided.
  • Have a good understanding of what mineral/subsurface rights are, and how they can impact a real estate transaction.
  • Be able to share with clients the necessary requirements outlined under the integrated disclosure rule “Know Before You Owe.”

This course covers:

  • Seller’s Disclosure
  • Agency Disclosure
  • Lead Paint Disclosure
  • Mineral Rights Disclosure
  • Integrated Disclosure

 


Civil Rights and Fair Housing

Course Description

It is important to realize Civil Rights and Fair Housing laws are very much a part of today’s real estate market. Throughout history in the United States laws have been written to create equality, and much progress has been made. Nonetheless, discrimination still pervades American culture, and it is incumbent on real estate professionals to understand the ramifications of discrimination, and how it plays out in the housing industry.

After completing this course participants will be able to:

  • Understand the history behind and the connection between civil rights legislation and the Fair Housing Act.
  • Recognize and apply the standards outlined by court decisions in Civil Rights and Fair Housing case law.
  • Be able to integrate the rules and regulations pertaining to Fair Housing laws in the real estate industry.

This course covers:

  • Amelia Boynton Robinson
  • 1866 Civil Rights Act
  • 1968 Federal Fair Housing Act
  • HUD
  • Duty to Disclose Discrimination
  • Michigan Fair Housing
  • Michigan Civil Rights Act
  • Cases
  • Employer Guidelines
  • Immigration Reform and Control Act
  • CRA Court Cases

 


Real Estate Contracts

Course Description

This class will explore contracts and forms related to real estate transactions. Special emphasis is placed on the required elements of a binding contract, agency relationships, disclosure requirements, addenda/contingencies, and closings. All the elements of a real estate transaction must be accurate and properly executed for the contract to be binding. It is important for real estate professionals to have a working understanding of the contractual transaction in order to best serve their clients.

After completing this course participants will be able to:

  • Have a better understanding of the basics of contract law and the elements of a contract
  • Be better equipped to serve buyers and sellers through an understanding of agency law
  • Examine purchase agreements, addendums, and aspects of financing
  • Have a working knowledge of necessary requirements to better serve your clients

This course covers:

  • Elements of a Binding Contract
  • Representation Contracts Agreements
  • Disclosure Issues
  • Purchase Agreements
  • Counter Offers and Addenda
  • Closing Costs
  • Roundtable Discussions and Supplemental Cases

 


If you have any questions
Please call us at 1-800-727-7104 | Monday-Friday | 8am-8pm
Or send an email to info@onlinecti.com. Email responses will be returned promptly within one business day.

Attendance, Privacy and Refund Policy

335,692 Courses Taken
Great courses, easy to follow. Informative, professional and presented in a straightforward manner allowing for a concise completion of your license renewal process. Good refresher, logical sequence and multiple choice testing. Can be completed at one’s own convenience. Highly recommended for all levels of experience.
Paul Corriveau from MA