COMPLETE Michigan Real Estate Continuing Education Package #2

$119.00

18 credits | Online HD Video | No Tests | Includes 6 hrs of Legal Updates – You must take at least 2hrs per year

  • 3 Hour Code of Ethics
  • 3 Hour Finance
  • 3Hour Intro to Property Management and the Accidental Commercial Agent
  • 3 Hour Drones in Real Estate
  • 2 Hour Civil Rights and Fair Housing (2hrs Legal Updates)
  • 2 Hour Real Estate Case Law (2hrs Legal Updates)
  • 2 Hour Laws and Rules Update (2hrs Legal Updates)
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PACKAGE DETAILS:

 


 

Code of Ethics


COURSE SYLLABUS

Course Description

Realtors should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.

Such interests impose obligations beyond those of ordinary commerce. They impose grave social responsibility and a patriotic duty to which Realtors should dedicate themselves, and for which they should be diligent in preparing themselves. Realtors, therefore, are zealous to maintain and improve the standards of their calling and share with their fellow Realtors a common responsibility for its integrity and honor.

This course outlines the standards of practice expected of licensed realtors, and provides several case studies to illustrate those standards.


CODE OF ETHICS AND STANDARDS OF PRACTICE

Introduction and Preamble

Article 1 Duties to Clients and Customers

1. Obligations
2. Agency Relationships
3. Disclosure
4. Offers
5. Confidentiality
6. Due Diligence

Articles 2-9

1. Misrepresentation
2. Discovery
3. Compensation and Commissions
4. Conflict of Interest
5. Contracts

Articles 10-14 Duties to the Public

1. Discrimination
2. Professional Standards
3. Standards of Competence
4. Consultive Services
5. Transparency
6. Kickbacks
7. Advertising

Articles 15-17 Duties to Realtors

1. Libel
2. Exclusivity
3. Solicitations
4. Disputes
5. Mediation and Arbitration

Business Ethics, NAR Code of Ethics and Pathways to Professionalism

1. History of NAR
2. Business Ethics
3. Professionalism
4. Enforcement
5. Arbitration Guidelines

Case Studies

1. Article 1
2. Article 12
3. Article 17
4. Commercial Cases
5. Conclusion

Final Assessment


Finance


COURSE SYLLABUS

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.

FINANCE

Lesson 1 

1. Laws Regulating Financing

a. RESPA
b. Truth in Lending Act
c. TRID
d. SAFE Act

Lesson 2 

1. Seller Financing

a. Purchase Money Mortgage
b. Land Contract
c. HUD Final Rules
d. CFPB Dodd-Frank TILA
e. Equal Credit Opportunity Act

Lesson 3 

1. Usury
2. Interest
3. Mortgages

Lesson 4 

1. VA Loans
2. Repayment of Loans
3. Private Mortgage Insurance
4.  Cases

Lesson 5 

1. Mortgages/Foreclosure

a. Advertisement
b. Judicial vs. Non-Judicial
c. Lien vs. Title Theory

Lesson 6 

1. Types of Mortgages
2. Assorted Cases

Lesson 7 

1. Commercial Lending

a. Sale and Leaseback
b. Section 1031 Exchanges
c. Tenancy in Common


INTRO TO PROPERTY MANAGEMENT
AND THE ACCIDENTAL COMMERCIAL AGENT


COURSE SYLLABUS

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

Lesson 1 

Property Manager Definition
Property Owner Services
Property Manager Role
Management Contract

Lesson 2 

Property Types
Contract Elements
Tenant and Owner Relations
Rental Application

Lesson 3 

Applicant Approval
Security Deposits
Knowing the Owners
Regulatory Environment

Lesson 4 

Fair Housing
Ethical Considerations and Best Practices

THE ACCIDENTAL COMMERCIAL AGENT

Lesson 1 

Introduction
Residential vs. Commercial

Property Types
Commercial Entry Points
Agent Representation

Lesson 2 

Commissions
Leasing Terms and Types

Lesson 3 

Clauses in a Lease
CAP Rate
Ethical Considerations


Drones in Real Estate


Course Description

Drones are the new tool companies are raving about for their marketing and personal use. There are many potential uses for drones in the real estate industry, but there are rules and regulations set in place that currently don’t allow them. So why should you care? Because you need to stay up to date with technology and ahead of the competition. This course is designed to familiarize business owners with the practical use of drone technology. The following topics will be discussed:

Types of UAV/Drone Technology

 Federal Rules and Regulations associated with UAVs

 Cost of Drones (Pros and Cons)

 Drones in your Industry (overview)

 Acquiring Images

Upon completion of this course, participants will:

  • Become knowledgeable about available technology and the proper use of drones.
  • Learn the basics of aerial survey and mapping.
  • Explain the FAA application process for an FAA 333 Exemption.
  • Learn the benefits of UAV application in marketing and advertising.

 

DRONES IN REAL ESTATE

Overview 

1. Introduction
2. Types
3. Overhead Imagery

Types of Drones 

1. Large Platform
2. Most Popular
3. First Person View
4. Considerations

Federal Rules and Regulations 

1. Drone Act
2. FAA 333 Exemption
3. Minimum Requirements
4. FAA Recommendations

Costs

1. More FAA Recommendations
2. How Drones can Help
3. Realistic Costs of Drones

Industry Uses 

1. Agriculture
2. Utility
3. GIS
4.  Construction
5. Excavation
6. Pros and Cons

Surveying and Mapping 

1. New Technology
2. Real Estate
3. Architects
4. Construction
5. Surveying
6. Placement of Materials
7. Site Access

Measuring and Scanning 

1. Measuring Stockpiles
2. Roof Inspections
3. Thermal/Infra-red

Marketing and Advertising 

1. Real Estate
2. Resort and Hotel
3. Banners
4. Brand Awareness

Security 

1. FCC Rules on Jamming
2. Airport and Port Security
3. Event Protection
4. Prisons
5. Infrastructure
6. Heat/Thermal/Infra-Red

Acquiring Imagery 

1. Locations
2. Still vs. Video
3. Hazards
4. Lighting
5. Shadows and Color
6. Buyers


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.

 

CIVIL RIGHTS

Lesson 1

1. Amelia Boynton Robinson
2. 1866 Civil Rights Act
3. 1968 Federal Fair Housing Act

Lesson 2 

1. HUD
2. Michigan Fair Housing
3. Michigan Civil Rights Act
4. Cases

Lesson 3

1. Duty to Disclose Discrimination
2. Cases
3. Employer Guidelines
4. Immigration Reform and Control Act

Lesson 4

1. CRA Court Cases


Real Estate Case Law


Course Description

Studying case law is an effective way to see how the law plays out in the real world. These Michigan specific cases address issues that are of importance to real estate professionals, including valuation, principal residence exemptions, inverse condemnation, contract law, adverse possession, and property management.

After completing this course participants will be able to:

  • Understand some long-standing principals of law that are of importance to property owners and real estate professionals
  • Understand case law and how it pertains to a specific legal issue
  • Correlate legal standards to the practice of real estate

 

MI 2018 Real Estate Case Law

Lesson 1

1. Assessor Valuation
2. Menards vs. City of Escanaba

Lesson 2 

1. Principal Residence Exemption
2. Contract Law
3. Inverse Condemnation

Lesson 3

1. Recording
2. Municipal Regulations and Annexation
3. Adverse Possession

Lesson 4

1. Property Management
2. Variances
3. Practicing Safe Real Estate


Laws and Rules Update


Course Description

The purpose of this course is to address the most recent regulatory rules and regulations that pertain to the real estate industry in Michigan. It will provide an understanding and working knowledge of a license holder’s responsibilities and obligations related to rule changes, requirements, duties, violations, and agency. This course sets out specific requirements and best practices.

After completing this course participants will be able to:

  • Understand the history behind and the current position of dower laws in Michigan
  • Outline the most recent changes in MI Occupational law, Brownfield redevelopment, and Corporations Online Filing System
  • Be aware of pending legislation
  • Gain a better understanding of agency disclosure

 

MI 2018 Laws and Rules Update

Lesson 1

1. Dower
2. Occupational Code Changes

Lesson 2 

1. Occupational Code Changes cont.

Lesson 3

1. Occupational Code Changes cont.
2. Unlicensed Real Estate Practitioners
3. Michigan Thrive Law

Lesson 4

1. Principal Residence Forms
2. Good Jobs for Michigan
3. New Corporations Online Filing System
4. Pending Legislation

Lesson 5

1. Agency
2. Fiduciary
3. Types of Agency
4. Disclosure

Lesson 6

1. Vicarious Liability
2. Designated Agency


Course instructors will be available by email or telephone between 8am and 6pm 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@onlinecti.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 Attendance, Privacy and Refund Policy).

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