Michigan Real Estate Broker Prelicensure Law 102

$219.00

30 Hour | HD Video | Instructor:  Gwyn Besner
This broker prelicensure class brings together many of the most important aspects of a real estate broker business. Business startup, business entities, record keeping requirements are discussed.
VIDEO COURSE DETAILS

Description

Brokers Real Estate
Law 102


 

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

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@licensetobuild.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
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