This 90-hour course is designed specifically to prepare you for the Michigan Broker licensing exam and is an approved pre-licensing course.
Our courses are set up so that you cannot fail! You can keep working on the course as long as you need to learn the fundamental concepts of real estate.
The course will begin with classes on business management, including hiring practices and writing a business plan. We'll review real estate principles including antitrust laws, as well as the NAR Code of Ethics.
We'll review the specifics of operating a real estate business, including handling trust money and keeping good records. Antitrust laws and advertising regulations will be reviewed as well.
Part of our course will assist you in writing a marketing plan and setting goals for it, while other aspects of the course will refresh you on the finer points of listing and selling techniques.
We'll review fair housing laws and history before we talk about the nature of agency, and the concept of procuring cause.
Then, we'll get into legal descriptions, property ownership, estates, and titles. This includes a discussion of the probate process and various interests.
After the midpoint exam, we'll move on to design and building construction principles. Following this we'll talk a bit about contract law, including listing agreements, sales agreements, and disclosures from lenders.
Property appraisal and valuation will be discussed as well, before talking about real estate finance and mathematics. We'll move on after that to types of mortgages, foreclosures, bankruptcies, and tax laws that affect real property.
Our course will then turn to real estate investments, including syndications, securities, and management of rentals. We'll discuss Michigan's landlord/tenant law, as well as real estate law and environmental concerns. The course concludes with several practice exams.
Course Format: Text
Credit Type: Pre-License Training, Broker
Course ID(s): 0490-3045
Approved By: Michigan Department of Licensing And Regulatory Affairs - MI RE Pre-Licensing
- Course Introduction
- Course Introduction [1 Activities]
- Course Introduction
- Course Introduction [1 Activities]
- I. Business Management
- A. Starting a Business [4 Activities]
- 01. Starting a Business - Introduction (video)
- 02. First Steps
- 03. Next Steps
- 04. Starting A Business - Conclusion (Video)
- B. Writing a Business Plan [4 Activities]
- 01. Introduction (video)
- 02. Overview of the Process
- 03. Writing the Business Plan
- 04. Conclusion (video)
- C. Accounting Concepts & Practices [3 Activities]
- 01. Introduction (video)
- 02. Accounting Systems
- 03. Conclusion (video)
- D. Employment Law and Employee Rights [8 Activities]
- 01. Introduction (video)
- 02. Employees v. Subcontractors
- 03. Employee Classification, Workers' Comp, Working Conditions
- 04. Employee Rights (Video)
- 05. Employee Rights
- 06. Hiring Practices (Video)
- 07. Hiring Practices
- 08. Conclusion (Video)
- A. Starting a Business [4 Activities]
- II. Real Estate Practice - An Introduction
- A. Overview of the Practice of Real Estate [11 Activities]
- 01. Introduction to the Lesson (Video)
- 02. Industry Standards
- 03. Brokers, Salespersons and the Agency Relationship (video)
- 04. Brokers, Salespersons and the Agency Relationship
- 05. Antitrust Laws (Video)
- 06. Anti-Trust Laws
- 07. Commissions, Fees & Trust Accounts (Video)
- 08. Commissions, Fees and Trust Accounts
- View Additional Activities
- 09. MI Specific Considerations (Video)
- 10. Michigan Specific Considerations
- 11. Conclusion (Video)
- B. Personal Conduct: Professionalism [8 Activities]
- 01. Introduction (Video)
- 02. The Challenge of Real Estate Professionalism
- 03. Challenge of Professionalism (Cont)
- 04. Video Bridge
- 05. Pathways to Professionalism
- 06. Video Bridge
- 07. Elaborations on the P2P
- 08. Conclusion (Video)
- C. NAR Code of Ethics [5 Activities]
- 01. Introduction (Video)
- 02. Introduction
- 03. NAR Code of Ethics, Part 2
- 04. NAR Code of Ethics Part 3
- 05. Conclusion (Video)
- A. Overview of the Practice of Real Estate [11 Activities]
- III. Real Estate Practice - Operating a Real Estate Business
- A. Trust Accounts, Commissions and Fees [13 Activities]
- 01. Introduction (Video)
- 02. Legal Requirements and Account Administration
- 03. Trust Fund Mis-Management (Video)
- 04. Trust Account Administration (continued)
- 05. Trust Monies (Video)
- 06. Trust Monies
- 07. Disbursements (Video)
- 08. Disbursing Trust Monies
- View Additional Activities
- 09. Record Keeping (Video)
- 10. Record Keeping
- 11. Record Keeping (Continued)
- 12. MI-Specific Considerations (Video)
- 13. Conclusion (video)
- B. Anti-Trust Laws [9 Activities]
- 01. Introduction (Video)
- 02. History of Anti-Trust Regulation
- 03. Legislative/Regulatory Considerations
- 04. Video Bridge
- 05. Legislative/Regulatory Considerations (Cont)
- 06. The MLS System
- 07. Non-Traditional Business Models
- 08. Per Se Offenses
- 09. Conclusion (Video)
- C. Public Communications: Advertising [9 Activities]
- 01. Introduction (Video)
- 02. Fundamental Principles of Advertising
- 03. Federal and State Laws
- 04. Hoodoo (Video)
- 05. HOODOO
- 06. HOODOO Part 2
- 07. HOODOO Part 3
- 08. HOODOO Part 4
- 09. Conclusion (Video)
- A. Trust Accounts, Commissions and Fees [13 Activities]
- IV. Real Estate Practice - Marketing and Sales
- A. Marketing in General [22 Activities]
- 01. Introduction (video)
- 02. Marketing Basics
- 03. Writing a Marketing Plan (Video)
- 04. Writing a Marketing Plan
- 05. Mission / Vision Statements (Video)
- 06. Mission / Vision Statements
- 07. Marketing Goals & Objectives (Video)
- 08. Marketing Goals & Objectives
- View Additional Activities
- 09. USP and Situational Analysis (Video)
- 10. USP and Situational Analysis
- 11. Situational Analysis Part 2 (Video)
- 12. Situational Analysis Part 2
- 13. Marketing Strategy (Video)
- 14. Marketing Strategy
- 15. Finalizing your Marketing Plan
- 16. Marketing Techniques/Tools (Video)
- 17. Marketing Techniques & Tools
- 18. Internet Marketing (video)
- 19. Internet Marketing
- 20. Online Marketing Strategies (Video)
- 21. Online Marketing Strategies
- 22. Conclusion (Video)
- B. Listing and Selling Techniques [6 Activities]
- 01. Introduction (Video)
- 02. Getting the Listing
- 03. MLS (Video)
- 04. Multiple Listing Service
- 05. Selling the Property
- 06. Conclusion (Video)
- C. Open Houses [6 Activities]
- 01. Introduction (Video)
- 02. Setting up the Open House
- 03. Conducting the Open House
- 04. Broker Open House (video)
- 05. Broker Open House
- 06. Conclusion (Video)
- A. Marketing in General [22 Activities]
- V. Real Estate Practice - Civil Rights Legislation
- A. Civil Rights: Introduction & History [7 Activities]
- 01. Introduction (Video)
- 02. Civil Rights
- 03. Civil Rights in America 1950 - 1964 (Video)
- 04. Civil Rights in America: 1950 1964
- 05. Civil Rights in America After 1965 (Video)
- 06. Civil Rights in America After 1965
- 07. Conclusion (Video)
- B. Fair Housing Laws [18 Activities]
- 01. Introduction (video)
- 02. Introduction to Fair Housing
- 03. History of Fair Housing (Video)
- 04. History of Fair Housing
- 05. Impact of Fair Housing on the Real Estate Professional (video)
- 06. Impact of Fair Housing on the Real Estate Professional
- 07. Overview of the Fair Housing Act (Video)
- 08. Overview of the Fair Housing Act
- View Additional Activities
- 09. Other Civil Rights Laws (video)
- 10. Other Civil Rights Laws
- 11. Fair Housing-Related Executive Orders (video)
- 12. Fair Housing-Related Executive Orders
- 13. Michigan Fair Housing Laws (Video)
- 14. Michigan's Fair Housing Law
- 15. Looking to the Future (video)
- 16. Looking to the Future (Part 1)
- 17. Looking to the Future (Part 2)
- 18. Conclusion (Video)
- C. Civil Rights in the Housing Market [15 Activities]
- 01. Introduction (Video)
- 02. Michigan Civil Rights Laws
- 03. Elliot-Larsen Civil Rights Act (Video)
- 04. Elliott-Larsen Civil Rights Act
- 05. Elliot-Larson Civil Rights Act (Cont.) (Video)
- 06. Elliott-Larson Civil Rights Act (Cont.)
- 07. Persons with Disabilities (Video)
- 08. Persons with Disabilities Civil Rights Act
- View Additional Activities
- 09. Persons with Disabilities (Cont) (Video)
- 10. Persons with Disabilities (Cont)
- 11. Persons with Disabilities (Pt. 3) (Video)
- 12. Persons with Disabilities (Pt. 3)
- 13. Important Civil Rights Cases (Video)
- 14. Important Civil Rights Cases
- 15. Conclusion (Video)
- A. Civil Rights: Introduction & History [7 Activities]
- VI. The Law Of Agency
- A. Introduction to the Law of Agency [11 Activities]
- 01. Introduction (Video)
- 02. Introduction
- 03. Parties to an Agency Agreement (Video)
- 04. Parties to an Agency Agreement
- 05. Types of Agency / Authority
- 06. Responsibilities of the Parties
- 07. Agency in the Real Estate Industry (Video)
- 08. Agency in the Real Estate Industry
- View Additional Activities
- 09. MI Specific Considerations
- 10. MI Specific Considerations
- 11. Conclusion (Video)
- B. Types of Agency [5 Activities]
- 01. Introduction (Video)
- 02. Types of Agents
- 03. Types of Real Estate Agents (Video)
- 04. Types of Real Estate Agents
- 05. Conclusion (Video)
- C. Procuring Cause [9 Activities]
- 01. Introduction (Video)
- 02. Introduction
- 03. Resolution of Procuring Cause Disputes
- 04. Video Bridge
- 05. Sample Situations
- 06. Preventing Procuring Cause Disputes (Video)
- 07. Preventing Procuring Cause Disputes
- 08. Non-MLS Transactions
- 09. Conclusion
- A. Introduction to the Law of Agency [11 Activities]
- VII. Real Property
- A. Legal Descriptions [7 Activities]
- 01. Introduction
- 02. Fundamentals of Legal Descriptions
- 03. Rectangular Surveys
- 04. Platted Descriptions
- 05. Michigan's Land Description System
- 06. Terminology
- 07. Conclusion
- B. Property Ownership [8 Activities]
- 01. Introduction (video)
- 02. Property Classifications
- 03. Characteristics of Land
- 04. Ownership (Video)
- 05. Ownership
- 06. Encumbrances (Video)
- 07. Encumbrances
- 08. Conclusion
- C. The Estate Concept [6 Activities]
- 01. Introduction (Video)
- 02. The Estate Concept
- 03. Tenancies of Title (Video)
- 04. Tenancies of Title
- 05. MI-Specific Considerations (Video)
- 06. MI-Specific Considerations
- D. Titles and Deeds [14 Activities]
- 01. Introduction (Video)
- 02. Titles
- 03. Nonpossessory Interest (Video)
- 04. Nonpossessory Interest in Land
- 05. Clouded Titles (Video)
- 06. Clouded Titles
- 07. Transfer of Title (Video)
- 08. Transfer of Title
- View Additional Activities
- 09. Deeds (Video)
- 10. Deeds
- 11. MI-Specific Considerations (Video)
- 12. I-Specific Considerations
- 13. MI-Specific Considerations (Cont.)
- 14. Conclusion (Video)
- E. Interests & Restrictions [7 Activities]
- 01. Introduction (Video)
- 02. Land Rights
- 03. Interests in / Restrictions of Real Estate (Video)
- 04. Interests in Real Estate
- 05. Michigan Law (Video)
- 06. Michigan Law
- 07. Conclusion (Video)
- F. Probate [7 Activities]
- 01. Introduction (Video)
- 02. What is Probate
- 03. The Probate Process (Video)
- 04. The Probate Process
- 05. Inventory of the Estate (Video)
- 06. Taking an Inventory of the Estate
- 07. Conclusion (Video)
- G. Condominium Concept [8 Activities]
- 01. Introduction (Video)
- 02. Definitions
- 03. History and Origins
- 04. Condo Declaration (Video)
- 05. The Condominium Declaration
- 06. The Condominium Association
- 07. The Condo Assoc & Related Concepts
- 08. Conclusion (Video)
- A. Legal Descriptions [7 Activities]
- Mid-Point 1: Exam
- Mid Point Quiz - Chapters 1-7 (30 questions)
- VIII. Design and Construction
- Design & Construction [6 Activities]
- 01. Introduction (Video)
- 02. Building Design
- 03. Building Design (Cont.)
- 04. Building Construction (Video)
- 05. Building Construction
- 06. Conclusion (Video)
- Design & Construction [6 Activities]
- IX. Contract Law
- A. Contract Law In General [19 Activities]
- 01. Introduction (Video)
- 02. Introduction to Contract Law
- 03. Fundamentals - Part 1 (Video)
- 04. Contract Law Fundamentals - Part 1
- 05. Elements of Contract Law (Video)
- 06. Elements of Contract Law
- 07. Review (Video)
- 08. Contract Law Fundamentals - Part 2
- View Additional Activities
- 09. Contract Interpretation ( Video)
- 10. Principles of Contract Interpretation
- 11. MI-Specific Considerations (Video)
- 12. MI-Specific Considerations
- 13. Real Estate Contracts (Video)
- 14. Real Estate Contracts in General, Part 1
- 15. eal Estate Contracts in General, Part 2
- 16. Real Estate Contracts in General, Part 3
- 17. MI Real Estate Contracts (Video)
- 18. MI Real Estate Contracts
- 19. Conclusion (Video)
- B. Listing Agreements [5 Activities]
- 01. Introduction (Video)
- 02. Types and Descriptions
- 03. Exclusive Lstng Agrmnt, Pt 6-10 (Video)
- 04. Exclusive Listing Agreement, Pt. 6-10
- 05. Conclusion (Video)
- C. Sales Agreements [6 Activities]
- 01. Introduction (Video)
- 02. Buy/Sell Agrmnt In Detail - Part 1
- 03. Buy/Sell Agrmnt In Detail - Part 2
- 04. Addendum (Video)
- 05. Addendum to Buy/Sell
- 06. Conclusion (Video)
- D. Closing Documents [5 Activities]
- 01. Introduction (Video)
- 02. RESPA / HUD-1
- 03. Other Closing Forms (Video)
- 04. Other Closing Forms
- 05. Conclusion (Video)
- E. Integrated Mortgage Disclosures [6 Activities]
- 01. Introduction (Video)
- 02. Integrated Mortgage Disclosures
- 03. Rules of Integrated Mortgage Disclosures
- 04. Other Rules of Integrated Mortgage Disclosures
- 05. Additional Disclosures
- 06. Conclusion (Video)
- A. Contract Law In General [19 Activities]
- X. Property Appraisal and Valuation
- A. Overview of Property Appraisal [6 Activities]
- 01. Introduction (Video)
- 02. Comps, BOV's & Appraisals
- 03. Appraisal Licensure Law - Part 1
- 04. Video Bridge
- 05. Appraisal Licensure - Part 2
- 06. Conclusion (Video)
- B. Property Valuation [5 Activities]
- 01. Introduction (Video)
- 02. Market Value
- 03. Estimating Market Value
- 04. The Appraisal Report
- 05. Conclusion (Video)
- A. Overview of Property Appraisal [6 Activities]
- XI. Real Estate Finance
- A. Mathematics for Real Estate [15 Activities]
- 01. Introduction (Video)
- 02. General Math
- 03. Assessment (Video)
- 04. Assessment
- 05. Property Value (Video)
- 06. Property Value
- 07. Taxes & Fees (Video)
- 08. Taxes & Fees
- View Additional Activities
- 09. Sales and Commissions (Video)
- 10. Sales and Commissions
- 11. Loans & Mortgages (Video)
- 12. Loans & Mortgages
- 13. Interest & Loan Cost (Video)
- 14. Interest & Loan Cost
- 15. Conclusion (Video)
- B. Financing [11 Activities]
- 01. Introduction (Video)
- 02. General Concepts
- 03. Loans (Video)
- 04. Loans
- 05. Sources of Money (Video)
- 06. Sources of Money
- 07. Loan Application Process (Video)
- 08. Loan Application Process
- View Additional Activities
- C. Mortgages [7 Activities]
- 01. Introduction (Video)
- 02. Types of Mortgages
- 03. Clauses, Covenants, Deeds of Trust
- 04. Mortgage Insurance (Video)
- 05. Mortgage Laws (Video)
- 06. Mortgage Laws
- 07. Conclusion (Video)
- D. Foreclosures [6 Activities]
- 01. Introduction (Video)
- 02. Overview of Foreclosures
- 03. Foreclosure by Power of Sale (Video)
- 04. Foreclosure by Power of Sale
- 05. Alternatives / Remedies to Foreclosure
- 06. Conclusion (Video)
- E. Bankruptcy [7 Activities]
- 01. Introduction (Video)
- 02. Bankruptcy & Insolvency
- 03. Bankruptcy in the US (Video)
- 04. Bankruptcy in the United States
- 05. Other Bankruptcy Laws (Video)
- 06. Other Bankruptcy Laws
- 07. Conclusion (Video)
- F. Tax Laws Affecting Real Property [8 Activities]
- 01. Introduction (Video)
- 02. Terminology & Federal Taxes
- 03. 1031 Exchanges (Video)
- 04. 1031 Exchanges (Part 1)
- 05. 1031 Exchanges (Part 2)
- 06. State and Municipal Taxes (Video)
- 07. State and Municipal Taxes
- 08. Conclusion (Video)
- A. Mathematics for Real Estate [15 Activities]
- XII. Real Estate Investment
- A. Real Estate Investments - Overview [7 Activities]
- 01. Introduction (Video)
- 02. Overview of Real Estate Investment (Pt 1)
- 03. Considerations in R/E Investment (Video)
- 04. Overview Part 2
- 05. GLITAMAD (Video)
- 06. Overview Part 3
- 07. Conclusion (Video)
- B. Real Estate Syndications [5 Activities]
- 01. Introduction (Video)
- 02. Syndications
- 03. Trusts (Video)
- 04. Trusts
- 05. Conclusion (Video)
- C. Real Estate Securities [5 Activities]
- 01. Introduction (Video)
- 02. Definitions
- 03. Overview of R/E Securities (Video)
- 04. Overview of R/E Securities
- 05. Conclusion (Video)
- D. Property Management [9 Activities]
- 01. Introduction (Video)
- 02. Fundamentals of Prop. Mgt.
- 03. Fundamentals of Prop. Mgt. (Cont.)
- 04. ADA-Related Issues (Video)
- 05. ADA-Related Issues
- 06. Creating Asset Value
- 07. reating Asset Value (continued)
- 08. MI-Specific Issues
- 09. Conclusion (Video)
- E. Michigan's Landlord / Tenant Laws [9 Activities]
- 01. Introduction (Video)
- 02. Understanding the Lease
- 03. The Security Deposit
- 04. Subleasing
- 05. Eviction Proceedings
- 06. Mediation and Court
- 07. Repair & Maintenance
- 08. Additional Considerations
- 09. Conclusion (Video)
- A. Real Estate Investments - Overview [7 Activities]
- XIII. Environmental Concerns
- Environmental Concerns [11 Activities]
- 01. Topic Introduction (Video)
- 02. Lesson Introduction (Video)
- 03. Common, Federal & State Law
- 04. Pollution and Waste Categories
- 05. NREPA Part 201 (Video)
- 06. NREPA Part 201
- 07. Lesson Two Introduction (Video)
- 08. Sellers/Buyers & Environmental Hazards
- View Additional Activities
- 09. Other Issues (Video)
- 10. Other Issues
- 11. Conclusion (Video)
- Environmental Concerns [11 Activities]
- XIV. Michigan Real Estate Law
- Michigan Real Estate Law [13 Activities]
- 01. Course Teaching Methods and Outcomes
- 02. General Course Definitions
- 03. Duties and Powers of the Department of Licensing and Regulatory Affairs and the State Board of Real
- 04. Licensing
- 05. Statutory Requirements Governing the Activities of Licensees: Advertising, Commissions, Disclosures
- 06. Statutory Requirements Governing the Activities of Licensees: Handling of Contracts, Documents, List
- 07. Statutory Requirements Governing the Activities of Licensees: Monies, Branch Office, Records, Induce
- 08. No Disclosure Duty Attached
- View Additional Activities
- 09. Contractual Relationships
- 10. Additional State Topics
- 11. Property Condition and Disclosures
- 12. Real Estate Owned (REO)
- 13. Specialty Areas
- Michigan Real Estate Law [13 Activities]
- Mid-Point 2: Exam
- Mid-Point Quiz #2 (80 questions)
- XV. Practice Exams
- Final Exam (120 questions)
- License Upload
- Mandatory LARA Questionnaire
- Certificate of Completion
