This 30 hour Broker prelicensure 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.
This course covers:
- LAW, HISTORY, AND EXECUTION
Learning Objective: Understand the history of and the general makeup of the judicial system.
- MICHIGAN OCCUPATIONAL CODE
Learning Objective: Be able to outline the regulatory rules that affect the real estate industry.
- AUCTION LAW IN MICHIGAN
Learning Objective: Gain an understanding of the auction process and its relation to the industry.
- WATER RIGHTS
Learning Objective: Outline the most important aspects of riparian rights and how they affect homeownership.
- ENVIRONMENTAL LAW
Learning Objective: Gain a broad understanding of pollution and environmental issues.
- INCOME TAX
Learning Objective: Recognize the benefits of real property ownership, as well as 1031 exchanges, depreciation, and loss.
- PROPERTY MANAGEMENT
Learning Objective: Understand the rules and processes involved in real estate property management.
- FAIR HOUSING AND CIVIL RIGHTS
Learning Objective: Identify the most important aspects of Fair Housing regulations, and the importance of the Civil Rights Act.
- AGENCY AND ETHICS
Learning Objective: Gain an understanding of agency, and the importance of professional ethics.
FINAL EXAM
Credit Type: 9 Civil Rights Credits & 21 Pre-License Credits
Course ID(s): 0490-3700
Approved By: Michigan Department of Licensing And Regulatory Affairs - MI RE Pre-Licensing
