Description
PACKAGE CONTENTS:
- 30-Hour Broker Prelicensure Law 101
- 30-Hour Broker Prelicensure Law 102
- 30-Hour Broker Preparation Online Course
- Real Estate 40/30 Hour Practice Exam
Brokers Real Estate Law 101
Instructor: Gwyn Besner
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
Brokers Real Estate Law 102
Instructor: Gwyn Besner
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.
This course covers:
- BUSINESS STARTUP, EMPLOYER INFO
Learning Objective: Be able to outline the basic types of business entities, including tax requirements and record keeping. - 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. - PRACTICAL BROKERAGE PRACTICES
Learning Objective: Be able to prepare a Policy and Procedure Manual, the importance of accurate bookkeeping. - JUDICIAL SYSTEM, CONTRACT LAW
Learning Objective: Understand the rules of arbitration and the importance of a properly drafted contract. - 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. - REAL ESTATE RIGHTS AND RESTRICTIONS
Learning Objective: Identify the rights and restrictions surrounding real property ownership, deeds, transfer of property, and easements. - REAL PROPERTY DESCRIPTIONS
Learning Objective: Be able to accurately read a legal description and locate the property. - FAIR HOUSING AND CIVIL RIGHTS
Learning Objective: Identify the most important aspects of Fair Housing regulations, and the importance of the Civil Rights Act.
FINAL EXAM
MI Real Estate Broker 30 Hour Prelicensure Course
Instructor: Gwyn Besner
This 30 hour prelicensure course is approved and certified by the state of Michigan. Students will gain the expertise and tools needed to pass the state exam. Gwyn Besner, a respected and well known educator in Real Estate, now offers a top quality online video course that walks you through the principles of law, civil rights, contracts, ethics, property law, finance and management. Included are hundreds of practice questions and math problems to help prepare you for the exam.
This course covers:
- Michigan Occupational Code
Learning Objective: Students will recognize which portions of the Occupational Code pertain to and regulate the real estate industry. - Contract Law
Learning Objective: Identify the components of a contract, what conditions may apply and what constitutes a breach of contract. - Agency, Ethics and Broker Principles
- Learning Objective: Be able to prepare a policy and procedure manual for their business.
- Nature Of Property
Learning Objective: Accurately read a local description and locate property based on metes and bounds, surveys and subdivisions. - Deeds, Rights and Restrictions
Learning Objective: Recognize various forms of estates, ownership, conveyance of property and easements. - Valuation and Taxation
Learning Objective: Understand homeowner benefits, determination of value/taxes, appraisal criteria, and point of sale requirements. - Finance
Learning Objective: 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. - Property Management
Learning Objective: Be able to identify rental and property management requirements, understand commencement and termination inventory checklists, and the use of leases. - Fair Housing
Learning Objective: Be able to discuss the history and development of civil rights and fair housing legislation, and apply that towards the goal of a discrimination-free business.
FINAL EXAM 70% Passing Score Required
Michigan 40/30 Hour Practice Exam
This is a Practice Exam that has been included in your package. You will want to go over this, the Midterm and the Final Exams as many times as it takes until you feel confident with the material.
It is very important for licensee candidates to watch the videos AND read the text material below each video. There is a great deal of information in the text below that the instructor does not discuss in the video, and information the instructor discusses that is not in the text. The best way to learn the material and then pass the exam is to study BOTH! It is also a good idea to print the text material for study purposes.
