Agency in Michigan

$29
This product includes:
LICENSE RENEWAL PERIOD: 3 YEARS (2 LEGAL HRS. PER YEAR, 1 FAIR HOUSING HR. PER YEAR) Elective Hours: 0 Mandatory Hours: 2 Total Hours: 2
Description
Renewal Requirements

It’s easy to get caught up in the day to day tasks and responsibilities each transaction demands, and take for granted some of the most basic concepts—like agency. But concepts that are elementary for you are often novel for consumers, particularly if they’re first time homebuyers or it’s been a while since they bought or sold property. Because the concept of agency is so integral to the practice of real estate and to the services clients expect, it's good to get back to the basics on agency best practices, as well as methods for explaining agency to consumers, ensuring they understand their representation options.

This two-hour course provides a review of topics related to agency, from basic agency relationships available in Michigan to subagency and dual agency to agency creation and termination.

Course highlights:

  • Agency classifications and relationships legal in Michigan
  • Specifics of single agency
  • How subagency and dual agency work in Michigan
  • Informed consent for dual agency
  • Designated agency and its implications on dual agency
  • Creating agency in Michigan, both express and implied
  • Michigan’s agency disclosure law
  • Agency termination review

Package Content:

State Requirements For Michigan

Michigan State Requirement Details for Real Estate Continuing Education

Renewal Date: Every three years from date of issuance

Hours Required: 18 hours

  • 6 hours – Legal Update
  • 3 hours – Fair Housing
  • 9 hours – Elective

Note: 2 hours of legal education courses involving statutes, rules, and court cases are required in each year of a license cycle. 

*Effective 2/13/2024 all real estate professionals must complete one hour of Fair Housing in each year of the license cycle.

For those renewing within the first year of the effective date of the law, if selected for a Continuing Education Audit, the Department will take into consideration the shortened window for you to comply with the new law. For those renewing more than 1 year after the effective date of the law (after February 13, 2025), if selected for a Continuing Education Audit, the Department will use its discretion but would expect that at least one hour of this new training is completed for each license cycle year since the law went into effect.

Department of Licensing and Regulatory Affairs (LARA) - Board of Real Estate Brokers and Salespersons

Street Address: 611 W. Ottawa, Lansing MI 48933

Mailing Address: PO Box 30004, Lansing MI 48909

Telephone: 517.241.0199

Fax: 517.241.9416

 

CE Marketplace

Street Address: 720 N. Washington Ave., Lansing, MI 48906

Telephone: 844.642.6633

 

License Renewal Website

License Lookup Website

CE Marketplace

CE Transcript Lookup Website 

Contact LARA via email