MICHIGAN Real Estate License School Online - MICHIGAN Real Estate Pre-License, Continuing Education Classes, MICHIGAN Real Estate Pre-License school, MICHIGAN Real Estate Continuing Education Classes, MICHIGAN Real Estate Classes Online, MICHIGAN Real Estate School Online
Classroom Online - Michigan Real Estate License School Online
Michigan Real Estate Pre-License and Continuing Education Classes Online
100% Online Real Estate Courses
Get your real estate license or renew your license at home or office! Satisfy all of your real estate continuing education licensing requirements online! Courses are fully accredited and applicable for renewing your license.
Real estate brokers and real estate salespersons are required to renew their licenses by October 31 the year they expire. Renewal notices are mailed approximately 90 days prior to the October 31 expiration. Licensees may continue practicing only if all requirements are met by October 31. Because of an amendment to the statute, licenses currently expire 10/31/06 (issued for a 3-year term).
A license may be renewed between November 1 and December 30 (60 day late renewal period) by paying the late renewal fee, plus the regular renewal fee and completing continuing education, if not already taken. However, the individual may not legally practice until the license and pocket card have been received by the broker.
Why Choose Classroom Online to Earn Your License or to Continue your Education?
- Expert instructors, available by email or phone
- FREE 24x7 LIVE technical support - Phone 800-442-1149 or Online support
- Instant online grading and certification
- Most economical enrollment fees
- Flexible refund policy
- Award winning text-books and authors
- Flash-based Interactive Online Modules
PRE-LICENSE PACKAGE HOURS COST (CORRESPONDENCE)
CONTINUING EDUCATION CLASSES ONLINE
COURSE TITLE HOURS COST
14
12
6
2
3
4
4
4
4
4
4
4
4
4
7
$89.99
$79.99
$34.99
$12.95
$19.95
$29.95
$29.95
$29.95
$29.95
$29.95
$29.99
$29.99
$29.99
$29.99
$59.99
40
$179.00
COURSE DESCRIPTIONS
Michigan 40 Hr Real Estate Pre-License Package with *FREE* Real Estate Finance course
This package contains the following:
Michigan 40 Hr Real Estate Fundamentals Course
Free Finance course
Free Real Estate WebPage
Free Real Estate Photography Book
Free Millionaire Real Estate Agent
The course consists of not less than 40 clock hours of classroom instruction in fundamentals of real estate, including four (4) clock hours of civil rights law and equal opportunity in housing. This course is designed to accompany and enhance material from Michigan Real Estate Principles & Practices, Fourth Edition by Marge Fraser. This course is comprised of 16 case studies designed to challenge the student’s understanding of the material, each of which is followed by a 10-question quiz. Finally, the student will be able to take two comprehensive 100-question exams as practice for the third and final exam, which the student must pass in order to receive credit for the course.
CONTINUING EDUCATION
PACKAGE & COURSE DESCRIPTIONS
The package include the following courses.
- Real Property Ownership and Land Use
- Fair Housing
- Environmental Hazards
- MI CE Laws, Rules
Approved Course Number(s): K3409 K3409, K5161 , K5161
The package include the following courses.
- Liens, Taxes, and Foreclosures
- Fair Housing
- Contracts, Purchases, and Sales Agreements
Approved Course Number(s): K3412
The package include the following courses.
- MI CE Laws, Rules, & Court Cases
- Liens, Taxes, & Foreclosures
Approved Course Number(s): K5161 K5161 K3412
Michigan CE Laws, Rules, & Court Cases
This module covers Michigan's real estate license law and regulatory information. In particular it will look at the state occupational code and general rules of the Occupational Board. Additionally, it will delve into regulatory acts such as the Seller Disclosure Act and inspection issues.
This course covers a broad range of topics related to the law and real estate regulations to help the student find ways to guide clients through this often complicated legislation. It includes the following lessons:
Michigan Real Estate License Law
Regulatory Points
In addition, this course includes a final practice lesson. This concluding lesson presents real-world dilemmas and concrete applications of the information presented in the rest of the module. As the student completes this course, he or she should try to develop a broad picture of license law and regulation and how they fit into the larger practice of real estate. The last lesson will help with this project by presenting MAR�® updates and cases.
Real Estate Math
Course Description
This course covers math principles essential in the practice of real estate. Some of these topics may already be familiar to the student. The course will elaborate on how the subject matter pertains to real estate in everyday use. It is important that licensees understand the mathematical concepts presented here in order to be competent in the practice of real estate. This course includes the following lessons:
The Language of Math
Measurement of Dimensions
Financial Math
Valuation Math
Real Estate Practice
The course includes fractions, decimals and percentages: the mathematical language used to express many aspects of real estate practice. Area and volume will be discussed so that the licensee will be able to determine and express the amount of commodity in a particular parcel of realty. While not a real estate finance course, this course will review concepts of interest, amortization and loan rate and discount. These concepts must be understood fully so that the licensee may grasp the essential elements used in the purchase of and financing for real property. Additionally, the principle of prorating will depict the importance of time in the transfer of realty.
The conclusion of this course offers real world examples and applications of the information presented. Upon completion of this course the student will comprehend the language and principles of mathematics necessary to successfully function in the practice of real estate.
Asset Management
Course Summary
Asset Management is the term used for the decision-making process involved in maximizing returns on real property investments. This process includes such decisions as whether or not to renew a lease for a tenant, purchase or lease more assets, improve, sell or rent one’s current assets, etc. The asset manager must be aware of market trends and indicators and must be able to accurately predict the cash inflows and outflows of his or her own holdings. This module provides an introduction to the basics of asset management. It introduces the student to the key ideas and concepts of management as well as the techniques a manager will use to evaluate the market and evaluate the financial impact of alternatives in order to make properly informed decisions. The student will learn how to handle distressed properties and how to successfully market a revenue-increasing strategy.
The module ends with case studies and real world practice, which will aid the student in becoming confident and familiar with the various aspects of asset management.
Property Management
COURSE DESCRIPTION:
Property management is a special category of real estate work. The term “property management” generally refers to the group of services which an owner hires a professional property manager or management firm to perform. The quality of management directly affects the profitability of the property being managed. A skilled property manager thus protects the owner’s capital investment in real estate and makes sure that the property generates profit. In many cases, property managers must be licensed real estate brokers.
This course includes the following lessons:
Introduction to Property Management
Management Agreements
A Property Manager’s Typical Duties
Interacting with Tenants
Property Management and Leases
Real Estate Practice Lesson
We will cover a property manager’s basic functions, including administrative duties, leasing practices and the manager’s legal relationships with the owner and the tenants of the property. The course also discusses the way to construct a management agreement so that the manager and the owner clearly understand one another's roles. Licensees will benefit from understanding the various types of property management, as well as the duties that successful property managers must carry out.
The concluding lesson in this module presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this course, he or she should try to develop a broad picture of property management and how it fits into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.
Home Inspection
COURSE DESCRIPTION
As the market becomes more competitive, only a business comprised of well-rounded licensees who provide comprehensive advice will continue to stand out. This course instructs real estate licensees on the basics of home inspection. An understanding of this information will allow the student to serve his or her clients and customers better.
This course presents an overview of the home inspection business and explains how it fits into the real estate industry as a whole. In addition, the course covers the regulatory bodies and professional organizations associated with home inspection. At the conclusion of this course, the student will understand the methods used to inspect homes, will know what to look for when examining properties, both inside and out, and will understand the various types of inspection reports and the differences between them.
Real Estate Finance
Course Description
This course provides an introduction to residential real estate finance, including information on how to underwrite FHA, VA, FNMA and FHLMC loans. Understanding this information will help the student assist his or her buyer- and seller-clients from the initial meeting, through the closing proceedings with basic financing and loan-qualification questions.
In accordance with TREC rules Sections 535.71 and 535.72D, in this course, you will learn the basics of the different types of loans available, loan applications, appraisals, escrow, titles and credit reports, including qualifying for loan amounts and verifying income and assets.
Upon completion of this module, the student will know how to calculate loan amounts, estimate monthly payments, property taxes, hazard and mortgage insurance (for conventional, FHA and VA) and qualifying ratios and income.
Closing and Settlement Costs
COURSE DESCRIPTION:
In many states, a licensee has no official duties throughout the closing process. This leads some real estate licensees to believe that their job ends when the purchase and sales contract is signed, but this is not a prudent stance. Transactions can and do fall apart during the closing stage. Licensees who are familiar with closing procedures and settlement costs can stay involved and use their skills to help ensure that their transactions end well.
This course covers a broad range of issues related to closing and settlement to help the student learn ways to help clients through this sometimes complicated process. It includes the following lessons:
Real Estate Closings
Expenses
The HUD-1 Settlement Statement
In addition, this course includes a final practice lesson. This concluding lesson presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this course, he or she should try to develop a broad picture of closing and settlement and how they fit into the larger practice of real estate. The last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.
Contracts Purchase & Sales Agreements
COURSE DESCRIPTION
Clear, mutually-acceptable agreements are an essential component of the legal transference of ownership. In the practice of real estate, contracts are the instruments used to describe and record the agreements surrounding the conveyance of property. Some type of contract is nearly always involved, whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house or a seller is considering an offer on property.
Before entering into a legally binding agreement, real estate professionals must fully understand the contracts that govern their industry. Failure to understand contracts opens a licensee to various kinds of liability and can seriously damage one’s professional reputation. Therefore, it is vital that real estate professionals learn this material so that they can protect themselves against errors, oversights and misunderstandings.
In this module, the student will learn about the types of general contracts as well as the different kinds of real estate contracts. The module begins by providing the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable and unenforceable. Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective and adherence to a statute of frauds.
This module includes the following lessons:
Introduction to Contracts
Contract Fulfillment
Real Estate Contracts
Contracts, Purchase and Sales Agreements in Texas
The fourth and concluding lesson in this module presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should try to develop a broad picture of environmental issues and how they fit into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.
Environmental Hazards
Course Description
This module covers major environmental hazards. The objective of this module is to familiarize licensees with environmental issues since they have a responsibility to disclose to buyers any information that might affect their decision to buy. Environmental hazards can dramatically affect a property’s value, so buyers, sellers, lenders and licensees all can be affected by them.
In accordance with TREC rules, sections 535.71 and 535.72D, this module will teach students to identify internal and external environmental issues. They will learn about health hazards, environmental legislation, liability and responsibility for cleanup and protection. They will also learn about actions they should take and how issues affect licensees and lending. Licensees are not expected to be environmental experts, but in this module students will acquire a competency with environmental issues which will help them to elucidate issues for buyers, sellers and lenders. Knowledge of environmental issues also will help protect them from charges of nondisclosure.
The conclusion of this module presents real world dilemmas and applications of the information presented. As the student completes this module, he or she should try to paint a big picture of environmental issues, which the module will address with comprehensive content questions, practices and case studies.
Fair Housing
Course Description
This course covers broad issues on fair housing laws. Specifically, the student will learn: what fair housing laws exist, what classes of individuals are covered under these laws, how discrimination is defined in real estate, how can one avoid discriminating practices, and what the consequences are for non-compliance with fair housing laws. This module addresses the following topics:
Introduction to Fair Housing
Discrimination
Additional Legal Protections to Prevent Discrimination
Enforcement of Fair Housing Laws
Avoiding Discriminatory Practices
Real World Practice
Texas State Laws and Regulations
Real Property Ownership & Land Use
Course Description
The objective of this course is to impress the meaning of real property ownership and the difference between real estate and personal property on the student. Although these terms are commonly used interchangeably in everyday conversation, there are different rights associated with these different commodities. It is important that licensees understand the differences between them and are able to explain the distinctions to their clients and customers. This module addresses the following topics:
Personal and Real Property Ownership
Land Description
Controlling Development
Real Estate Practice Lesson
In accordance with TREC rules, Sections 535.71 and 535.72D, this module will describe how different commodities—land, real estate, and real property – transfer and are related and to one another. In addition, the student will learn about land use theory and come to understand how our federal, state, municipal and private authorities govern and plan our communities. This module covers legal descriptions as well as informal descriptions, the development of these concepts and the role they play in the real estate industry.
This module’s final lesson presents real-world dilemmas and provides opportunities to apply the information covered in the rest of the course. As the student completes this module, he or she should try to develop a broad understanding of real property use and to place this understanding within the larger context of real estate practice as a whole. This final lesson aims to help the student achieve this goal using comprehensive content questions, practice examples and case studies.
Titles and Records
Course Description
Recording entails the placement of a document into the public record. This process is necessary because it allows sellers to guarantee potential buyers of a valid title conveyance by presenting records that reveal a clean and good title. The county clerk’s office maintains the public record, which is comprised of libers. This is where individuals can file or access documents pertaining to real estate interests, conveyances, liens, encumbrances, etc.
In accordance with TREC rules Sections 535.71 and 535.72D, this module will cover how to record public documents and the importance of doing so. In addition, it will outline the priority that recorded documents hold, as well as why either constructive or actual notice is important and the difference between the two.
Upon completion of this module, students will be better equipped to assist customers and clients through the home-finding and marketing steps of the real estate transaction, as well as through closing. In addition, students will understand why it is important to tell consumers to obtain abstracts and why they should have the abstracts reviewed by a licensed attorney.
Titles and Records
Course Description
Recording entails the placement of a document into the public record. This process is necessary because it allows sellers to guarantee potential buyers of a valid title conveyance by presenting records that reveal a clean and good title. The county clerk’s office maintains the public record, which is comprised of libers. This is where individuals can file or access documents pertaining to real estate interests, conveyances, liens, encumbrances, etc.
In accordance with TREC rules Sections 535.71 and 535.72D, this module will cover how to record public documents and the importance of doing so. In addition, it will outline the priority that recorded documents hold, as well as why either constructive or actual notice is important and the difference between the two.
Upon completion of this module, students will be better equipped to assist customers and clients through the home-finding and marketing steps of the real estate transaction, as well as through closing. In addition, students will understand why it is important to tell consumers to obtain abstracts and why they should have the abstracts reviewed by a licensed attorney.
Liens, Taxes & Foreclosures
COURSE DESCRIPTION
This module discusses liens, taxes and foreclosures. There are many types of liens, as well as several kinds of taxes, that can attach to a parcel of real estate. When borrowers default on a debt, foreclosure is the process by which lienholders collect the unpaid portion of a debt. Because liens represent an interest in real property, it is crucial that real estate licensees develop an in-depth understanding of liens and lien-related issues. Such knowledge also helps licensees to better advise buyers and sellers.
The first lesson presents a general overview of liens. It explains the classification of liens and discusses the types of non-tax liens. Lesson two discusses taxes and tax issues, including ad valorem taxes, real estate tax computation, special assessments, real estate transfer taxes, federal income taxes, capital gains taxes and tax shelters for homeowners and investors. It also discusses the priority of liens. Lesson three addresses the methods of foreclosure, redemption, deficiency judgments, tips for homeowners facing foreclosure and fraudulent behaviors related to foreclosure.
The conclusion of this module presents real world dilemmas and applications of the information presented. As the student completes the module, he or she should try to paint a big picture of the issues surrounding liens, taxes and foreclosures, which the module addresses with comprehensive questions, activities and case studies.
Code of Ethics
This course is NOT approved by NAR. The course does contain the NAR mandated ethics topics, but it is up to the discretion of your Board or Association to decide if this course will fulfill your NAR ethics requirement.
Course Description
This module introduces the student to some of the general ideas and theories that help make up our concept of ethical judgment. This provides a background for a detailed discussion of professional real estate ethics, framed in terms of the NAR ® Code of Ethics. In this module, we will frequently refer to the NAR®’s Code of Ethics as “the Code of Ethics” or “the Code.”
With a basic understanding of ethics and a clear idea of the requirements imposed by the NAR ® Code of Ethics, the student will then explore the steps of the ethical decision-making process and the ways in which ethical conduct contributes to better business practices.
This module includes the following lessons:
Introduction to Ethics
The NAR®’s Code of Ethics, Part One
The NAR®’s Code of Ethics, Part Two
How Professional Standards Are Enforced Through a Local Board or Association of REALTORS®
Ethical Conduct and Better Business Practices
The module also contains a sixth lesson, which is a practice lesson. It presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should try to develop a broad picture of professional real estate ethics and how they fit into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.
