Real Estate Disclosure Laws | Michigan CE Marketplace #085341

Description

Instructor: Jenny MacDowell

Real estate agents are subject to a broad range of legal and ethical requirements that are designed to protect buyers, sellers and the community at large. While disclosure laws are in place to protect the consumer, they constitute a legal framework that real estate professionals must comply with. There are a number of areas that require disclosure in real estate; seller’s property condition, agency relationships, lead-based paint presence, mineral/subsurface rights, and finally consumer financing requirements. This course covers the disclosure laws that real estate professionals must adhere to, the transactions in which they will come across these requirements, and case law to illustrate real life scenarios.

After completing this course  participants will be able to:

• Recognize and implement the broad range of disclosure requirements that protect buyers and sellers.
• Be able to describe and integrate the agency relationships that are created during a real estate transaction.
• Outline the different types of agency and the standards of practice associated with each.
• Know when and under what circumstances lead-based paint disclosure must be provided.
• Have a good understanding of what mineral/subsurface rights are, and how they can impact a real estate transaction.
• Be able to share with clients the necessary requirements outlined under the integrated disclosure rule “Know Before You Owe.”

This course covers:

• Seller's Disclosure
• Agency Disclosure
• Lead Paint Disclosure
• Mineral Rights Disclosure
• Integrated Disclosure