Michigan Real Estate Annual Package

PACKAGE CONTENTS:

• 2 Hour Legal Update 2024
• 1 Hour Fair Housing
• 3 Hour Real Estate Disclosure Laws

Legal Update 2024

At Your Pace Online (AYPO) is responsible for the content of this course.

Learning Objectives

• Operate in accordance with current Michigan law
• Promote and protect fair housing initiatives in Michigan
• Understand the environmental impact to real property in Michigan from the use of PFAs
• Understand the impact to real property of environmental issues and law specific to Michigan

This Course Covers:

• Michigan Real Estate 2024 Legal Update:
  Recent changes to the laws and administrative rules of the state Michigan
• Legislative Update for 2023-24:
  The latest court cases and rulings affecting the real estate profession in the state of Michigan
• Legislative Updates 2023-24 (Cont.):
  Recent developments in fair housing and identity-based discrimination
• New Federal Laws Rules and Executive Orders:
  Recent federal laws, rules, and regulations affecting the real estate profession in the state of Michigan
• Civil Rights and Fair Housing:
  Michigan state and federal laws affecting civil rights and fair housing.
• Pollution, PFAs, and Brownfield Redevelopment:
  Environmental matters, specifically many related to the use and impact of PFAs in the state of Michigan
• Environmental Issues – Michigan-specific Laws:
       Michigan-specific laws and issues impacting the state
• 2023 Michigan Court Cases:
       Developments in Michigan court action.

Fair Housing

At Your Pace Online (AYPO) is responsible for the content of this course.

Course Description

This continuing education course for real estate professionals in Michigan is designed to provide an hour of instruction on fair housing. This course will explore the concept of fair housing, the history of housing practices, how fair housing benefits the real estate industry, and the Fair Housing Act.

Learning Objective:  

At the completion of the course, real estate professionals will be able to:

• Describe the concept of fair housing;
• Define terms such as “discrimination,” “protected class, and “redlining”;
• Explain how the legal framework of fair housing regulations has evolved over time;
• Understand how federal fair housing regulations benefit real estate professionals and real estate businesses and the communities they operate within;
• Operate in accordance with the Fair Housing Act;
• Explain how the Fair housing Act has changed since it was passed into law.

Real Estate Disclosure Laws

Learning Objectives

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