Source: https://www.ayporealestate.com/michigan-real-estate-pre-license/broker-pre-license
Timestamp: 2018-08-18 18:48:02
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Michigan Broker Pre-License Training Online | AYPORealEstate.com
Home Pre-License Michigan Michigan Broker Pre-License
Michigan Broker Pre-License
Course ID: 490-3045
Approved By: Michigan LARA
This 90-hour course is designed specifically to prepare you for the Michigan Broker licensing exam and is an approved pre-licensing course.
Our courses are set up so that you cannot fail! You can keep working on the course as long as you need to learn the fundamental concepts of real estate.
The course will begin with classes on business management, including hiring practices and writing a business plan. We’ll review real estate principles including antitrust laws, as well as the NAR Code of Ethics.
We’ll review the specifics of operating a real estate business, including handling trust money and keeping good records. Antitrust laws and advertising regulations will be reviewed as well.
Part of our course will assist you in writing a marketing plan and setting goals for it, while other aspects of the course will refresh you on the finer points of listing and selling techniques.
We’ll review fair housing laws and history before we talk about the nature of agency, and the concept of procuring cause.
Then, we’ll get into legal descriptions, property ownership, estates, and titles. This includes a discussion of the probate process and various interests.
After the midpoint exam, we’ll move on to design and building construction principles. Following this we’ll talk a bit about contract law, including listing agreements, sales agreements, and disclosures from lenders.
Property appraisal and valuation will be discussed as well, before talking about real estate finance and mathematics. We’ll move on after that to types of mortgages, foreclosures, bankruptcies, and tax laws that affect real property.
Our course will then turn to real estate investments, including syndications, securities, and management of rentals. We’ll discuss Michigan’s landlord/tenant law, as well as real estate law and environmental concerns. The course concludes with several practice exams.
Course Introduction [1 Activities]
I. Business Management
A. Starting a Business [4 Activities]
01. Starting a Business - Introduction (video)
04. Starting A Business - Conclusion (Video)
B. Writing a Business Plan [4 Activities]
02. Overview of the Process
03. Writing the Business Plan
C. Accounting Concepts & Practices [3 Activities]
02. Accounting Systems
D. Employment Law and Employee Rights [8 Activities]
02. Employees v. Subcontractors
03. Employee Classification, Workers' Comp, Working Conditions
04. Employee Rights (Video)
05. Employee Rights
06. Hiring Practices (Video)
07. Hiring Practices
II. Real Estate Practice - An Introduction
A. Overview of the Practice of Real Estate [11 Activities]
01. Introduction to the Lesson (Video)
03. Brokers, Salespersons and the Agency Relationship (video)
04. Brokers, Salespersons and the Agency Relationship
05. Antitrust Laws (Video)
06. Anti-Trust Laws
07. Commissions, Fees & Trust Accounts (Video)
08. Commissions, Fees and Trust Accounts
09. MI Specific Considerations (Video)
10. Michigan Specific Considerations
B. Personal Conduct: Professionalism [8 Activities]
02. The Challenge of Real Estate Professionalism
03. Challenge of Professionalism (Cont)
04. Video Bridge
05. Pathways to Professionalism
06. Video Bridge
07. Elaborations on the P2P
C. NAR Code of Ethics [5 Activities]
03. NAR Code of Ethics, Part 2
04. NAR Code of Ethics Part 3
III. Real Estate Practice - Operating a Real Estate Business
A. Trust Accounts, Commissions and Fees [13 Activities]
02. Legal Requirements and Account Administration
03. Trust Fund Mis-Management (Video)
04. Trust Account Administration (continued)
05. Trust Monies (Video)
06. Trust Monies
07. Disbursements (Video)
08. Disbursing Trust Monies
09. Record Keeping (Video)
11. Record Keeping (Continued)
12. MI-Specific Considerations (Video)
B. Anti-Trust Laws [9 Activities]
02. History of Anti-Trust Regulation
03. Legislative/Regulatory Considerations
05. Legislative/Regulatory Considerations (Cont)
06. The MLS System
07. Non-Traditional Business Models
08. Per Se Offenses
C. Public Communications: Advertising [6 Activities]
02. Fundamental Principles of Advertising
03. Federal and State Laws
04. Hoodoo (Video)
05. HOODOO
IV. Real Estate Practice - Marketing and Sales
A. Marketing in General [22 Activities]
02. Marketing Basics
03. Writing a Marketing Plan (Video)
04. Writing a Marketing Plan
05. Mission / Vision Statements (Video)
06. Mission / Vision Statements
07. Marketing Goals & Objectives (Video)
08. Marketing Goals & Objectives
09. USP and Situational Analysis (Video)
10. USP and Situational Analysis
11. Situational Analysis Part 2 (Video)
12. Situational Analysis Part 2
13. Marketing Strategy (Video)
15. Finalizing your Marketing Plan
16. Marketing Techniques/Tools (Video)
17. Marketing Techniques & Tools
18. Internet Marketing (video)
20. Online Marketing Strategies (Video)
21. Online Marketing Strategies
B. Listing and Selling Techniques [6 Activities]
02. Getting the Listing
03. MLS (Video)
04. Multiple Listing Service
05. Selling the Property
C. Open Houses [6 Activities]
02. Setting up the Open House
03. Conducting the Open House
04. Broker Open House (video)
05. Broker Open House
V. Real Estate Practice - Civil Rights Legislation
A. Civil Rights: Introduction & History [7 Activities]
02. Civil Rights
03. Civil Rights in America 1950 - 1964 (Video)
04. Civil Rights in America: 1950  1964
05. Civil Rights in America After 1965 (Video)
06. Civil Rights in America After 1965
B. Fair Housing Laws [18 Activities]
03. History of Fair Housing (Video)
07. Overview of the Fair Housing Act (Video)
08. Overview of the Fair Housing Act
09. Other Civil Rights Laws (video)
11. Fair Housing-Related Executive Orders (video)
12. Fair Housing-Related Executive Orders
13. Michigan Fair Housing Laws (Video)
14. Michigan's Fair Housing Law
15. Looking to the Future (video)
16. Looking to the Future (Part 1)
17. Looking to the Future (Part 2)
C. Civil Rights in the Housing Market [15 Activities]
02. Michigan Civil Rights Laws
03. Elliot-Larsen Civil Rights Act (Video)
04. Elliott-Larsen Civil Rights Act
05. Elliot-Larson Civil Rights Act (Cont.) (Video)
06. Elliott-Larson Civil Rights Act (Cont.)
07. Persons with Disabilities (Video)
08. Persons with Disabilities Civil Rights Act
09. Persons with Disabilities (Cont) (Video)
10. Persons with Disabilities (Cont)
11. Persons with Disabilities (Pt. 3) (Video)
12. Persons with Disabilities (Pt. 3)
13. Important Civil Rights Cases (Video)
14. Important Civil Rights Cases
VI. The Law Of Agency
A. Introduction to the Law of Agency [11 Activities]
03. Parties to an Agency Agreement (Video)
05. Types of Agency / Authority
07. Agency in the Real Estate Industry (Video)
09. MI Specific Considerations
10. MI Specific Considerations
B. Types of Agency [5 Activities]
02. Types of Agents
03. Types of Real Estate Agents (Video)
04. Types of Real Estate Agents
C. Procuring Cause [9 Activities]
03. Resolution of Procuring Cause Disputes
05. Sample Situations
06. Preventing Procuring Cause Disputes (Video)
07. Preventing Procuring Cause Disputes
08. Non-MLS Transactions
A. Legal Descriptions [7 Activities]
02. Fundamentals of Legal Descriptions
03. Rectangular Surveys
04. Platted Descriptions
05. Michigan's Land Description System
06. Terminology
B. Property Ownership [8 Activities]
02. Property Classifications
03. Characteristics of Land
04. Ownership (Video)
05. Ownership
06. Encumbrances (Video)
07. Encumbrances
C. The Estate Concept [6 Activities]
02. The Estate Concept
03. Tenancies of Title (Video)
04. Tenancies of Title
05. MI-Specific Considerations (Video)
06. MI-Specific Considerations
D. Titles and Deeds [14 Activities]
03. Nonpossessory Interest (Video)
04. Nonpossessory Interest in Land
05. Clouded Titles (Video)
06. Clouded Titles
07. Transfer of Title (Video)
08. Transfer of Title
09. Deeds (Video)
11. MI-Specific Considerations (Video)
12. MI-Specific Considerations
13. MI-Specific Considerations (Cont.)
E. Interests & Restrictions [7 Activities]
02. Land Rights
03. Interests in / Restrictions of Real Estate (Video)
04. Interests in Real Estate
05. Michigan Law (Video)
06. Michigan Law
F. Probate [7 Activities]
02. What is Probate
03. The Probate Process (Video)
04. The Probate Process
05. Inventory of the Estate (Video)
06. Taking an Inventory of the Estate
G. Condominium Concept [8 Activities]
03. History and Origins
04. Condo Declaration (Video)
05. The Condominium Declaration
06. The Condominium Association
07. The Condo Assoc & Related Concepts
Mid-Point 1: Exam
Mid Point Quiz - Chapters 1-7 (30 questions)
VIII. Design and Construction
Design & Construction [6 Activities]
03. Building Design (Cont.)
04. Building Construction (Video)
05. Building Construction
A. Contract Law In General [19 Activities]
02. Introduction to Contract Law
03. Fundamentals - Part 1 (Video)
04. Contract Law Fundamentals - Part 1
05. Elements of Contract Law (Video)
06. Elements of Contract Law
07. Review (Video)
08. Contract Law Fundamentals - Part 2
09. Contract Interpretation ( Video)
10. Principles of Contract Interpretation
13. Real Estate Contracts (Video)
14. Real Estate Contracts in General, Part 1
15. Real Estate Contracts in General, Part 2
16. Real Estate Contracts in General, Part 3
17. MI Real Estate Contracts (Video)
18. MI Real Estate Contracts
B. Listing Agreements [5 Activities]
02. Types and Descriptions
03. Exclusive Lstng Agrmnt, Pt 6-10 (Video)
04. Exclusive Listing Agreement, Pt.s 6-10
C. Sales Agreements [6 Activities]
02. Buy/Sell Agrmnt In Detail - Part 1
03. Buy/Sell Agrmnt In Detail - Part 2
04. Addendum (Video)
05. Addendum to Buy/Sell
D. Closing Documents [5 Activities]
02. RESPA / HUD-1
03. Other Closing Forms (Video)
04. Other Closing Forms
E. Integrated Mortgage Disclosures [6 Activities]
X. Property Appraisal and Valuation
A. Overview of Property Appraisal [6 Activities]
02. Comps, BOV's & Appraisals
03. Appraisal Licensure Law - Part 1
05. Appraisal Licensure - Part 2
B. Property Valuation [5 Activities]
02. Market Value
03. Estimating Market Value
04. The Appraisal Report
XI. Real Estate Finance
A. Mathematics for Real Estate [15 Activities]
02. General Math
03. Assessment (Video)
05. Property Value (Video)
06. Property Value
07. Taxes & Fees (Video)
08. Taxes & Fees
09. Sales and Commissions (Video)
10. Sales and Commissions
11. Loans & Mortgages (Video)
12. Loans & Mortgages
13. Interest & Loan Cost (Video)
14. Interest & Loan Cost
B. Financing [11 Activities]
03. Loans (Video)
04. Loans
05. Sources of Money (Video)
06. Sources of Money
07. Loan Application Process (Video)
08. Loan Application Process
09. Financing and Credit Laws (Video)
10. Financing and Credit Laws
C. Mortgages [7 Activities]
02. Types of Mortgages
03. Clauses, Covenants, Deeds of Trust
04. Mortgage Insurance (Video)
05. Mortgage Laws (Video)
06. Mortgage Laws
D. Foreclosures [6 Activities]
02. Overview of Foreclosures
03. Foreclosure by Power of Sale (Video)
04. Foreclosure by Power of Sale
05. Alternatives / Remedies to Foreclosure
E. Bankruptcy [7 Activities]
02. Bankruptcy & Insolvency
03. Bankruptcy in the US (Video)
04. Bankruptcy in the United States
05. Other Bankruptcy Laws (Video)
06. Other Bankruptcy Laws
F. Tax Laws Affecting Real Property [8 Activities]
02. Terminology & Federal Taxes
03. 1031 Exchanges (Video)
04. 1031 Exchanges (Part 1)
05. 1031 Exchanges (Part 2)
06. State and Municipal Taxes (Video)
07. State and Municipal Taxes
XII. Real Estate Investment
A. Real Estate Investments - Overview [7 Activities]
02. Overview of Real Estate Investment (Pt 1)
03. Considerations in R/E Investment (Video)
04. Overview Part 2
05. GLITAMAD (Video)
06. Overview Part 3
B. Real Estate Syndications [5 Activities]
02. Syndications
03. Trusts (Video)
C. Real Estate Securities [5 Activities]
03. Overview of R/E Securities (Video)
04. Overview of R/E Securities
D. Property Management [7 Activities]
02. Fundamentals of Prop. Mgmt
03. ADA-Related Issues (Video)
04. ADA-Related Issues
05. Creating Asset Value
06. MI-Specific Issues
E. Michigan's Landlord / Tenant Laws [9 Activities]
02. Understanding the Lease
03. The Security Deposit
04. Subleasing
05. Eviction Proceedings
06. Mediation and Court
07. Repair & Maintenance
08. Additional Considerations
XIII. Environmental Concerns
Environmental Concerns [11 Activities]
01. Topic Introduction (Video)
02. Lesson Introduction (Video)
03. Common, Federal & State Law
04. Pollution and Waste Categories
05. NREPA Part 201 (Video)
06. NREPA Part 201
07. Lesson Two Introduction (Video)
08. Sellers/Buyers & Environmental Hazards
09. Other Issues (Video)
XIV. Michigan Real Estate Law
Michigan Real Estate Law [13 Activities]
02. General Course Definitions
03. Duties and Powers of the Department of Licensing and Regulatory Affairs and the State Board of Real
04. Licensing
05. Statutory Requirements Governing the Activities of Licensees: Advertising, Commissions, Disclosures
06. Statutory Requirements Governing the Activities of Licensees: Handling of Contracts, Documents, List
07. Statutory Requirements Governing the Activities of Licensees: Monies, Branch Office, Records, Induce
08. No Disclosure Duty Attached
09. Contractual Relationships
10. Additional State Topics
11. Property Condition and Disclosures
12. Real Estate Owned (REO)
13. Specialty Areas
Mid-Point 2: Exam
Mid-Point Quiz #2 (80 questions)
XV. Practice Exams
Bonus Exam (240 questions)
Mandatory LARA Questionnaire
Most of the course you can't copy and paste. I would have found it helpful to save a lot of the information.
No. The exam doesn't reflect your practice exams.
I just think they need more variety as the person speaking gets really boring and becomes hard to follow. They don't have enough outside videos. I had to support my training with videos from youtube.
The course needs updated user interface, content, and videos. Videos need closed captioning support.
The course was very boring the text from various laws and regulations just copied and pasted, with an occassional "video" of someone reading the same thing. Not conducive to learning, I can just go to the RE code and get the same information
Lots of grammatical errors. Course content would be repeated numerous times. Some topics covered fall outside the scope of a real estate broker area of expertise, yet was covered in great detail. In my opinion spending so much time in those areas is a waste of time and would be better spent cover material that real estate brokers actually deal with on a daily basis.
M. Scotty