Mich. Admin. Code R. 339.22203 - Prelicensure education broker license; prelicensure education equivalents for broker license; prelicensure education salesperson license
Rule 203.
(1) An
applicant for a real estate broker's license shall satisfy all requirements of
the code including completing 90 hours of approved prelicensure classroom
courses in real estate of which 9 clock hours must be on civil rights and fair
housing law. The broker prelicensure education must be completed not more than
36 months before the date of application, unless the applicant held an active
real estate salesperson license during that period.
(2) Approved prelicensure education for a
real estate broker license must meet the criteria established by the department
but may be reviewed and preapproved by a statewide real estate trade
association for subject matter relevant to the practice of real estate. Not
more than 1 broker course on the same subject will be accepted for
credit.
(3) An applicant for a real
estate broker license shall be given prelicensure classroom course credit for
the following:
(a) Possession of a law degree
is considered equivalent to 60 clock hours of real estate education including 6
clock hours of instruction on civil rights law and fair housing law.
(b) Possession of a master's degree in
business administration or finance from a degree or certificate granting public
or independent nonprofit college or university, junior college, or community
college is considered equivalent to 60 clock hours of real estate
education.
(c) Possession of a
bachelor's degree in business or finance from a degree or certificate granting
public or independent nonprofit college or university, junior college, or
community college is considered equivalent to 30 clock hours of real estate
education.
(4) An
applicant for a salesperson license shall have completed 40 clock hours of
qualifying prelicensure classroom courses of which 4 clock hours must be on
civil rights law and fair housing law. The salesperson prelicensure education
must be completed not more than 36 months before the date of
application.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.