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Serving the Unique Needs of the Senior Market

$39
This product includes:
License Renewal Period: 3 years (2 Legal hours per year, 1 Fair Housing hour per year) Elective: 3 Mandatory: 0 Total Hours: 3
Description
State Requirements

Did you know that a report issued by Census.gov, An Aging Nation: The Older Population in the United States, notes that “In 2050, the population aged 65 and over is projected to be 83.7 million”? That’s almost double what that population numbered in 2012. This population group’s numbers are rising fast, and that adds up to opportunities for licensees.

The senior market needs the services of real estate professionals who understand its unique real estate needs. Working with seniors comes with some of its own challenges, concerns, and rewards. A comprehensive understanding of the particulars and practicalities of this market segment will equip licensees to serve older adult clients with the respect and honor they deserve.

In this course we’ll explore best practices in addressing the distinctive considerations in the senior marketplace. Course highlights include:

  • Senior market stats in the U.S.
  • Important financial and lifestyle considerations for older clients
  • Seniors and legal competence
  • Senior seller and property preparation for listing
  • Four significant considerations for older adult buyers
  • Potential snags and how to overcome them
  • Options in senior adult communities, both traditional and noteworthy
  • Housing programs for low-income seniors
  • The senior market as a niche
Package Content:

State Requirements For Michigan

Michigan State Requirement Details for Real Estate Continuing Education

Renewal Date: Every three years from date of issuance

Hours Required: 18 hours

  • 6 hours – Legal Update (2 hours per year of the license cycle)
  • 3 hours – Fair Housing (1 hour per year of the license cycle)
  • 9 hours – Elective (can be completed at any time during the license cycle)

The CE Shop’s Offering: 18 hours

  • 6 hours – Legal Update (2 hours per year of the license cycle)
  • 3 hours – Fair Housing (1 hour per year of the license cycle)
  • 9 hours – Elective (can be completed at any time during the license cycle)

The CE Shop is an approved provider in Michigan.

Reporting: The CE Shop reports CE hours to CE Marketplace. You can access your course records with CE Marketplace here.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Certificates: Immediately upon course completions, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your application to determine if you need to submit your certificate(s) of completion. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Final Exam: Final exams must be passed with at least a 75% and may be taken as many times as necessary in order to pass.

License Renewal Process: The process to renew in this state is to log in to the licensing system online and follow the prompts to renew.

Seat Time: It is required that all students spend a minimum amount of seat time engaged in the course content. Our online course delivery system manages this requirement for you.

Still have questions? Visit our Frequently Asked Questions or Contact Us.

Department of Licensing and Regulatory Affairs (LARA) - Board of Real Estate Brokers and Salespersons

Street Address: 611 W. Ottawa, Lansing MI 48933

Mailing Address: PO Box 30004, Lansing MI 48909

Telephone: 517.241.0199

Fax: 517.241.9416

 

CE Marketplace

Street Address: 720 N. Washington Ave., Lansing, MI 48906

Telephone: 844.642.6633

 

License Renewal Website

License Lookup Website

CE Marketplace

CE Transcript Lookup Website 

Contact LARA via email