Michigan Board Of Real Estate Brokers And Salespersons
The Michigan Board of Real Estate Brokers and Salespersons is a regulatory agency that oversees the conduct of real estate brokers and salespersons in the state of Michigan. The board is responsible for ensuring that all real estate professionals in the state adhere to ethical and professional standards.
History of the Board
The Michigan Board of Real Estate Brokers and Salespersons was established in 1980 under the Michigan Occupational Code. The board is made up of 10 members, seven of whom are licensed real estate brokers or salespersons, and three of whom are members of the public.
The board's mission is to protect the public by ensuring that all real estate professionals in the state of Michigan are qualified, ethical, and professional. The board accomplishes this mission by setting standards for education and licensing, investigating complaints against licensed professionals, and taking disciplinary action when necessary.
Licensing Requirements
In order to become a licensed real estate broker or salesperson in the state of Michigan, individuals must meet certain educational and experience requirements. Applicants must complete 40 hours of pre-licensing education, pass a state-administered exam, and complete an additional 90 hours of education within the first three years of licensure.
Additionally, applicants must be at least 18 years old, have a high school diploma or equivalent, and have no criminal convictions or disciplinary actions related to real estate or other professions.
Complaints and Disciplinary Actions
The Michigan Board of Real Estate Brokers and Salespersons investigates complaints against licensed professionals in the state. Complaints may be filed by members of the public, other real estate professionals, or the board itself.
If a complaint is found to have merit, the board may take disciplinary action against the licensed professional. Disciplinary actions may include fines, suspension or revocation of the professional's license, or other penalties deemed appropriate by the board.
Continuing Education
Real estate professionals in the state of Michigan are required to complete continuing education courses in order to maintain their licenses. Licensees must complete at least 18 hours of continuing education every three years.
Continuing education courses cover a variety of topics related to real estate, including changes in state and federal laws, industry trends, and best practices for ethical and professional conduct.
Conclusion
The Michigan Board of Real Estate Brokers and Salespersons plays an important role in ensuring that all real estate professionals in the state of Michigan adhere to ethical and professional standards. Licensing requirements, complaints and disciplinary actions, and continuing education are all key components of the board's mission to protect the public and promote professionalism within the real estate industry.