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Source: National Association of REALTORS® (NAR)
Code of Ethics

Code of Ethics Training
NAR's Board of Directors approved a change to the Code of Ethics training requirement, extending it from every two years to every three years. This extends the current cycle deadline from March 1, 2022, to Dec. 31, 2024.

REALTORS® are required to complete ethics training of not less than 2 hours, 30 minutes of instructional time. The training must meet specific learning objectives and criteria established by the National Association of REALTORS®. 

Training may be completed through NAR’s online courses or through another method, such as online or classroom courses via local/state associations. Read the consequences for failing to complete Code of Ethics training.
Continuing Education Requirements
Don't Wait, Renew Your License Today
The state of Michigan requires real estate licensees to earn at least 18 hours of continuing education (CE) credits every 3 years to renew their real estate license. The topic number and course name must differ from the other courses a licensee has taken within the 3-year period. Each year a licensee must complete at least 2 hours of education that involves the law, rules, and court cases regarding real estate. This is part of your 18 total credits for the 3 years. Any extra legal hours earned will count towards the total requirement. 

If a licensee fails to complete 2 hours of legal credit in a year, they may try to make it up in proceeding years. If the licensee is audited, this does not guarantee the licensee will not be penalized. To check your CE Credits, visit and log into the CE Marketplace. If you do not yet have an account, please create one by visiting CE Marketplace. 

Locate answers from LARA to questions related to real estate licensing, continuing education requirements, MiPlus account information, licensing applications, licensing forms, renewal requirements, licensing guides, and much more by visiting the Department of Licensing and Regulatory Affairs website.
Important Reminder About Credit Reporting
After an instructor or school administrator has reported your class attendance, you will receive a class completion certificate by email. Watch for this email to arrive! It confirms that your class attendance has been successfully reported and recorded in your CE Marketplace account.

Please note that your class attendance will be reported to CE Marketplace within ten days. If you do not receive the confirmation, it is your responsibility to contact the school administrator or instructor.

Further, you do not need to send proof of CE to the Department of Licensing and Regulatory Affairs (LARA) unless you are being audited and asked to submit the information. 

For answers to any questions about CE hours or tracking credits and class completion, visit www.cemarketplace.net or contact via email at tracking@cemarketplace.net. You can also call during normal business hours at 844.642.6633.

For answers to education questions, please visit our Education FAQs. 
Credit Requirements
IDENTIFYING REAL ESTATE LICENSE EXPIRATION DATE AND CONTINUING EDUCATION DEADLINES

To remain compliant and meet the continuing education requirements for renewal, licensees need at least 18 total credit hours every three years. Within these 18 hours, two hours of legal credit must be taken in each year you are licensed. The additional 12 credits to reach a total of 18 prior to renewal may be credits of any type (legal or elective) and may be taken at any time during the three-year period.

MICHIGAN REAL ESTATE LICENSEES NOW HAVE INDIVIDUAL EXPIRATION DATES, BASED ON THE ORIGINAL ISSUE DATE OF THE LICENSE.

To find your license expiration date(s), click here!

The month and date of your license expiration is your new deadline each year to complete your 2 hours of legal credit.

In the example below, the licensee has been assigned a new license expiration date of 5/24/2025 after their renewal for 11/1/2021.
To identify your continuing education period, count back three years from your individual expiration date.

For the example above, the education period would be as follows:

5/24/2022 – 5/24/2023
First year of education period and license cycle: At least 2 hours of legal credit are due by 5/24/2023.

5/25/2023 – 5/24/2024
Second year of education period and license cycle: At least 2 hours of legal credit are due by 5/24/2024.

5/25/2024 – 5/24/2025 (or the day you renew your license, whichever comes first)
Third year of education period and license cycle: At least 2 hours of legal credit are due by 5/24/2025.

12 additional credits of any type (legal or elective) by 5/24/2025 or date of renewal to reach a total of at least 18 credit hours prior to license renewal every three years.
Source: Michigan REALTORS® (MR)
Bias Override
Overcoming Barriers to Fair Housing
Watch an online workshop that helps real estate professionals confront and overcome unconscious biases that can prevent equal professional service.

Click "HERE" to watch now!
DRIVE YOUR SUCCESS
Join us September 20-22 in Detroit for The Convention
‌
The Convention is the premier real estate education and trade show event in the state of Michigan! Drive Your Success in Detroit with CE Marketplace Certified Knowledge Sessions, numerous networking opportunities and innovative products and services in the Expo. Held during the North American International Auto Show, test drive the agenda below and register today!
Source: Michigan REALTORS® (MR)
Mortgage Rates Hit Highest Average So Far This Year
At 6.81%, the rise is being driven by “a resilient economy, persistent inflation and a more hawkish tone from the Federal Reserve,” says Freddie Mac’s chief economist.
Source: National Association of REALTORS® (NAR)

From The Newsroom
Read and share NAR's latest news, statements, and op-eds and find contacts for media inquiries.

Full Story: Link
Source: National Association of REALTORS® (NAR)
C2EX REALTORS® COMMITMENT TO EXCELLENCE
Commitment to Excellence (C2EX) from the National Association of REALTORS® empowers REALTORS® to evaluate, enhance and showcase their highest levels of professionalism. It's not a course, class or designation—it's an Endorsement that REALTORS® can promote when serving clients and other REALTORS®.
Source: National Association of REALTORS® (NAR)
Legal Line Question
QUESTION: I am both a licensed appraiser and licensed real estate broker. I have a partner who is a licensed appraiser. I will be on vacation and unavailable for 2 weeks. May I have my partner show one of my listings during this time?
 
ANSWER: NO. Your partner is required to have a real estate license (not just an appraiser’s license) in order to show property.
Source: McClelland & Anderson Legal Hotline
MSHDA Announces New Round of Housing Affordability Funding
The Office of Equity and Engagement within the Executive Division at MSHDA is pleased to announce the Michigan Housing and Community Development Fund (HCDF) programs have started launching.
 
Programs include small to large scale housing development, services and assistance addressing housing stabilization, homelessness, and homeownership.
 
For further information on current funding opportunities please visit the MSHDA HCDF webpage
Source: Michigan State Housing Development Authority (MSHDA)
  • The Fair Housing Act protects homebuyers from discrimination as they get a mortgage, rent a home, buy a home, seek housing assistance, or participate in other housing-related activities.
  • The Fair Housing Act prevents discrimination based on race, color, sex, national origin, religion, disability, or familial status. 
  • REALTORS® can reference NAR's Code of Ethics for information on upholding fair housing ideals. 
Source: National Association of REALTORS® (NAR)
LEGAL RESOURCE
Source: Michigan REALTORS® (MR)
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Southeastern Border Association of REALTORS®
Shannon Harner, RCE, AHWD, C2EX, e-PRO, Chief Executive Officer
Lisa Horvath, e-PRO, MLS Director
Kyra James, Membership Director

Monroe Office
125 Cole Road
Monroe, MI 48162
734-242-6866

Downriver Office
Horizon Business Center West
20600 Eureka Road, Suite 510
Taylor, MI 48180
734-287-8060

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