Angela holds both an active Michigan real estate salesperson license and an active Michigan appraisal license. She completed 18 hours of LARA-BPL-approved appraisal continuing education during her real estate renewal cycle, all of which covered topics directly related to real property valuation and market analysis. She submitted these hours for her real estate CE renewal. Under Michigan law, which of the following outcomes is most accurate?
Correct Answer
A) The hours may partially satisfy her real estate CE requirement only if each specific appraisal course has also been approved by LARA-BPL for real estate CE credit
This is a high-difficulty trap question. The key principle under LARA-BPL's CE framework is that each course must be specifically approved for the profession for which CE credit is being claimed. The fact that a course is LARA-BPL-approved for appraisal CE does not automatically make it LARA-BPL-approved for real estate CE. Angela's appraisal CE hours may satisfy her real estate CE requirement only if each individual course has been separately approved by LARA-BPL for real estate continuing education credit. Topic relevance alone (e.g., property valuation) is not sufficient — the approval must be profession-specific. This distinction is frequently missed by exam takers who assume that LARA-BPL approval for one profession transfers to another.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
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