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.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
- → A responsible broker in Wyoming asks about a first-time salesperson applicant prepares for Wyoming-specific licensing. Which answer follows Wyoming law?
- → Which Wyoming rule applies when an out-of-state salesperson applies for Wyoming licensure?
- → A responsible broker in Wyoming asks about the Commission director receives a complaint about real estate practice. Which answer follows Wyoming law?
- → For the Wyoming salesperson state portion, a first-time Wyoming salesperson applicant starts the application process. Which statement is correct?
- → A Wyoming licensee is reviewing all first-time salesperson steps are otherwise complete. What is the best answer?
- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
- → Which Wyoming rule applies when a licensee does not timely submit the complete renewal application, proof of CE, and renewal fees?
- → Which Wyoming rule applies when the Commission acts on license issuance and discipline?
- → In Wyoming real estate practice, a written sworn complaint or Commission motion starts a disciplinary matter. What should the licensee remember?
- → A Wyoming licensee is reviewing a first-time salesperson applicant asks which prelicense courses are required. What is the best answer?
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