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Michigan Real Estate Academy Blog

Continuing Education Credits - How to Get 'Em & How to Track 'Em

Heaven Dunning

Posted by Heaven Dunning
Sep 25, 2017 10:57:52 AM

Completing and tracking your Continuing Education credits keeps your license current, your business running, and you in the know! Don't let 'em lapse! Find out how to get 'em and track 'em here...

What is Continuing Education?

 

Important!

The Michigan Department of Licensing and Regulatory Affairs (LARA) should always be your go-to for the most current information regarding your real estate license. You can always find the most up-to-date laws and polices on LARA's website

How long is the Licensing cycle?

How do I know what my Continuing Education requirements are?

Where can I take Continuing Education courses?

How do I keep track of my credits?

 

What is Continuing Education?

Michigan's Department of Licensing and Regulatory Affairs (LARA) requires you as a real estate licensee to complete qualifying Continuing Education (a.k.a. Con Ed or CE) credits to keep your license in good standing and to qualify for license renewal.

How long is the Licensing Cycle?

The Licensing cycle lasts three (3) years and license renewals are issued every three (3) years. Every licensee is subject to the same cycle. Regardless of when you obtain your license, you will enter the existing cycle.

For Example:

The current cycle began on November 1st, 2015 and will continue until October 31st, 2018. Within that time, licensees must complete 18 hours of Continuing Education credits. If you obtain your license now, in 2017, you will need to contact LARA right away to determine what credits you will need to complete in 2017 and 2018 to keep your license current.

Recommended Schedule

Cycle Year One-2016

Credits

2 Legal Credits Required
+
4 Additional Credits
=
6 Credits Total

Cycle Year Two-2017

Credits

2 Legal Credits Required
+
4 Additional Credits
=
6 Credits Total

Cycle Year Three-2018

Credits

2 Legal Credits Required
+
4 Additional Credits
=
6 Credits Total

 

How do I know what my Continuing Education requirements are?

The Michigan Real Estate Academy (MREA) recommends that you know your license date (when you passed the State exam) and always obtain your educational requirements directly from LARA. Continuing Education is a requirement for all license holders even if you are newly licensed or your license is in holding. 

Each cycle year, you should take at least:
  • two (2) hours of required legal training
  • four (4) hours of additional credits

To avoid fines or penalties as well as the suspension of your license, you must complete your required Continuing Education credits. Important: Your four (4) additional credits may be legal too, however the two (2) required legal credits must be legal credits.

LARA should always be your go-to for the most current information regarding your real estate license. You can always find the most up-to-date laws and polices on LARA's website.

Where can I take Continuing Education courses?

Michigan Real Estate Academy 5830 Venture Park Drive
Kalamazoo, Michigan 49009
Phone: (269) 373-1554
Email: MREA@GKAR.com
View Upcoming MREA Courses!
-or- Online

 

How do I keep track of my credits?

If at any time the state decides to audit you, they will require you to prove you have completed the Continuing Education requirements for the current cycle.

The MREA strongly recommends that licensees be proactive in tracking their Continuing Education credits since audits affect at least 10 percent of licensees annually!

"A licensee must retain evidence acceptable to the Department that demonstrates he or she has met the CE requirements for at least 4 years after the date of that certification, and must produce that evidence at the request of the Department."  - LARA
Here are two ways you can track your credits:
  1. Self-track - Document your progress in a spreadsheet and store your certificates (electronic or paper copies)
  2. CE Marketplace - Any licensee can create a free account to track their credits. You can upload your proof of completion, certificates, dates, etc.
In the event of an audit, you must provide for each course:
  • Name of Course
  • Name of School / Course Provider
  • Certificate or Official Proof of Completion
The Bottom Line:

If you don't track your Continuing Education credits, you put yourself at risk for fines or for your license to lapse, both of which can really cost you!

About This Blog

The Michigan Real Estate Academy Blog is your destination for real estate education information, Continuing Education updates, and much more.

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