Friday, July 21st, 2017
An amendment to the Occupational Code changes the due date for real estate con ed from December 31 to October 31 of each year. This is a significant change to timing, so make sure you complete your “legal update” courses before October 31.
Senate Bill 126, (now Public Act 56 of 2017) amends MCL 339.2504a of the Occupational Code, 1980 PA 299, by revising the continuing education requirements for licensed real estate professionals. These requirements take effect on November 1, 2018, the start of the next licensing cycle.
Highlights of PA 56 of 2017 include the following:
— Two (2) hours of eligible continuing education courses involving statutes, rules, and court cases are required to be taken in each year of a license cycle. As a result, the deadline to take the mandatory 2 hours of “legal update” continuing education has been moved up to October 31 (it’s no longer December 31).
— Currently, a license cycle is 3 years and licensees must take 18 clock hours of continuing education hours per license cycle.
— If a licensee completes an education course to obtain a professional designation, the number of hours of that course will count towards the total number of hours of continuing education courses required in a license cycle.
— An applicant for license renewal must certify the number of hours of instruction included in the course, in addition to the prior requirement of providing a time statement from the continuing professional education program sponsor that states that the continuing professional education credits for the course were granted on a 50-minute hour.
The current license cycle runs November 1, 2015 to October 31, 2018. Each year of the license cycle starts on November 1 through October 31.