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Related Flashcards
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Cards In This Set
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police power
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A state’s power to protect the health, safety, welfare and property of its citizens
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What is real estate licence law designed to do?
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Protect the General Public
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3 things licence law required licensees to do
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What does Public Act 299 of 1980, known as the Occupational Code do?
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It regulates the licensing of various occupations in the state of MI
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Which articles of the occupational code apply to all licence types?
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Articles 1-6
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In the Occupational Code, which article contains the rules governing real estate practices in Michigan
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Article 25
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What does the Michigan Board of Real Estate Brokers and Salespersons do?
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Regulates real estate brokers and salespersons.
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What's the difference between the Occupational Code and the Administrative rules?
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The Occupational Code is the law drafted by the Michigan State legislature.The Administrative Rules are the Department’s policies as to how the Code is interpreted and enforced.
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How are the Occupational code and Administrative rules changed?
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The Code may be changed only by a legislative vote. The rules and regulations, however, may be changed by the Department as needed or required.
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What is LARA
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The department of licensing and regulatory affairs
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What role does the Michigan Board of Real Estate Brokers and Salespersons have in regard to LARA?
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They assist the department in the implementation of the code.
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How is LARA's director appointed
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By the governor and advise and consent from the senate.
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What are LARA's (the department's) duties?
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What is the Michigan board of Real Estate Brokers and Salespersons (the board's) duties
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How does the boards membership break down?
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9 total6 real estate licensees 3 members of general public
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