Michigan Continuing Education Course: Online: Closing Transactions in Michigan

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Michigan Continuing Education COURSE

Michigan CE:Online: Closing Transactions in Michigan

Online: Closing Transactions in Michigan

2 Total hours
0 Elective hours
2 Legal Updates/Law hours

You don’t finish a race until you cross the finish line, and in real estate, the finish line is the closing. Essentially, a closing is when one person transfers ownership of a property to another, but getting your clients safely from contract to closing can sometimes be a daunting task. Even when all goes smoothly, the closing process is often complex, and keeping all your "docs" (read: documents) in a row keeps you busy.

This two-hour course covers topics related to closing, from basic best practices to special cases. Course highlights include:

  • Closing methods in Michigan
  • Closing preparations for licensees
  • The different contracts consummated at closing
  • The Real Estate Settlement Procedures Act (RESPA), TILA-RESPA Integrated Disclosures (TRID), and their impact on closings
  • Buyer and seller adjustments, such as prorations, debits, and credits
  • Tax implications for closing
  • Title transfer issues for distressed properties