MI SB0126

Establishes continuing education requirements for real estate licensees, with 18 clock hours per license cycle required until the department promulgates new rules determining the specific number of hours.

Requires licensees to complete at least 2 hours annually of courses covering real estate law, rules, and court cases, with remaining hours selectable in their area of expertise.

Mandates licensees present their pocket card or license identification number and government-issued photo identification when attending continuing education courses for identity verification.

Requires licensees to retain evidence of completed continuing education for at least 4 years and allows the department to audit compliance and impose penalties including additional hours for deficiencies of 60 days or more.

Allows the department to prorate continuing education requirements for licensees issued a license after the current license cycle begins, and prohibits prelicensure credits from counting toward continuing education requirements and vice versa.