How To Get Real Estate License In Michigan? (Solution found)

What are the requirements to become a real estate agent in Michigan?

  • To earn your real estate license in Michigan, you must be at least 18 years old, complete 40 hours of approved education, submit an exam application and receive authorization to test, pass the Michigan salesperson licensing exam, and secure employment with a sponsoring broker.

Contents

How many hours does it take to get your real estate license in Michigan?

The State of Michigan Department of Licensing and Regulatory Affairs (LARA) requires you to take 40 hours of real estate fundamental education before you can sit for your licensing exam. You may complete the 40 hours in a live classroom setting or online. There are advantages to both.

How hard is the real estate exam in Michigan?

Remember, the Michigan real estate exam is hard to pass and over 50% fail the first time. Not only that, but it is expensive to try again. This course has everything you need to pass the first time at a price that is unmatched. If you truly want to hurry up and pass the exam, enroll in our course right now.

How much does the average realtor make in Michigan?

The average salary for a real estate agent in Michigan is around $46,160 per year.

Can you take the Michigan real estate exam online?

You must apply online through www.michigan.gov/icola. Complete and pass the real estate examination. You must have a valid social security number. You must be ready to pay the license fee once you apply online.

How do real estate agents get paid in Michigan?

Real estate agents get paid commission, meaning they will get paid any time they help a client buy or sell property rather than earning a weekly paycheck.

Do Realtors make a lot of money?

In Alberta, Real estate agents and salespersons earn an average of $30.35/hour or $61,168.00/year.

How many math questions are on the Michigan real estate exam?

The number of questions in the math section varies by state. You can generally expect to see between 5 to 20 math questions on the state real estate exam.

How much does it cost to take the Michigan real estate exam?

The cost for examination is $76.00 and requires a passing score of 70%. The cost to retake the exam is $76.00. Prior to applying for the Real Estate Brokers license you must successfully pass the exam for Real Estate Brokers.

What are the highest-paying jobs in Michigan?

According to the report, here are the top ten highest-paying jobs in Michigan:

  • Chief Executives.
  • Surgeons, Except Ophthalmologists.
  • Family Medicine Physicians.
  • Dentists, General.
  • Psychiatrists.
  • Orthodontists.
  • Nurse Anesthetists.
  • Obstetricians and Gynecologists.

How many hours do real estate agents work?

Daily and Weekly Routines Nearly half (49 percent) work 40 hours or more. What’s more, over half (53 percent) say they work the same hours or longer today than they did their first year.

Is it hard to make good money as a realtor?

The opportunity of vast salary growth is close at hand as a California real estate agent. While you may have to start small, hardwork and drive can take you very far. If you’re wondering how to get into real estate in California so you can begin earning, you’ll need to first obtain a license.

How much does it cost to become a real estate agent?

As a real estate agent, you’ll be required to be licensed by the state in which you plan to practice, and you can expect to shell out around $2,000 over the course of becoming licensed.

Is the Michigan real estate exam multiple choice?

There are 115 multiple-choice questions on the Michigan state licensing exam. You must answer at least 80 questions correctly (70%) in order to pass. There is a 180-minute time-limit for the exam.

How do I study for the Michigan real estate exam?

Passing the Michigan real estate exam

  1. Pick the right education provider. Your 40 hours of pre-license education should give you all the info you need to ace your exam.
  2. Time your education right.
  3. Read the PSI bulletin.
  4. Take practice tests.
  5. Know you only need a C.

How To Get A Michigan Real Estate License In 6 Easy Steps

Obtaining a Michigan real estate license may appear to be a difficult task, but we are here to assist you throughout the process. Continue reading to discover about the six steps you’ll need to do before you can begin your real estate profession in the state of Michigan. To find out how much it will cost you to obtain your real estate license in Michigan, please see ourMichigan Pre-Licensing Pricing page. Purchase your Michigan Pre-Licensing Certificate »

Prequalification

  • You must be at least 18 years old to participate. You must be a person of high moral character.

Complete 40 hours of approved Pre-Licensing education.

  • Complete a 40-clock-hour Pre-Licensing course that has been authorized by the state. Find out more about the many package options available to you here.

Pass the course final exam.

  • Completion of an authorized Pre-Licensing course with a total of 40 clock hours See this page for additional information on your package options

Select a sponsoring broker.

To get licensed in Michigan, you must first be affiliated with a current and active sponsoring broker in the state. Since you begin your new real estate profession, it is critical that you choose the correct broker with whom to collaborate, as this individual will act as your mentor. Here are some questions to think about as you begin your search:

  • What is their standing in the community, both locally and nationally
  • It is unclear what type of real estate agents the company is seeking. Are they technologically sophisticated and up to date with the most recent systems available? The manner in which they assist their agents with education and training. Does the brokerage give their agents with leads and marketing materials? Is there space for advancement within the organization? Are there any advantages available?

Start the application.

  • The Michigan Department of Licensing and Regulatory Affairs (LARA) provides information on how to apply for a real estate license in the state of Michigan. You’ll receive an email with an exam candidate ID number, which you’ll need in order to register for and take the examination. Payment of license application costs is only valid for one year, and the following steps must be completed within one year after payment of the funds.

Pass the Michigan real estate examination.

  • PSI is in charge of administering the Michigan real estate license examination. You will have 180 minutes to finish this 115 question test, which is divided into two sections that address both state and national standards. You will have 180 minutes to complete this test. More information may be found on the PSI candidate exam information page. When it comes to preparing for your Michigan real estate test, The CE Shop also offers thorough Exam Prep that is specifically customized to the state of Michigan.

Receive your license.

  1. Once you have completed your test, and if you did not include an employer on your license application, your application will be considered incomplete until the Department gets a notice from an Employing Broker. Your license will be issued as soon as the Department receives receipt of your application.

DOWNLOAD THE PROCEDURES »

Engaging Content Created for You

There’s no reason why you should be spending your time on uninteresting projects. Our LEAP platform delivers the most engaging information to make studying fun and uncomplicated, assisting you in achieving more success on your test date and in the years following it. Take a Tour of the Course »

How to Become a Real Estate Agent in Michigan

Michigan real estate licenses are required for anyone who choose to pursue a real estate profession in any of the state’s major cities, such as Detroit and Grand Rapids as well as Lansing, Ann Arbor, and other nearby areas. It takes at least 18 years of age and completion of 40 hours of authorized coursework to get a real estate license in Michigan. You must also apply for and be accepted for testing as well as successfully pass the state’s salesperson licensure exam and find employment with a sponsoring broker.

The following are the six steps to become a licensed Michigan real estate agent:

Step 1: Be at Least 18 Years of Age

In addition to being at least 18 years old, you must be a citizen of the United States or a permanent resident alien who can provide proof of high school graduation or an equivalent qualification.

Step 2: Complete Your Required Education

The Michigan Department of Licensing and Regulatory Affairs (LARA) mandates that you finish a 40-hour Michigan Real Estate Fundamentals course before you may be considered for a salesperson license in the state of Michigan.

View Licensing Packages

You can apply for your real estate license when you have completed the necessary academic requirements. To submit an application for a license in Michigan, go to the Michigan Department of Licensing and Regulatory Affairs website. Because your application and cost are only valid for one year, you must take the exam within one year after submitting your application. You can designate who your employing broker will be on your application, or you can wait until after you have taken the exam to make that determination.

Step 4: Receive Authorization to Test

You will get an email from the State of Michigan LARA informing you that your application has been approved and granting you authority to register for the exam.

Step 5: Take the Michigan Salesperson Licensing Exam

Register for and pass the salesperson’s examination with the examination provider, Psychological Services, Inc., once you have received clearance to take the examination (PSI).

To make an appointment for your exam, go to the PSI website.

Step 6: Obtain an Employing Broker Sponsor

In order to practice as a real estate salesman in Michigan, you must be sponsored by an Employing Broker who is licensed in the state. You can either apply through a sponsoring broker or, if your employing broker has approved your application at least 48 hours before the exam date, you can pick up your picture license at the PSI exam location after passing your exam. Even if you did not confirm a broker before to the exam, you can do so later by visiting the LARA’s website.

FREE eBook: Launching Your Real Estate Career

If you could sit down with a room full of accomplished real estate experts and ask them for career guidance, wouldn’t it be fantastic? We asked numerous established real estate professionals what they wished they had known before earning their license and beginning their careers, as well as what they believe all aspiring real estate professionals should know. We received a lot of great responses. We compiled all of their suggestions into a comprehensive eBook that is filled with value. E-book available for free download

You might be interested:  How To Make Millions In Real Estate? (Solution)

Licensing Requirements

Are you interested in pursuing a career as a Real Estate professional in the state of Michigan? You will need to finish a 40-hour pre-licensure course consisting of real estate basics from an approved pre-licensure teacher before you can begin your real estate career. You may find a list of pre-license education providers, both in-person and online, that have been approved by the Michigan Department of Licensing and Regulatory Affairs by clicking on the link below. Here is a list of real estate pre-licensing course providers who have been approved by the LARA.

To learn more about the On-Demand 40-Hour Michigan Real Estate Fundamentals License Course given by The CE Shop, please see the banner below.

  • Complete a 40-hour pre-licensing course that has been authorized by the state
  • Fill out an application for a license from the State of Michigan
  • Schedule your exam with PSI Services, LLC at an authorized testing facility as soon as you receive an email notice. Confirm the sponsorship of an employment broker

For additional information on earning your Michigan Real Estate Salesperson License, please see the LARA (Michigan Licensing and Regulatory Affairs) website.

Michigan Real Estate Continuing Education

Real Estate Continuing Education Requirements in Michigan: In order to keep your license, you must complete 18 credit hours of continuing education every three-year licensing cycle, with a minimum of two law-specific credit hours each year between November 1 and October 31. Beginning on November 1, 2018, and concluding on October 31, 2021, is the current cycle. We would like to remind you that the State of Michigan is no longer accepting continuing education courses or tracking licensees’ continuing education credit hours.

In order to aid you in discovering certified course content and keeping track of your CE Marketplace certified credit history, the CE Marketplace offers a simple tracking solution that is completely free of charge.

View the CE Marketplace Certified continuing education classes that are currently available here.

Obtaining a Michigan Real Estate Broker License

You must have at least three years of full-time experience as a real estate salesperson, or comparable experience, before you may apply for a Michigan Real Estate Broker License. You will need to complete 90 clock hours of authorized training within 36 months of application, unless you have been licensed continuously, and pass an exam conducted by PSI Services, LLC before you may apply for a broker license. Check out this page for a list of LARA-approved brokers who are offering broker courses.

The following hours are required for continuing education: 18 hours per three-year cycle, with a minimum of 2 hours of law every license year (November 1 to October 31).

How to Get Your Real Estate License in Michigan – Steps to Licensure

An applicant for a real estate salesperson license must be at least eighteen years old to be considered. Complete your 40-hour real estate fundamentals (pre-licensing) course either online or in a classroom setting to receive your certificate. You must earn a passing grade on your final school test of 70 percent or above. Throughout the online course, there will be interactive quizzes that the student must pass with a score of at least 70% in order to proceed. If the student does not get that score, he or she will be required to repeat the quiz.

  • The State of Michigan will receive your certificate of completion when it has been submitted by your institution. Keep a copy of your completion certificates for your records at all times. Applicants must submit an application for licensing within 36 months of completion of the prerequisite course.

Fill out and submit your application for a real estate salesperson license in its entirety.

  • To apply for licensure, go to the website www.michigan.gov/icola and log in. The student will be required to set up an account, pay the licensing price, and submit their application before further action can be taken. The 10 digit number of your employing broker should be included in your application. The application cost is $88.00, which is nonrefundable. In order to inform your employer that you have filed your license application, you will need to contact them. In order to confirm sponsorship, the broker must enter the building. Students are not needed to have a broker at the time of application submission
  • If you do not have a sponsored broker at the time of application submission, you can provide this information to the state of Michigan at a later time. It is possible that your application may stay in pending status until your sponsoring broker is verified, which should occur within one year of the date of your submission.

Obtain permission to conduct tests.

  • Assuming that no more paperwork is necessary and that your application is approved, you will get an email from the State of Michigan telling you that you have been granted permission to register for the exam (please allow 2-5 business days for this step). A six-digit exam candidate number as well as examination instructions will be sent to students through email in this message.

To schedule an examination, contact PSI.

  • Provide PSI with your MIRE number using the contact information provided in your “MIRE” email, and then plan and pay for your exam using the information contained in your “MIRE” email. In order to participate in the examination, you must pay $70.00.

6 Steps to Becoming a Real Estate Agent in Michigan

Are you interested in becoming a real estate agent in Michigan? You must first obtain a salesperson’s license before you can begin selling real estate. In contrast to other occupations, you do not need a college degree or years of on-the-job training to pursue this one. However, there are a few standards that must be satisfied regardless of the level of expertise you have. The following are the six stages you must complete in order to obtain a license and begin operating as a Michigan real estate agent.

1. Be 18 Years Old or Older

The first criteria you must satisfy is that you are under the specified age restriction. Licenses to practice real estate in Michigan are available to persons who are 18 years old or older.

2. Pass the Moral Character Specifications

Michigan, like many other states, requires that candidates be of high moral character before allowing them to apply. I’m not sure what that means exactly. A felony conviction within the past 10 years, as well as certain misdemeanor convictions within the last five years, may exclude you from being eligible for a real estate license in several states. When applying for LARA, it is advisable to be completely honest about any previous legal concerns that may have arisen in the past.

3. Complete the Required 40 Hours of Pre-licensing Coursework

Each individual who wishes to apply for and get a real estate license in Michigan must first complete prelicensing courses before being eligible to take the licensing exam. In this category are those who already hold a real estate license in another state. The LARA requires 40 hours of pre-licensing study from an approved educator before a license may be issued. Four of the coursework hours must be devoted to civil rights legislation and fair opportunity in the housing market.

The remaining 36 hours are devoted to topics that will be covered in the license test, such as financing, state rules, and real estate ownership, among others. Courses are available both in-person and online.

4. Find a Broker Sponsor

Everyone who wishes to apply for a real estate license in Michigan must first complete prelicensing courses before being eligible to sit for the licensing examination. This includes those who already have a valid real estate license in another state or jurisdiction. The LARA requires 40 hours of pre-licensing study from an approved educator before a license may be obtained. At least four of the coursework hours must be devoted to civil rights legislation and housing equality issues. The remaining 36 hours are devoted to topics that will be covered on the license test, such as financing, state rules, and real estate ownership, among other things.

5. Submit an Application

Following completion of your schooling requirements and the identification of a sponsoring broker, it is time to submit your real estate licensing application. You can submit an application using the iCOLA system, which is available online. When you submit your application, you’ll also be required to pay the $88 application cost. If you have a sponsoring broker, you will be allowed to include their information in your application; however, they will still need to validate the working connection once the application has been filed.

6. Pass the Salesperson Licensing Exam

Before you can obtain a real estate license, you must demonstrate that you understand the fundamentals of the industry by passing the licensing exam. Once PSI has received your information, you may register to take the test at www.PSIexams.com/register. On the day of the exam, you will be photographed before you begin the examination. In this pass/fail exam, you will be tested on both national and Michigan-specific real estate topics. If you pass, you’ll be given a pocket license right there and right then!

  1. If you pass the exam but do not have a sponsoring broker, you will not be eligible to earn a license.
  2. Your Michigan real estate license will be granted as soon as you have secured a sponsoring broker and that broker has submitted the Employing Broker Notification form.
  3. It occurs to a large number of people.
  4. That’s all there is to it!

How Do I Get My Michigan Real Estate License? A Step-by-Step Guide

Whether you choose to pursue a profession in residential or commercial real estate sales, the process begins with the same real estate salesperson licensure requirements. This document provides an overview of the licensing process, as well as handy links to more detailed information on each stage.

Step 1:Complete 40 hours of pre-licensure education

To be eligible to sit for your real estate licensing test in Michigan, the Department of Licensing and Regulatory Affairs (LARA) requires that you complete 40 hours of real estate fundamental education before you can take the exam. You have the option of completing the 40 hours in a live classroom environment or on the internet.

Both have their perks and disadvantages. On the LARA website, you may obtain information on a reputable pre-licensure course. All of the courses featured on this page are verified and authorized by LARA on a yearly basis. There are also on-demand internet service providers in this category.

Step 2: Apply for Your Real Estate License

The verification of attendance form will be submitted to LARA once you have finished your 40 hours. This will indicate that you have completed the first phase of the process. You can begin the registration procedure the next day once you have completed your 40 hours. The application price is calculated in accordance with the Continuing Educationcycle and can be prorated, with the first payment starting at $88. Your application, as well as the price linked with it, is valid for one year (if you have not successfully passed the state exam within 1 year, you will have to reapply and repay your fee).

  • When you submit your application, you may choose to choose who will be your employing broker.
  • If you do not have an employed broker at this time, it is perfectly OK!
  • LARA’s MiPlus will then force you to repeat the state test if you have not submitted your employing broker information within one year of receiving it.
  • The department will then ship your wall license as well as your paper pocket license to the main office of your employing broker.

Step 3: Receive Authorization to Test

Candidate Michigan Real Estate (MIRE) Number as well as exam registration instructions will be sent to you by LARA’s MiPlus when you have received clearance to test from LARA. The Michigan Real Estate Licensing Examination is administered by Psychological Services, Inc. (PSI). As soon as you obtain your MIRE, you may go to PSIExams.com and register to take your examination. A cost of $79 is charged for the exam.

Step 4: Schedule Your PSI Exam

You can arrange and pay for your exam by contacting the MIRE office using the information provided in your MIRE email. This MIRE number is not the same as your driver’s license number. His or her sole function is to schedule your examination. In the state of Michigan, your license application will stay in a “pending” position until your broker sponsorship has been verified and you have successfully completed and passed your examination.

Step 5: Take and Pass Your PSI Exam

Following successful completion of your exam and confirmation of an employing broker at least 48 working hours before your exam date, you will be entitled to get your picture pocket license at the PSI Examination Site after passing your exam. If this is the case, the following is the procedure to be followed for Subsequent Notification of an Employing Broker:

  • The LARA’s MiPlus website can still be used to verify your employment if you nominated a broker before taking the exam but the broker did not authorize it before taking the exam. The receipt of your picture pocket license and subsequent paper licenses will be delayed until your employing broker validates your employment via MiPlus online, if you did not identify an employing broker prior to passing the exam.

Important! If you do not pass the test within one year after applying for the license, the licensing price paid to LARA on MiPlus will be forfeited and your account will be closed. Step 6: Keep Your License Current. Continuing Professional Development and License Renewal Every three (3) years, license renewals are issued, and the cycle of licensing lasts for three (3) years in total. As of 2021, licensees will be subject to a unique cycle that is dependent on the date on which they obtained their license.

It will be repeated every four years.

Licensees are required to complete 18 hours of Continuing Education credits within that time period. For those who receive their license after June, they will need to contact LARA to establish how many credits they will need to complete in order to keep their license current.

Year Licensed1 styear (2019)2 ndyear (2020)3 rdyear (2021) Hours Required Per Year2 legal credits | 4 additional credits2 legal credits | 4 additional credits2 legal credits | 4 additional credits Total Hours Required to Renew18 (includes 2 legal credits per year)12(includes 2 legal credits per year)6(includes 2 legal credits per year)

Continuing Education and License Renewal for Real Estate Licenses After 2021: Since moving Real Estate licenses to the MiPlus database, the LARA has made the following changes to license expiration dates: Licensees that have just joined the company

  • All new licensees will have an expiration date that is three years from the month in which their license was issued going forward.
You might be interested:  What Is A Cma Real Estate? (Solution)

Licensees who are currently in possession of a permit

  • In the case of current licensees, if you renew your license before October 31st, 2021, your new license expiration date will correspond with the month in which your license was first granted
  • In the case of prospective licensees,

*This post was changed and modified on February 16, 2021.

How to get a Michigan real estate license in 5 steps – ASAP

When it comes to the criteria to become a real estate agent, Michigan is more flexible than other states. Prelicensing education is only necessary for 40 hours, as opposed to 180 hours in certain other jurisdictions, such as Texas, where the requirements are 180 hours. This considerably reduces the amount of time it takes to earn a real estate license and makes it easier for individuals who want to start a new profession but do not have the time to devote to a procedure that may take months, or even an entire year, to complete the necessary steps.

  1. You must take the license exam seriously, pay close attention in class, and put in significant effort before taking the final examination.
  2. Online courses are offered by the majority of colleges and universities, providing you with the added flexibility and option to study at your own pace.
  3. As soon as you have completed the prelicensing course, you must register with the official licensing system, known as iCola, or by mailing a paper application to the address shown below.
  4. After you have received your Candidate ID, you may begin the process of applying to sit for the test.
  5. Following this final step, everything is up to you.
  6. If you fail to do so, you will be obliged to start the application process again from the beginning.
  7. Agents and brokers from the South Bend-Mishawaka metro region are among the highest-paid in Michigan, earning a mean annual income of $66,610 and a large $131,130 annual 90th percentile wage, which is one of the most in the state and one of the top in the nation.
  8. Ann Arbor, Detroit-Warren-Dearborn, and South Bend-Mishawaka are the three metro regions in Michigan with yearly 90th percentile wages more than $90,000: Ann Arbor, Detroit-Warren-Dearborn, and South Bend-Mishawaka.

This demonstrates that working in the real estate industry may result in a substantial income for agents and brokers.

Perspective from a real estate pro:

Jason Gelios is a writer and musician from New York City. Realtor in Detroit, Michigan, and top producer. Community Choice Realty is a real estate company that focuses on serving the needs of the community. “In order to thrive and become a top producer, you must be ready to take risks, even when doing so is not in your best interests. Eventually, if you’ve gained enough knowledge and sales experience, you’ll be able to assemble a team to handle the chores you don’t particularly love performing.

  • Another thing that new agents should be aware of is that they must first and foremost concentrate on building their brand.
  • That was a big error!
  • How do you earn money in this business?” LARA is something that all real estate agents in Michigan should be aware with since it will play a significant role in your business long after you have obtained your real estate license.
  • One of the tasks assigned to the department is keeping track of the number of real estate licensees in the state.
  • The LARA is also in charge of overseeing the real estate license test.
  • If you do not adhere to the rules and regulations of your profession, LARA may take action by first conducting an inquiry.
  • When applying for a Michigan real estate license, you must demonstrate that you have had at least six months of real estate agent-related work experience and training equivalent to the training hours required by the Department of Licensing and Regulatory Affairs.
  • In order to get a Michigan real estate salesperson license, you will be asked to submit documentation demonstrating your job experience and educational background.
  • The ultimate cost of your Michigan real estate education is mostly decided by the supplier of prelicensing courses that you select….

According to the institution of your choosing, the cost of prelicensing classes begins at only $29 and can reach as high as $900 or more. The following are additional obligatory charges that must be paid:

  • Application fees are $88
  • Examination fees are $79
  • License renewal fees are $78
  • And other fees are as follows:

The state of Michigan does not currently have any higher education requirements for anyone wishing to become real estate agents. There are presently no requirements other than a high school diploma (or GED) and documentation that you have completed 40 hours of prelicensing study. The Michigan Department of Licensing and Regulatory Affairs use a platform callediCola for all real estate license applications and renewals, which is accessible on the internet. The whole procedure for registering on the website, obtaining a student ID, filing an application, and renewing an application may be found here.

If you need to retake the exam more than once, you will be asked to pay the $79.50 examination cost.

Consider taking a prep course if you feel you may benefit from additional assistance while studying for the final test; otherwise, don’t hesitate.

Specifically, each address distinct aspects of the real estate sector, including the following: Participants from throughout the country:

  • Property ownership
  • Land use laws and regulations
  • And other related topics. Finance, general agency concepts, property disclosures, contracts, leasing, and property management are some of the topics covered in this course. Transfer of ownership
  • Real estate business practice
  • Calculations pertaining to real estate

The following is the state portion:

  • Responsibilities and powers of the Department of Real Estate and the State Board of Real Estate Requirements for obtaining a license Licensees are subject to a number of statutory regulations that regulate their activity. Relationships based on contracts
  • Topics pertaining to the state

To pass the exam, you must properly answer 80 out of the 115 questions within three hours of sitting for it. Michigan’s salesperson real estate test consists of 115 multiple-choice questions, each of which is worth one point. To pass the exam, you must achieve a passing score of 70 percent or correctly answer 80 questions in the allotted three hours. The Department of Licensing and Regulatory Affairs does not provide official pass rates for its exams and examinations. According to some dubious sources, however, more than half of pupils fail the exam on their first try, despite their best efforts.

The national section of the Michigan real estate examination is separated from the state portion, which is called the state portion.

During the national portion, candidates will learn about general real estate principles, calculations, and regulations that are intended to educate and test their knowledge of the United States real estate market.

Acting as a broker/salesperson in Michigan without a valid license or with an expired license granted by the state’s Department of Licensing and Regulatory Affairs will result in disciplinary action, as well as civil and criminal penalties, according to the state’s licensing and regulatory authority.

If a licensee’s license is about to expire, the Michigan Department of Licensing and Regulatory Affairs will send them a notice 90 days before their license is set to expire.

The areas of management, operation, and practice of real estate, as well as any other subject matter that pertains to a licensee’s professional competence, must be included in the continuing education courses.

For a period of four years following their original certification, the licensee must retain documentation of continuing education and present it to the Michigan Department of Licensing and Regulatory Affairs.

When you arrive at the location of the test, you will be needed to present two kinds of identification. The first form of identification must fulfill all of the following criteria:

  • Be up to date (i.e., not expired)
  • It should be issued by the government
  • Possesses photographic identification
  • Display the name that was printed on the government-issued picture
  • Have the same name as the one you used to register for the examination
  • Make sure you have your most recent photo and signature

A driver’s license, a state-issued identity card, or a passport are all examples of identification documents that fulfill these standards. The second kind of identification you offer must include your signature, which must be the same as the signature on the first form of identification you supply. A social security card, a credit card, a bankcard, a military identity card, or a school identification card are all instances of this. When it comes to licensing with a criminal record, Michigan is one of the hardest states, but it is not impossible to become a real estate salesman if you have a serious criminal past.

Upon receiving your case, Michigan’s Department of Licensing and Regulatory Affairs will investigate it and seek any documentation relevant to the conviction.

How to Get a Michigan Real Estate License in 4 Easy Steps

If you’re a Michigander who enjoys the concept of having a flexible schedule and earning potential that is virtually limitless, it’s time to consider pursuing a Michigan real estate license. A Michigan real estate license requires that you be at least 18 years old and of good moral character in order to be able to apply. In this post, we’ll go over the fees involved, walk you through the four simple steps you’ll need to do to get started in the real estate industry in Michigan, and then address some commonly asked questions about the process.

How Much Does It Cost to Get a Real Estate License in Michigan?

The cost of obtaining a real estate license in Michigan is around $405. This includes the cost of a 40-hour prelicensing course, which is required by the state. Several costs are constant, such as the state’s license and exam fees, however the cost of prelicensing courses (as well as optional exam study materials) will vary depending on which provider you pick.

Michigan Real Estate License Costs

Prelicensing Classes (40 Hours) $179 (throughReal Estate Express)
Exam Prep Materials $59 (throughMbition)
Michigan Real Estate License Application Fee $88
Testing Fee $79
Total Cost $405

(As of October 2021, the costs of a Michigan real estate license are as follows: Use the promo code”TheClose25″ to receive a 25 percent discount off the cost of your prelicensing education with Real Estate Express.

How to Get a Michigan Real Estate License in 4 Easy Steps

The procedure of becoming a real estate salesman in Michigan is basic and requires little effort. You must complete 40 hours of education, apply for a license with the state, pass the exam, and then locate a broker who will act as your agent while you are studying.

1. Complete a 40-Hour Prelicensing Course

Using Real Estate Express, you may save as much as $179. Expect a time commitment of 2-4 weeks. Six of the best online Michigan real estate schools is a useful resource. Prelicensing programs in Michigan are required to be taken for a total of 40 hours before you can obtain your license to sell real estate. This course will teach you the principles of real estate practice in Michigan and will prepare you to sit for the Michigan real estate licensing examination.

Among the subjects covered in prelicensing courses are the legal as well as financial elements of purchasing and selling real estate, which include the following:

  • Property ownership, land use rules and laws, valuation and market analysis, financing, general principles of agency, property disclosures, contracts, leasing, and property management are all topics covered. Transfer of ownership
  • Real estate practice is defined as follows: Calculations pertaining to real estate
  • Responsibilities and powers of the Department of Real Estate and the State Board of Real Estate Regulations concerning licensing
  • Contractual ties
  • And other state-related issues

This may appear to be a significant amount of knowledge to cover in under 40 hours. Our recommendation is to enroll in a Michigan real estate school that is recognized for breaking down complex content, as well as one that is convenient for your schedule and learning style. Do you think you learn best in a typical classroom setting where you have to engage with an instructor and your classmates? Do you require a rigid timeline to ensure that you complete the materials in a timely manner? If so, please explain.

Maintaining attendance is vital, so select a class time that is convenient for your schedule and avoid missing out on important information.

They provide day and evening sessions that are taught using a textbook.

Here are the advantages and disadvantages of taking lessons in person, through livestream, or online that allow you to study at your own speed.

Types of Instruction Pros Cons
In-person Classes
  • Setting in a traditional classroom
  • Get to know your fellow students. Access to the teacher is simple
  • Commuting and traffic congestion make on-campus programs more costly than online classes. Finding class times that are convenient for you
  • There is no need to commute. If you live far away from traditional schools, this is an excellent option. You may interact with professors in real time by asking them questions.
  • Finding lessons that are convenient for your schedule
  • There is little interaction with other students. Technology does not always perform as expected
  • For example,
  • Work at your own speed from any location with internet access
  • Attend lessons when it is most convenient for you. Option with the lowest price
  • Instructors may only be reached via email or phone
  • No other means of communication is available. There is little interaction with real estate professionals. Technology does not always perform as expected
  • For example,

Pro tip: If you are interested in finishing your programs online, we recommend Real Estate Express. Online real estate education is a booming industry, and Real Estate Express is a leader in the field. There are no hidden fees for their Michigan real estate lessons, and the information are given in a straightforward and comprehensive manner. When you use the coupon code ” TheClose25 ” at checkout, you may save 25 percent on your Michigan real estate prelicensing courses with Real Estate Express.

2. Submit an Application to the State Licensing Agency

Cost:$88 1 hour of your time is required. How to Obtain a Real Estate License in 5 Simple Steps is a useful resource. Following completion of your prelicensing programs, you will be able to submit your online application for your Michigan real estate license to the state of Michigan. It is necessary for you to create an online account with the Michigan Professional Licensing User System before you can proceed with the application process (MiPLUS). The application will cost you $88 in fees. The application cost to become a licensed real estate agent, on the other hand, may be waived in order to help qualified veterans.

It is not required to identify the broker prior to taking and passing the exam; nevertheless, you will not be issued a picture ID or become formally licensed until this stage has been successfully performed.

3. Pass the Michigan Real Estate Salesperson Exam

Cost:$79 3 hours of your time are required (arrive 30 minutes early to the testing site) A useful resource is: 7 Tips for Passing the Real Estate Practice Examination It is necessary to schedule your Michigan real estate licensing exam online after completing the 40 hours of classroom instruction and the online application.

The test is conducted by PSI, and you may pay the $79 price when you book your exam through their website. The exam is given by PSI. The exam will last around three hours. PSI’s testing centers in Michigan may be located in the following locations:

  • Dearborn, Gaylord, Grand Rapids, Holt, Marquette, and Southfield are all cities in Michigan.

You’ll have to put in some effort to prepare for your Michigan salesperson test. Exam prep material fromMbition is highly recommended for increasing the effectiveness of your study time. Their exam preparation program analyzes the answers you provide on its practice test to create a personalized study plan that will assist you in concentrating on the areas where you require the most improvement on your exam. By clicking on this link, you may save 15% on yourMbitionexam preparation materials. Your exam grade will be accessible to you soon once it has been completed.

If you do not pass the test, you will be given an individual score for each of the key portions of the exam.

4. Find a Broker to Hire You

Cost:FreeTime 2 weeks is the time commitment. What is the best real estate company to work for in 2021, according to this helpful resource? Real estate agents in Michigan are required to work under the supervision of a licensed broker. To locate a broker, begin by conducting an online search for brokerage firms in your region. You are not have to wait until you have passed the real estate licensing exam before beginning conversations with local agents. It’s also possible to submit information on the application form if you already know which brokerage you’ll be working with once you’ve obtained your complete agent’s license.

They frequently have programs in place to assist new salespeople in navigating the waters of their new career.

The brokers who work in these agencies may also be able to provide you with significant insights and assist you in making relevant connections.

Real Estate Compensation

Regardless of whether you contact a well-known advertising firm or a tiny business, you must understand how you will be reimbursed. Listed below are some questions you should ask while looking for the best brokerage firm for your specific needs: Real estate agents often receive a 3 percent commission when aiding consumers with the purchase or sale of real estate in the United States. Your broker will receive a share of the commission, with the remainder going to you. Some brokerages will require a 50/50 share of commissions, which you should be aware of.

The absence of monthly desk fees is common among brokerage firms that give an equitable portion of the profits.

Inquire about if a brokerage charges desk fees, as well as how much your monthly expenses will be.

As soon as your brokerage has made a certain amount of money based on your sales, you will be entitled to keep 100 percent of your earnings for the duration of the calendar year.

Make sure to read The Close’s in-depth look at the finest real estate brands in the country, which can be found here: What is the best real estate company to work for in 2021, according to Glassdoor?

How to Get a Michigan Real Estate License: FAQs

We know you’re eager to get started on your new real estate career, but before you do, take a minute to study some of the commonly asked questions that new real estate agents typically have about the industry and the industry itself.

What are the legal requirements to become a real estate agent in Michigan?

The state of Michigan requires that you be at least 18 years old, have a high school diploma or equivalent, and “be of good moral character” in order to become a real estate agent. A valid Social Security number is also required for this application.

How hard is the real estate exam in Michigan?

To pass the Michigan real estate test, you must correctly answer at least 70% of the questions. Unfortunately, the licensing department does not publicize the pass rates for their exams. We recommend that you use a test prep package fromMbition in order to improve your chances of passing the Michigan real estate licensing examination. By clicking on this link, you will be able to save 15% on yourMbitionexam preparation materials.

Can I get my Michigan real estate license online?

Yes, you can complete all of your Michigan real estate lessons online, without ever leaving your house or even your office. To finish your salesman exam, you will need to travel to one of the PSI exam testing locations. If you’re looking for an online real estate school in Michigan, Real Estate Express is a good choice. Hundreds of thousands of new real estate agents around the country got their start with Real Estate Express’s easy online training. You have the ability to do so as well! When you apply the coupon code ” TheClose25 ” at Real Estate Express, you will receive a 25 percent discount off the cost of your prelicensure course.

How much money does a realtor in Michigan make?

A real estate salesperson in Michigan earns an average of $70258 per year, according to the website Indeed. The compensation for real estate brokers is solely reliant on commissions, as they do not get a salary or a consistent paycheck. As their client base grows, beginning real estate agents may decide to continue working at their “day jobs.”

How long does it take to become a real estate agent in Michigan?

You may acquire your Michigan real estate license in less than three months if you work hard and study hard. You might finish your prelicensing course of study in one week, since Michigan requires real estate salespersons to complete 40 hours of prelicensing courses before they can begin selling real estate.

How much does it cost to get a Michigan real estate license?

A Michigan real estate license may be obtained for less than $500 dollars. This sum is calculated based on the application fee, the exam price, and the variable cost of your prelicensing education and exam prep materials, among other factors. When you use the coupon code ” TheClose25 ” at checkout, you may save an additional 25 percent on your Michigan real estate prelicensing courses with Real Estate Express.

What if I have a real estate license from another state?

Michigan does not have reciprocity with any other state, which means that in order to become a real estate agent in Michigan, you must complete all of the processes we outlined above (even if you are licensed in another state).

Alternatively, if you hold a Michigan real estate license, you can work as an agent in one of the following states without having to go through the complete licensing process:

  • Alabama, Alaska, Colorado, Delaware, Georgia, Kansas, Kentucky, Missouri, Nebraska, Nevada, North Carolina, Virginia, and Washington are among the states represented.

More Career Resources From The Close

To assist you in launching your real estate career, The Close offers a plethora of strategy guides, walk-throughs, interviews, and tip lists available. Subscribe to our newsletter to get our content delivered to your inbox on a consistent basis. In addition, you may network with other real estate professionals from across the world through our Facebook Mastermind Group.

Real Estate Salesperson Licensing Course (40 Hours)

In accordance with Public Act 299, persons engaged in the construction of a residential structure or a combination of residential and commercial structure, or persons engaged in the repair, alteration, addition, subtraction, or improvement of a residential structure or a combination of residential and commercial structure for a compensation other than wages for personal labor, are required to obtain a license and follow the rules and regulations.

These courses will meet the criteria for both the Individual Builder and the Maintenance and Alteration Builder licenses.

You are also responsible for ensuring that you have the most recent copy of the Michigan Residential Code Book on your person.

Michigan Real Estate Licensing Requirements

REQUIREMENTS FOR RENEWAL The deadline for renewal is October 31, 2024. Cycle of renewal: three years

How do I renew my Michigan real estate salesperson or broker license?

To complete the registration and renewal procedure, you will need to utilize a desktop computer or laptop computer.

  • Sign in to MiPLUS. Select the “Licenses” tab from the drop-down menu. Locate your License Number in the “Record Number” column of the database. To renew your license, go to the “Action” column and click on the “Renew License” option.

This Frequently Asked Questions (FAQ)document gives answers to frequently asked questions (FAQs) about the transition to the new system. You can reach us at 517-241-0199 or by email at [email protected] if you have any further questions or concerns about the transition. We look forward to hearing from you.

How much continuing education do I need to renew my Michigan real estate salesperson or broker license?

In this Frequently Asked Queries (FAQ)document, you can find answers to common questions about the transition to the new systems. Please do not hesitate to contact us at 517-241-0199 or by email at [email protected] if you have any more questions or concerns about the transition.

  • 2 hours of legal credit before October 31, 2021
  • 4 additional credits of continuing education before October 31, 2021
  • A total of at least 6 credits before the renewal date of October 31, 2021

If you were awarded a new license or relicensed on August 25, 2020, and your license or relicense is set to expire on August 25, 2022, you must do the following:

  • 4 hours of legal credit
  • 2 hours necessary for each licensing cycle year between August 25 and August 25
  • 4 hours total
  • 8 extra credits that can be taken at any time between August 25, 2020 and August 25, 2022
  • And Prior to the renewal date of August 25, 2022, you must have a total of at least 12 credits.

If you were awarded a new license or relicensed on August 25, 2020, and your license or relicense is set to expire on August 25, 2023, you must do the following:

  • 6 hours of legal credit
  • 2 hours are necessary for each licensing cycle year between August 25 and August 25
  • 6 hours total
  • The following 12 extra credits may be taken at any time between August 25, 2020 and August 25, 2023: Prior to the renewal date of August 25, 2023, you must have a total of at least 18 credits.

How often must I renew my Michigan real estate salesperson or broker license?

Between August 25th and August 25th, 6 hours of legal credit are necessary, with 2 hours required for each licensing cycle year. Between August 25, 2020 and August 25, 2023, you can earn 12 more credits. In order to renew on August 25, 2023, you must have a total of at least 18 credits.

Does my Michigan salesperson or broker prelicense course count towards continuing education?

Fee for Salesperson Application + Fee for 3-Year License:

  • New Applications are $88.00
  • Renewal Applications are $78.00
  • Relicensure Applications (expired licenses) are $108
  • And Relicensure Applications (expired licenses) are $108.

Separate Broker Application Fee plus a three-year broker licensing fee:

  • Individual Broker New Application Fee: $143.00
  • Individual Broker Relicensure Application Fee: $163.00
  • Individual Broker Renewal Fee: $108.00

Fee for opening a branch office plus a three-year licensing fee:

  • Branch Office New Application Fee: $70.00
  • Branch Office Relicensure Fee: $90.00
  • Branch Office Renewal Fee: $60

My Michigan real estate salesperson or broker license is expired, can I still renew?

Realtors who do not renew their licenses by the deadline will get a 60-day grace period. The grace period expires on December 31st of the year in which the renewal is requested. Realtors who renew their licenses during this period will be charged a $20 late fee. Realtors can renew their licenses using a paper application and a check, or they can renew online using a credit/debit card.

What happens if my Michigan real estate salesperson or broker license is expired more than 60 days?

In order to renew their licenses in Michigan, salespeople and brokers must submit reinstatement paperwork, which are available online. You will need to submit a salesperson reinstatement form and a broker reinstatement form in order to renew your license or permit. Applications from salespeople whose licenses have been expired for LESS than three years are encouraged to submit an application.

  • Six (6) hours of real estate continuing education must be completed for each year and half year that has been missed. At least 2 hours per year must be devoted to real estate laws, rules, and court decisions, and no more than that. Please do not submit completion certificates with your application. A request from the department will result in the licensee delivering the record containing the evidence in question.

In the case of applicants whose license has been lapsed for MORE than three years, please select one of the options below:

  • Obtain approval by passing the exam and submitting an online application. You must submit a certified copy of a 40-hour prelicensure course completion certificate that has been authorized and completed within the past 12 months. Provide proof of completion of six (6) hours of real estate continuing education for each year and part-year that you were absent from school. At least 2 hours per year must be spent on laws, rules, and court cases that are relevant to actual life.

BROKER: Applicants whose license has been lapsed for LESS than three years should contact a broker.

  • Six (6) hours of real estate continuing education must be completed for each year and half year that has been missed. At least 2 hours per year must be devoted to real estate laws, rules, and court decisions, and no more than that. Please do not submit completion certificates with your application. A request from the department will result in the licensee delivering the record containing the evidence in question.

In the case of applicants whose license has been lapsed for MORE than three years, please select one of the options below:

  • Real Estate Broker Examination: Pass the Real Estate Broker Examination given by PSI Services. Obtain a minimum of 90 hours of authorized prelicensure education courses, including 9 hours of civil rights legislation and equal opportunity in housing, during the 12 months immediately preceding the date of application. Six (6) hours of real estate continuing education must be completed for each year and half year that has been missed. During each year, at least 2 hours must be spent learning about real estate laws, rules, and court decisions.

If you have any questions, you may reach out to the Department of Professional Licensing at 517-241-9288.

Leave a Reply

Your email address will not be published. Required fields are marked *