How difficult is it to become a real estate agent in Michigan? Michigan is more lenient when it comes to the requirements to become a real estate agent. Only 40 hours of prelicensing education are required, unlike some other states like Texas, where the requirements are 180 hours.
Obtaining a Michigan Real Estate Broker License Once you are ready to obtain a broker license, you will need to complete 90 clock hours of approved coursework required within 36 months of application, unless licensed continuously and pass an exam administered by PSI Services, LLC.
You must be of good moral character.Complete 40 hours of approved Pre-Licensing education. Successfully complete an approved 40 clock-hour Pre-Licensing course. ... Pass the course final exam. ... Select a sponsoring broker. ... Start the application. ... Pass the Michigan real estate examination. ... Receive your license.
A: No. Michigan does not offer reciprocity with any other state. An applicant for Michigan Real Estate Salesperson or Broker license must meet education, experience and examination requirements in place as of the date the application is submitted.
The average salary for a real estate agent is $79,598 per year in Michigan.
$79Pass the Michigan Real Estate License Exam The exam is administered through PSI, and the fee of $79 can paid when you schedule your exam through their website. The exam takes about three hours.
The major difference between brokers and agents is work independence. A broker has the qualifications to own or manage a brokerage. They have the license to manage real estate and employ real estate agents to sell houses. In contrast, real estate agents can't operate independently.
Steps to Getting a Michigan Real Estate License Online Complete the LARA-Approved 40-hour real estate pre-licensing course. Line up a sponsoring real estate broker - you can do this before or after passing the exam. Submit a real estate license application online through the MiPLUS system.
2-5 monthsOn average, it takes anywhere from 2-5 months to complete real estate school and earn a real estate license. However, this can vary depending on your state's licensing requirements and application process and whether you choose an online real estate school or traditional classroom courses.
Florida offers real estate reciprocity, known as “mutual recognition agreements' with eight states: Alabama, Arkansas, Connecticut, Georgia, Illinois, Mississippi, Nebraska and Rhode Island. Florida does not require you to take the entire state exam, just a 40-question test regarding Florida real estate law.
The 39 states practicing CPL reciprocity with Michigan include: Alabama, Alaska, Arizona, Arkansas, Colorado, Delaware, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Mississippi, Missouri, Minnesota, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Carolina, North Dakota, Ohio, ...
Passing the Michigan real estate examPick the right education provider. Your 40 hours of pre-license education should give you all the info you need to ace your exam. ... Time your education right. ... Read the PSI bulletin. ... Take practice tests. ... Know you only need a C.