27 Apr A Comprehensive Guide to Real Estate Licensing in Michigan
Are you considering a career in real estate and looking to become a real estate agent in Michigan? Then you’ve come to the right place!
In this guide, we will provide a step-by-step guide to obtaining your real estate licensing in Michigan. We’ll walk you through the process, from meeting the initial requirements to passing the exam and maintaining your license. Let’s dive in!
Check the basic requirements
To begin your journey towards a successful real estate career, you must meet certain basic requirements for real estate licensing in Michigan. These include:
- Being at least 18 years old
- Having a high school diploma or GED
- Having no criminal convictions related to the practice of real estate
If you meet these requirements, you can proceed to the next step.
Complete the required pre-license education
Before you can apply for a real estate salesperson license, you need to complete 40 hours of pre-license education from an approved real estate school. The curriculum must cover the following topics:
- Michigan real estate law and rules
- Contract law
- Agency law
- Real estate financing
- Property valuation
- Fair housing laws
- Other topics pertinent to real estate practice
Make sure to select a school approved by the Michigan Department of Licensing and Regulatory Affairs (LARA) to ensure your education is recognized by the state.
Take the Michigan real estate salesperson exam
After completing the required pre-license education, you must pass the Michigan real estate salesperson exam. Administered by PSI Exams, the test consists of two parts: a national section and a state-specific section. Both sections require a score of at least 70% to pass.
It’s essential to prepare well for the exam, as the real estate licensing process in Michigan depends on your success. Utilize study materials, practice exams, and any additional resources provided by your pre-license education provider.
Apply for your real estate salesperson license
Once you pass the exam, you can apply for your real estate salesperson license. You’ll need to submit your application through the Michigan LARA website. Be prepared to provide the following information:
- Personal information and background
- Proof of pre-license education completion
- Examination results
- License fee payment
After submitting your application, LARA will review it and, if approved, issue your real estate salesperson license.
Find a sponsoring broker
Before you can practice as a real estate agent in Michigan, you must work under the supervision of a licensed real estate broker. Your sponsoring broker will be responsible for overseeing your real estate transactions and providing guidance as you develop your skills.
Take the time to research potential sponsoring brokers in your area, focusing on factors such as reputation, training, and support. It’s important to find a broker who aligns with your career goals and professional values.
We know some GREAT sponsoring brokers in Michigan who hire and train new agents. Contact us if you need some suggestions and we’ll pass them along.
Maintain your real estate license
To keep your real estate license active in Michigan, you must complete 18 hours of continuing education every three years. The curriculum should include:
- 6 hours of legal updates and new rules
- 12 hours of elective courses related to real estate practice
Additionally, you’ll need to renew your real estate salesperson license every three years by submitting a renewal application and fee to LARA.
Obtaining real estate licensing in Michigan requires dedication, effort and persistence. By following the steps outlined in this guide, you can achieve your goal of becoming a real estate agent in Michigan. Remember to focus on education, exam preparation, and finding a supportive broker to help you grow and succeed in your real estate career.