Michigan Real Estate License

Definition - What does Michigan Real Estate License mean?

The Michigan Department of Licensing and Regulatory Affairs (DLRA) manages the issuing real estate licenses to salespeople and brokers within Michigan. Individuals who wish to attain a Michigan Real Estate License must take the following steps:
  • Apply for a license online through the Michigan DLRA website
  • Take and pass the license exam
  • Have an employing broker confirm a desire to employ the applicant
  • Complete a 40-hour fundamentals class
PSI Exams administers the exam. A fee of $72 is due at the time of registration for the exam. The license exam consists of 110 questions for the salesperson or broker. A number of "pretest" questions may also be present. These "pretest" questions do not count toward the final exam score, but are not marked and cannot be skipped. Applicants will pass with 70% of the questions answered correctly for the salesperson or 75% answered correctly for the broker; that is 77 correct answers for the salesperson or 84 correct answers for the broker. Exams must be completed within 180 minutes.

Testopedia explains Michigan Real Estate License

The exam covers national and Michigan specific laws and rules including the following topics:
  • Property Ownership - 5-6 questions
  • Land Use Controls and Regulations - 5 questions
  • Valuation and Market Analysis - 7-8 questions
  • Financing - 7 questions
  • Laws of Agency - 10-11 questions
  • Mandated Disclosures - 7-8 questions
  • Contracts - 10 questions
  • Transfer of Title - 4-6 questions
  • Practice of Real Estate - 11-12 questions
  • Real Estate Calculations - 5-7 questions
  • Specialty Areas - 4-5 questions
  • Duties and Powers of the Department of the Board - 3 questions
  • Statutory Requirements Governing the Activities of Licenses - 11-12 questions
  • Contractual Relationships - 6 questions
  • Additional State Topics - 5-6 questions
The Michigan real estate license expires every 3 years and requires continuing education to maintain.

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