How To Get A Real Estate License In Michigan

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How to get a real estate license in Michigan

How to Get a Real Estate License in Michigan?

Acquiring a real estate license in Michigan can be intimidating, but it's not that difficult if you're familiar with the requirements. We're here to walk you through everything you need to know, including eligibility, costs, and other fundamentals, which we will cover later in this guide.

Follow the tips highlighted here to get your Michigan real estate license.

Step-by-step guide

Real estate is becoming the current trend in today's business, and as such, obtaining your real estate license in Michigan could be the key to your career success. You will be entitled to a flexible schedule and a huge income, and you'll be able to assist others in achieving their goals of owning or selling a home.

Check out the steps below to get your license and start selling:

Step 1: Take Michigan Pre-licensing Course.

First, you will want to complete a 40-hour Michigan real estate fundamentals course which entails a minimum of 4 hours of equal opportunity housing and civil rights law course. It would help to sift through the testimonials of students who have studied the course before choosing your desired real estate education class.

Such reviews offer you insights into what to anticipate. Choose a course that provides a high satisfaction rate. You will also want to factor in the course's pass rate since some educational courses don't publicize the number of students who passed and successfully obtained their Michigan real estate license. Be sure to go with an academic curriculum that delivers high success rates.

Step 2: Real Estate License Application

After you're through with your real estate course, you can now apply for your license. Visit the Michigan Department of Licensing and Regulatory Affairs website to apply. Note that your application is valid for a year, so you can take the exam within that duration immediately after you apply.

Ideally, you'll be requested to include your employing broker on your application (optional). But it's advisable to complete the exam first and then find a broker to incorporate in your form since most of them rarely accept such an offer before taking your exams.

Step 3: Get Authorization to Sit For Your Exam

You must be duly authorized to take the real estate exam. For this reason, you will want to get the authorization to take the exam, then once approved, you will receive an email with an exam candidate number which is the key to enrolling for the exams. After that, schedule your exam.

Step 4: Pass the Michigan Licensing Exam 

Once you're authorized, schedule and take the exam, the salesperson test includes 115 questions, and the passing mark is 70%. You'll get your results immediately after finishing the exam.

Note that the exam takes 180 minutes, and you must carry two ID forms that match your name and signature before taking the exam. You can enter the exam room with a calculator, provided it's silent and battery-operated. The calculator must also not incorporate any alphabet.

Note: The test is a multiple-choice exam divided into the following segments.

  • Property ownership.
  • Land use regulations.
  • Market analysis and valuation.
  • Property disclosures.
  • Real estate calculations.
  • Basic principles of a real estate agency.

Step 5: Find a Sponsoring Broker

Lastly, it would help if an authorized Michigan employing broker sponsored you. If you already have one, ensure he confirms 48 hours prior to the exam date to ensure you get your photo-released license after passing.

You can choose whichever sponsoring broker you fancy. Check out the following aspects that agents factor in when selecting a brokerage.

  • Commission Rate

Look for an employing broker with an excellent commission rate so your commissions can be huge.

  • Niche

If you want a brokerage specializing in a niche such as commercial retail, choose one that shares that interest.

  • Culture

If the company's culture matters the most to you, get to know its background and how they operate.

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

The cost of acquiring a real estate license in Michigan depends on your chosen pre-licensing course provider. Usually, the price for this course ranges from $29 to $900, based on the school of your choice.

Other costs that apply include:

  • An examination fee of $79.
  • License renewal fee $78.
  • Application fee of $88.

How Long Does it Take to Be a Real Estate Agent in Michigan?

Since the pre-licensing course in Michigan takes only 40 hours, you can finish it within 2 to 3 weeks. This allows you to utilize the extra time to take another prep course or study harder. Most schools offer online courses, offering you the flexibility to learn at your own pace.

After completing your pre-licensing course,  you will want to register on the licensing system. If not, send a paper application via email. After registering, you'll get an email incorporating your exam candidate number within 2 to 3 days of registration. You will need to use the ID number to apply for the exam.

How Much Do Real Estate Agents Earn in Michigan?

Well, a real estate agent in Michigan earns a good amount of money which is why you need to get a license to enjoy these benefits. On average, you'll make around $58,520 annually depending on your years of experience in this field of expertise.

  • 2 to 3 years - $94,484 per year.
  • 10 years+ translates to $123,969 per year.

Agents from South Bend-Mishawaka, for example, earn around $66,610 annually. Other regions where agents make more money than the national average include Bay City (annual mean wage of $59,400) and Detroit-Warren-Dearborn, with an annual mean salary of $58,520.

Conclusion

Those are the requirements and steps to get a Michigan real estate license. You will want to go through paperwork, check boxes, and other basics to get the deal done. So once you're done with the steps highlighted in this guide, you'll have a direct ticket to your career success.

If you want to see some examples of questions that will be on the actual real estate exam, check out our free real estate practice exam. We have been named as the best real estate exam practice for 7 years in a row!

If you need to get your required educational hours done, check out our partners for online real estate education that can be done at your own pace from home or where ever you have internet access.

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