What is required to get a license in Michigan?
For salespersons:
- Proof of age 18 and above.
- Proof of completion of 40 hours of pre license education.
- 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.
- Fees: Examination Fees (Salesperson: $85). License (Salesperson: please check this document to identify your fee, values range from $40 to $90)
For brokers and associate brokers:
- Proof of age 18 and above.
- Proof of completion of 90 hours of pre license education.
- You must have at least 3 years experience as a real estate salesperson or in a field related to real estate (licensed builder, investor, land or condominium developer, loan or trust officer of a federal or state-regulated depository institution, loan or trust officer of a mortgage company, real estate office of a corporation, title insurance company officer engaged in the closing of escrow accounts and real estate closings, a staff or real property appraiser).
- Complete and submit an application.
- Complete and pass the real estate examination.
- You must have a valid social security number.
- Fees: Examination Fees (Broker: $76). License (broker: check the application form to identify your rate, values range from $80 to $200).
What score do I need to pass?
The salesperson exam consists of 115 questions. To pass, you must answer correctly at least 70% of the questions.
The broker and associate broker exam consists of 120 questions. To pass, you must answer correctly at least 75% of the questions.
You will receive your score immediately after you complete your exam.
How much time do I have to complete the exam?
For the salesperson exam: you are allowed a total of 180 minutes.
For the broker and associate broker exam: you are allowed a total of 210 minutes.
What should I bring with me for the exam?
- 2 Forms of identification with matching names, non-expired and containing a valid signature. (Driver’s license, passport, green card, U.S. social security card, debit or credit card with signature). One of them must be government issued and photo bearing.
- You may bring a calculator which must be battery operated, silent and should not contain the alphabet.
What is the format of the exam?
The exam is given on a computer.
What is on the exam?
The national portion of the multiple choice exam consists of the following sections:
- Property Ownership
- Land use controls and regulations
- Valuation and market analysis
- Financing
- General principles of agency
- Property condition and disclosures
- Contracts
- Transfer of title
- Real estate calculations
- Specialty areas
The state-specific portion of the multiple choice exam consists of the following sections:
- Duties and Powers of the Department and the State Board of Real Estate
- Licensing Requirements
- Statutory Requirements Governing the Activities of Licenses
- Contractual Relationships
- Additional Topics