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How much is a real estate license in michigan

I. Positive Aspects of "How Much Is a Real Estate License in Michigan":

  1. Easy Accessibility: This resource provides straightforward and easily accessible information about the cost of obtaining a real estate license in Michigan.
  2. Comprehensive Information: The result should offer a comprehensive breakdown of the fees, requirements, and steps involved in obtaining a real estate license in Michigan.
  3. Up-to-Date Content: The resource should provide accurate and up-to-date information, ensuring you receive the most current details on licensing costs in Michigan.
  4. User-Friendly Format: The content is presented in a simple, easy-to-understand manner, making it suitable for individuals new to the real estate industry.

II. Benefits of "How Much Is a Real Estate License in Michigan":

  1. Cost Planning: By knowing the exact fees associated with obtaining a real estate license in Michigan, you can effectively plan your
The time it takes to get a Michigan real estate salesperson license can vary. It may take up to a few months to complete the required Pre-Licensing education, obtain candidate endorsements, find a sponsoring broker, go through the application process, and schedule and take the state licensing examination.

How much does it cost to take the MI real estate exam?

Each attempt of the Michigan real estate exam costs $79. But in order to retake the exam, you'll need to re-register and schedule a new exam attempt. This involves an application fee of $88.


Is it hard to get a realtor license in Michigan?

The real estate license requirements in Michigan are fairly easy compared to other states. You are required to complete 40 hours of prelicensing education, apply for your license, pass your exam, and once you select your sponsoring brokerage, you're on your way to a lucrative real estate career.

Is it worth being a real estate agent in Michigan?

It doesn't cost much to get your real estate license in Michigan, and your earning potential is basically unlimited. According to Indeed, the average salary of a real estate agent with one to two years of experience is $80,047! That is pretty incredible considering you don't need a pricey college degree.


How hard is Michigan real estate exam?

If it is marked “Fail,” then you will see a breakdown of your score in the different areas of the exam. If you decide to retake the exam, use this as a guide for your studies. The passing rate for the Michigan Real Estate Salesperson Exam is 70%. This test is purposefully difficult, but not impossible.

Can I transfer my real estate license to Michigan?

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.

How fast can you get your real estate license in Michigan?

How long does it take to become a real estate agent in Michigan? You can earn your Michigan real estate license in less than three months. Since Michigan requires real estate salespeople to take 40 hours of prelicensing courses, you could feasibly complete your prelicensing course of study within one week.

Frequently Asked Questions

Can you be a dual real estate agent in Michigan?

Under Michigan law, dual agency is legal and authorized, as long as there is not a conflict of interest, and both parties are aware of the dual agency.

How hard is the Michigan real estate exam?

If it is marked “Fail,” then you will see a breakdown of your score in the different areas of the exam. If you decide to retake the exam, use this as a guide for your studies. The passing rate for the Michigan Real Estate Salesperson Exam is 70%. This test is purposefully difficult, but not impossible.

How long does it take to become a real estate agent in Michigan?

The State of Michigan Department of Licensing and Regulatory Affairs (LARA) requires you, as a salesperson applicant, to complete a required 40-hour Michigan Real Estate Fundamentals course.

How much does the average realtor make in Michigan?

Real Estate Agent Salary in Michigan

Annual Salary Monthly Pay
Top Earners $113,529 $9,460
75th Percentile $90,800 $7,566
Average $70,688 $5,890
25th Percentile $59,000 $4,916

What does the average realtor make in Michigan?

Real Estate Agent Salary in Michigan

Annual Salary Monthly Pay
Top Earners $113,529 $9,460
75th Percentile $90,800 $7,566
Average $70,688 $5,890
25th Percentile $59,000 $4,916

How to get a real estate license in Michigan online?

Step 1: Complete the Michigan 40-hour real estate salespersons school course. Step 2: Create your free MiPLUS account and submit your license application. Step 3: Have your sponsoring broker confirm your employment through their own MiPLUS account. Step 4: Pass the Michigan state licensing exam.

FAQ

What does it take to become a real estate agent in Michigan?
Michigan Real Estate Salesperson License

  • Complete an approved 40 hour pre-licensure course.
  • Apply for your license from the State of Michigan.
  • Upon email notification, schedule your exam through PSI Services, LLC at an authorized testing site.
  • Confirm an employing broker sponsorship.
How much do realtors make in Michigan?
What is the average salary for a real estate agent in Michigan? The average salary for a real estate agent in Michigan is $29,500 per year. Real estate agent salaries in Michigan can vary between $16,000 to $78,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.
How long does it take to become a licensed real estate agent in Michigan?
How long does it take to become a real estate agent in Michigan? You can earn your Michigan real estate license in less than three months. Since Michigan requires real estate salespeople to take 40 hours of prelicensing courses, you could feasibly complete your prelicensing course of study within one week.
What disqualifies you from being a real estate agent in Michigan?
Convictions are reviewed on a case-by-case basis, however MCL 339.2505 states “The department shall not issue a real estate broker's license to a new applicant who has been convicted of embezzlement or misappropriation of funds.” If you are denied a license, you have the right to appeal the decision to the Board.
What is the average salary for a realtor in Michigan?
The average salary for a real estate agent in Michigan is $29,500 per year. Real estate agent salaries in Michigan can vary between $16,000 to $78,500 and depend on various factors, including skills, experience, employer, bonuses, tips, and more.
What do I need to become a real estate agent in Michigan?
Steps to obtaining your Michigan Real Estate Salesperson License:

  1. Complete an approved 40 hour pre-licensure course.
  2. Apply for your license from the State of Michigan.
  3. Upon email notification, schedule your exam through PSI Services, LLC at an authorized testing site.
  4. Confirm an employing broker sponsorship.

How much is a real estate license in michigan

How much does a beginner real estate agent make in Michigan? Real Estate Agent Entry Level Salary in Michigan. $59,000 is the 25th percentile. Salaries below this are outliers. $90,800 is the 75th percentile.
How do I get my Michigan real estate license? To earn your real estate license in Michigan, you must be at least 18 years old, complete 40 hours of approved education, submit an exam application and receive authorization to test, pass the Michigan real estate salesperson licensing exam, and secure employment with a sponsoring broker.
What are the different types of real estate license in Michigan? There are three real estate sales license types in Michigan: “real estate broker,” “associate real estate broker,” and “real estate salesperson.” In this article we will focus on these three real estate sale license types.
How do I verify a realtor in Michigan? If you want to see whether your real estate agent is licensed or not, you can effortlessly find it out. You should visit the official website of the Department of Licensing and Regulatory Affairs.
Is Michigan a real estate license reciprocity? A: No. Michigan does not offer reciprocity with any other state.
How hard is it to become a real estate agent in Michigan? The real estate license requirements in Michigan are fairly easy compared to other states. You are required to complete 40 hours of prelicensing education, apply for your license, pass your exam, and once you select your sponsoring brokerage, you're on your way to a lucrative real estate career.
  • Do realtors make good money in Michigan?
    • Real Estate Agent Salary in Michigan. $59,000 is the 25th percentile. Salaries below this are outliers. $90,800 is the 75th percentile.
  • How many hours do you need to get a real estate license in Michigan?
    • 40 hour

      Michigan Real Estate Salesperson License

      To get started you will need to complete a 40 hour pre-licensure course consisting of real estate fundamentals from an approved pre-licensure instructor.

  • Do you need a highschool diploma to be a real estate agent in Michigan?
    • Do you need high school diploma for real estate license in Michigan? No, you are not required to hold a high school diploma (or its equivalent) in order to obtain a Michigan real estate salesperson's license.
  • Do you need a college degree to be a real estate agent in Michigan?
    • Everyone starts on an equal playing field in real estate, regardless of whether or not you have a bachelor's degree. That's because of Michigan's pre-licensing course requirements. Unless you have a bachelor's degree in a specific field, you'll need to take the 40 hours of education.
  • Where do I get my real estate license in Michigan?
    • Start the application.

      To apply for your Michigan real estate license with the Michigan Department of Licensing and Regulatory Affairs (LARA), click here. You'll receive an email providing you with an exam candidate ID number that is required to register for the exam.

  • Where can I take the Michigan real estate exam?
    • Where to take real estate exam in Michigan? You must take the Michigan state licensing exam at a PSI testing center. There are seven PSI locations within the state of Michigan. However, you can take the state exam at any PSI testing center throughout the country.

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