Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Michigan or anyone looking to become a real estate agent or realtor in Michigan. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more..
The Michigan Department of Labor & Economic Growth officially took over the supervision of the Michigan State Board of Real Estate Brokers and Salespersons on December 8, 2003. There are approximately 39,500 real estate salespersons, 9,300 associate real estate brokers and 11,800 real estate brokers in the state.
The requirements for a real estate salesperson license in Michigan include being at least 18 years of age when applying. Applicants are required to successfully complete 40 hours of approved prelicense courses before taking the examination. Once licensed, the salesperson needs to complete 6 hours of continuing education each year. During the three year license renewal period this will equal 18 hours of continuing education. No previous experience is required to apply for the salesperson license. Applicants must successfully pass the real estate exams, be of good moral character, and provide a letter of good standing from any other state that they have held a real estate license in.
The requirements for a real estate broker license in Michigan include being at lest 18 years of age and having at least three years full time experience as a real estate salesperson, or the equivalent experience, and must be of good moral character.
Michigan Real Estate License
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Applicants for a real estate broker license need to complete at least 90 hours of
approved real estate education courses within 36 months of applying for their license. Once licensed, the licensee needs to complete at least 6 hours of
continuing education each year. Thus, during the regular three-year renewal period the licensee will need 18 hours of courses. Individuals may be licensed as an individual broker, which denotes operating as a sole proprietorship, or as an associate broker who qualifies as a broker but is licensed to work under another broker.
There is no reciprocity between Michigan and any other states. All applicants must meet the full Michigan requirements.
Approved prelicensure real estate course locations and the courses they offer can be viewed online.
Approved continuing education classroom schools are located throughout the state, and you can also view approved online continuing education schools
online.
The real estate examinations are administered electronically by Applied Measurement Professionals, Inc. (
AMP) of Lenexa, Kansas. Applicants receive their score reports within two weeks of taking the exams.
The license application
forms for all agents can be printed online.
The 3-year license fee for a new broker or associate broker is $143.00 and for a salesperson is $88.00. The renewal fee for a broker or associate broker is $108.00 and for a salesperson the fee is $78.00.
Both real estate broker licenses and salesperson licenses expire on October 31st. They are valid for a three-year period. An agent may renew an agent license between November 1 and December 30 by paying a late penalty in addition to the regular renewal fee. They may not legally practice until the fees are paid and continuing education courses are completed.
Real estate careers are enhanced by membership in the many organizations that provide services for the professional agent. Those holding a real estate license usually join organizations like the
Michigan Association of Realtors, the National Association of Real Estate Brokers (
http://www.nareb.com) (NAREB), and the Association of Real Estate License Law Officials (
http://www.arello.org) (ARELLO). The National Association of Realtors (
http://www.realtor.org) (NAR), the world's largest professional association, assists many in locating real estate jobs within the industry. These organizations are also excellent resources for networking and real estate education.
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