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Become A Real Estate Agent In Michigan
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.
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.
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.
This portion of our website has been created for information purposes
only. It is our belief that all information presented here is accurate
as of today, however each state is constantly striving to protect
the public and provide more quality service to those using the services
of a Real Estate Agent. Change in Real Estate laws and regulations
is inevitable. The information presented here should be considered
a starting point and we encourage everyone to fully research any
information you are seeking.
To further assist you, we have included links to each state's
real estate licensing office, and also to the state's local Association
of Realtors site that provides current information on proposed real
estate license regulations in that area.
If you do find an error or have updated information, please contact
us and we will update our information accordingly.
