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Michigan Real Estate Broker — Requirements & Free Practice

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Licenses, application pathways and examination requirements

Each license and applicant pathway has its own requirements and exemptions. Choosing practice questions does not determine your eligibility.

Real Estate Branch Office

Additional business-location license of an individual broker or broker company.

Licensing authority: Michigan Department of Licensing and Regulatory Affairs, Bureau of Professional Licensing · Application information

Initial branch office license
No examination is required for this applicant pathway.
Broker
Applicant holds an individual broker or broker-company license; location is an additional Michigan business office.
Location
Each additional place of business needs branch license; apply through broker license Modification in MiPLUS.
Lower rank board instruction
January 26, 2026 company guide states: "If that location is 25 miles or more away, the branch office must be under the direct supervision of an associate broker." The controlling statute specifies more than 25 miles from the municipality boundary.
Supervision
MCL 339.2505(3) requires associate broker direct supervision when branch is more than 25 miles from nearest boundary of main-office municipality.
Term
Branch license expires with broker license; change of branch address requires a new branch license.

Official no-examination sources

Effective from 2026-09-22.

Branch office relicensure
No examination is required for this applicant pathway.
Parent
Automatically relicensed with parent individual broker or broker company unless removed; applicable branch relicensure fee.

Official no-examination sources

Effective from 2026-09-22.

Branch office renewal
No examination is required for this applicant pathway.
Parent
Automatically renewed with parent broker license unless removed; applicable branch renewal fee.

Official no-examination sources

Effective from 2026-09-22.

Real Estate Broker Company

Business-entity broker license represented by a licensed principal associate broker.

Licensing authority: Michigan Department of Licensing and Regulatory Affairs, Bureau of Professional Licensing · Application information

Initial broker company licensure
Michigan Real Estate Broker Examination
Application
MiPLUS application, designated licensed principals, addresses and fees.
Entity
Business entity described in MCL 339.2508(1); application executed by a principal.
Location
Maintain a physical Michigan place of business; register each additional location as branch office.
Principals
Every control person performing regulated acts as principal must hold a principal associate broker license; principals meet broker education, experience, character and examination requirements.
Company reinstatement after revocation
Michigan Real Estate Broker Examination
Application
MiPLUS application, designated licensed principals, addresses and fees.
Board instruction
Company guide FAQ 14 states three years after revocation before applying.
Entity
Business entity described in MCL 339.2508(1); application executed by a principal.
Location
Maintain a physical Michigan place of business; register each additional location as branch office.
Petition
Board and Department review of reinstatement petition and evidence of competent lawful service; satisfy any imposed conditions.
Principals
Every control person performing regulated acts as principal must hold a principal associate broker license; principals meet broker education, experience, character and examination requirements.
Company relicensure after lapse
No examination is required for this applicant pathway.
Application
Application processing, late renewal and upcoming license fees; designate a licensed principal under MCL 339.2505(1)(d).
Branches
Associated branch licenses automatically relicensed unless removed.

Official no-examination sources

Effective from 2026-09-22.

Removal of a license limitation
No examination is required for this applicant pathway.
Review
Petition within thirty days after limitation imposed; Department and Board determine applicant can competently perform every occupational function without limitation.

Official no-examination sources

Effective from 2026-09-22.

Company license renewal
No examination is required for this applicant pathway.
Application
MiPLUS renewal, fees, maintain licensed principals and Michigan business location; branch offices renew automatically unless removed.
Cycle
Three years.

Official no-examination sources

Effective from 2026-09-22.

Real Estate Broker Company License with a Limitation

A real estate broker's license issued to a business entity may have a limitation imposed with board approval or if the board neither approves nor disapproves within 60 days; review is available under section 519.

Licensing authority: Department of Licensing and Regulatory Affairs · Application information

Licensure with a limitation
Michigan Real Estate Broker Examination
Limitation
Practice only within limitation; petition review available under MCL 339.519.
Qualification
Meet underlying license requirements except any expressly approved case-specific relief; the Department may impose a limitation with Board approval or absent a response within sixty days.
Underlying identity
Real Estate Broker Company
Reinstatement of limited broker company license
Michigan Real Estate Broker Examination
Limitation
Department and Board determine applicable limitations.
Petition
Petition Department and Board with evidence of competent lawful service; satisfy conditions and pay fees.
Principals
Designate qualified licensed principals; broker examination requirement relates to principals.
Relicensure of limited broker company license
No examination is required for this applicant pathway.
Application
Pay application processing, late renewal and license fees and designate licensed principal.
Limitation
Department and Board determine applicable limitations.

Official no-examination sources

Effective from 2026-09-22.

Renewal with a limitation
No examination is required for this applicant pathway.
Continuing education
Individual broker/associate renewal requires applicable continuing education; company maintains licensed principals.
Renewal
Meet underlying renewal conditions and pay fees; Department may renew with limitation subject to Board approval or absent response within thirty days.

Official no-examination sources

Effective from 2026-09-22.

Temporary Real Estate Broker License

Discretionary, nonrenewable temporary license subject to board approval and statutory termination events.

Licensing authority: Michigan Department of Licensing and Regulatory Affairs, Bureau of Professional Licensing · Application information

Temporary licensure pending examination
Michigan Real Estate Broker Examination
Discretion
Temporary status does not certify permanent qualification; examination belongs to the underlying broker-licensure process.
Eligibility
Applicant for licensure or transfer under Article 25 who has no prior denial, revocation or suspension; Board approval required.
Termination
Nonrenewable; terminates on next exam/evaluation results, issuance of license, next examination date if applicant does not sit, unmet requirements or change of employment.
Underlying identity
Real Estate Broker Company

Real Estate Individual Broker

The Real Estate Individual Broker license allows a licensee to engage in the sale of real estate.

Licensing authority: Michigan Department of Licensing and Regulatory Affairs, Bureau of Professional Licensing · Application information

Licensure by examination
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Place of business
Maintain a physical place of business in Michigan.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
Licensure by examination after foreign education or training
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Foreign education
Education or training received outside the United States; the guide applies the same qualifying education, experience and PSI examination requirements.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Place of business
Maintain a physical place of business in Michigan.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
Military, veteran or dependent endorsement without examination
No examination is required for this applicant pathway.
Discipline
No revocation or voluntary surrender during investigation; unresolved discipline or pending complaints/investigations suspend the application until resolved.
Military status
Armed-forces/uniformed-services member, veteran, or dependent of a member or veteran.
Other license
Valid substantially equivalent or higher license in this occupation, in good standing and held at least one year; the issuing state verifies minimum education and experience; any examination required by that other state must have been passed and remains an applicant condition, not a Michigan examination.
Other requirements
Pay fees; good moral character; occupation age requirement; no issuance if it would violate federal oversight/licensing guidelines.
Place of business
Maintain a physical place of business in Michigan.

Official no-examination sources

Effective from 2026-09-22.

Licensure using out of state licensed experience
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Experience credit
R 339.22115(a): one year credit for each year an individual holding an out-of-state real-estate license closed five or more transactions; Michigan qualifying requirements still apply.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Place of business
Maintain a physical place of business in Michigan.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
New licensure following revocation
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Petition
Apply, pay fees and petition Department and Board with evidence of competent lawful service as MCL 339.411(5) prescribes.
Place of business
Maintain a physical place of business in Michigan.
Revocation
Wait at least three years after service of the final revocation order; meet all education and examination requirements then in effect; no credit for pre-revocation education, experience or examinations.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
Relicensure following continuous salesperson licensure
No examination is required for this applicant pathway.
Continuous license
Continuously licensed as a real-estate salesperson since that lapse; Department may relicense without examination.
Place of business
Maintain a physical place of business in Michigan.
Previous license
Previously held a Michigan broker or associate broker license that lapsed.

Official no-examination sources

Effective from 2026-09-22.

Relicensure after failure to renew within three years
Michigan Real Estate Broker Examination
Alternative to examination
MCL 339.2502a(5): instead of the broker examination, applicant may submit six CE hours for each elapsed year/partial year, or 90 prelicensure hours completed in the preceding twelve months. The current exam remains involved as the named third alternative.
Discipline
Resolve unsatisfied disciplinary penalties or conditions.
Fees
Application processing, late renewal and upcoming license fees.
Lapse
Failure to renew within three years; Board guide describes this as lapsed three years or more.
Place of business
Maintain a physical place of business in Michigan.
Relicensure within three years of expiration
No examination is required for this applicant pathway.
Continuing education
Six hours for every elapsed year and partial year; applicable law and fair-housing topics.
Discipline
Resolve unsatisfied disciplinary penalties or conditions.
Fees
Application processing, late renewal and upcoming per-year license fees.
Lapse
Apply within three years after last license expiration.
Place of business
Maintain a physical place of business in Michigan.

Official no-examination sources

Effective from 2026-09-22.

Removal of a license limitation
No examination is required for this applicant pathway.
Review
Petition within thirty days after limitation imposed; Department and Board determine applicant can competently perform every occupational function without limitation.

Official no-examination sources

Effective from 2026-09-22.

Renewal, including late renewal within sixty days
No examination is required for this applicant pathway.
Application
Apply and pay renewal fees; renewal cycle is three years. Late renewal is permitted within 60 days with late fee.
Continuing education
18 hours per cycle; each year at least 2 hours of real-estate laws/rules/cases and 1 hour of fair-housing compliance; retain evidence at least four years.
Place of business
Maintain a physical place of business in Michigan.
Waiver
Continuing education may be waived for the causes and application procedure in MCL 339.204(2) and R 339.22163.

Official no-examination sources

Effective from 2026-09-22.

Licensure with unavailable foreign records
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Place of business
Maintain a physical place of business in Michigan.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
Unavailable records
Board and Department approval; submit approved notarized education/employment affidavit and approved governmental statement that foreign records are unavailable; MCL 339.214 allows taking the examination or applying for a reciprocal license, subject to approval.

Real Estate Individual Broker License with a Limitation

An individual real estate broker's license may be issued with a limitation approved by the board or imposed after 60 days without board approval or disapproval; review is available under section 519.

Licensing authority: Department of Licensing and Regulatory Affairs · Application information

Limited relicensure following continuous salesperson licensure
No examination is required for this applicant pathway.
Limitation
Department may grant relicensure without examination and determine applicable limitations.
Previous license
Broker or associate broker license lapsed; continuously licensed salesperson since lapse.

Official no-examination sources

Effective from 2026-09-22.

Licensure with a limitation
Michigan Real Estate Broker Examination
Limitation
Practice only within limitation; petition review available under MCL 339.519.
Qualification
Meet underlying license requirements except any expressly approved case-specific relief; the Department may impose a limitation with Board approval or absent a response within sixty days.
Underlying identity
Real Estate Individual Broker
Limited licensure following revocation
Michigan Real Estate Broker Examination
Limitation
Department and Board determine applicable limitations.
Revocation
At least three years after service of final revocation order; current educational and examination requirements; no pre-revocation education, experience or examination credit.
Relicensure of limited license after failure to renew within three years
Michigan Real Estate Broker Examination
Alternatives
Broker examination, or six CE hours per elapsed year and partial year, or 90 approved prelicensure hours within twelve months before application.
Lapse
Failed to renew within three years.
Limitation
Department and Board determine applicable limitations.
Relicensure of limited license within three years
No examination is required for this applicant pathway.
Education
Six continuing education hours for every elapsed year and partial year.
Lapse
Apply within three years of expiration; pay required processing, late and license fees.
Limitation
Existing or reimposed limitations remain subject to Department and Board decision.

Official no-examination sources

Effective from 2026-09-22.

Renewal with a limitation
No examination is required for this applicant pathway.
Continuing education
Individual broker/associate renewal requires applicable continuing education; company maintains licensed principals.
Renewal
Meet underlying renewal conditions and pay fees; Department may renew with limitation subject to Board approval or absent response within thirty days.

Official no-examination sources

Effective from 2026-09-22.

Temporary Real Estate Individual Broker License

Temporary licensure for an individual real estate broker; the discretionary temporary license is nonrenewable and ends upon specified statutory events.

Licensing authority: Department of Licensing and Regulatory Affairs · Application information

Temporary military dependent endorsement
No examination is required for this applicant pathway.
Military status
Dependent of armed-forces or uniformed-services member or veteran.
Other license
Current good-standing equivalent occupational license or registration from another United States state or foreign country.
Term
Six months; Department may renew once for six months if qualifications continue and more time needed for Michigan initial licensure; may impose limitations.

Official no-examination sources

Effective from 2026-09-22.

One time renewal of temporary military dependent license
No examination is required for this applicant pathway.
Continued eligibility
Department determines the military-dependent licensee continues to meet MCL 339.213(2) and needs more time for Michigan initial licensure.
Term
One additional six-month term only.

Official no-examination sources

Effective from 2026-09-22.

Temporary licensure pending examination
Michigan Real Estate Broker Examination
Discretion
Temporary status does not certify permanent qualification; examination belongs to the underlying broker-licensure process.
Eligibility
Applicant for licensure or transfer under Article 25 who has no prior denial, revocation or suspension; Board approval required.
Termination
Nonrenewable; terminates on next exam/evaluation results, issuance of license, next examination date if applicant does not sit, unmet requirements or change of employment.
Underlying identity
Real Estate Individual Broker

Non-Principal Associate Real Estate Broker

Associate broker license identity with nonprincipal role.

Licensing authority: Michigan Department of Licensing and Regulatory Affairs, Bureau of Professional Licensing · Application information

Return from abeyance following sole principal death or disability
No examination is required for this applicant pathway.
Abeyance
One year after sole principal death/disability affiliated licenses go into abeyance pending replacement sole principal or new employer and new license; same-term replacement without charge. Deceased/disabled principal license cannot enter new transactions.

Official no-examination sources

Effective from 2026-09-22.

Return from abeyance after employing broker lapse
No examination is required for this applicant pathway.
Abeyance
Affiliated license held in abeyance until employer relicensure or change of employer and new license; replacement issued without charge in same term.

Official no-examination sources

Effective from 2026-09-22.

Licensure by examination
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Role
Associate broker serving as employee or independent contractor without principal designation.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
Licensure by examination after foreign education or training
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Foreign education
Education or training received outside the United States; the guide applies the same qualifying education, experience and PSI examination requirements.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Role
Associate broker serving as employee or independent contractor without principal designation.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
Military, veteran or dependent endorsement without examination
No examination is required for this applicant pathway.
Discipline
No revocation or voluntary surrender during investigation; unresolved discipline or pending complaints/investigations suspend the application until resolved.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Military status
Armed-forces/uniformed-services member, veteran, or dependent of a member or veteran.
Other license
Valid substantially equivalent or higher license in this occupation, in good standing and held at least one year; the issuing state verifies minimum education and experience; any examination required by that other state must have been passed and remains an applicant condition, not a Michigan examination.
Other requirements
Pay fees; good moral character; occupation age requirement; no issuance if it would violate federal oversight/licensing guidelines.
Role
Associate broker serving as employee or independent contractor without principal designation.

Official no-examination sources

Effective from 2026-09-22.

Licensure using out of state licensed experience
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Experience credit
R 339.22115(a): one year credit for each year an individual holding an out-of-state real-estate license closed five or more transactions; Michigan qualifying requirements still apply.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Role
Associate broker serving as employee or independent contractor without principal designation.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
New licensure following revocation
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Petition
Apply, pay fees and petition Department and Board with evidence of competent lawful service as MCL 339.411(5) prescribes.
Revocation
Wait at least three years after service of the final revocation order; meet all education and examination requirements then in effect; no credit for pre-revocation education, experience or examinations.
Role
Associate broker serving as employee or independent contractor without principal designation.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
Relicensure following continuous salesperson licensure
No examination is required for this applicant pathway.
Continuous license
Continuously licensed as a real-estate salesperson since that lapse; Department may relicense without examination.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Previous license
Previously held a Michigan broker or associate broker license that lapsed.
Role
Associate broker serving as employee or independent contractor without principal designation.

Official no-examination sources

Effective from 2026-09-22.

Relicensure after failure to renew within three years
Michigan Real Estate Broker Examination
Alternative to examination
MCL 339.2502a(5): instead of the broker examination, applicant may submit six CE hours for each elapsed year/partial year, or 90 prelicensure hours completed in the preceding twelve months. The current exam remains involved as the named third alternative.
Discipline
Resolve unsatisfied disciplinary penalties or conditions.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Fees
Application processing, late renewal and upcoming license fees.
Lapse
Failure to renew within three years; Board guide describes this as lapsed three years or more.
Role
Associate broker serving as employee or independent contractor without principal designation.
Relicensure within three years of expiration
No examination is required for this applicant pathway.
Continuing education
Six hours for every elapsed year and partial year; applicable law and fair-housing topics.
Discipline
Resolve unsatisfied disciplinary penalties or conditions.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Fees
Application processing, late renewal and upcoming per-year license fees.
Lapse
Apply within three years after last license expiration.
Role
Associate broker serving as employee or independent contractor without principal designation.

Official no-examination sources

Effective from 2026-09-22.

Removal of a license limitation
No examination is required for this applicant pathway.
Review
Petition within thirty days after limitation imposed; Department and Board determine applicant can competently perform every occupational function without limitation.

Official no-examination sources

Effective from 2026-09-22.

Renewal, including late renewal within sixty days
No examination is required for this applicant pathway.
Application
Apply and pay renewal fees; renewal cycle is three years. Late renewal is permitted within 60 days with late fee.
Continuing education
18 hours per cycle; each year at least 2 hours of real-estate laws/rules/cases and 1 hour of fair-housing compliance; retain evidence at least four years.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Role
Associate broker serving as employee or independent contractor without principal designation.
Waiver
Continuing education may be waived for the causes and application procedure in MCL 339.204(2) and R 339.22163.

Official no-examination sources

Effective from 2026-09-22.

Replacement after employing broker license revocation
No examination is required for this applicant pathway.
Employer revocation
Affiliated associate licenses are automatically suspended pending change of employer and issuance of a new license; replacement is without charge during the original license term.

Official no-examination sources

Effective from 2026-09-22.

Transfer to a new employing broker
No examination is required for this applicant pathway.
Existing license
Current nonprincipal associate broker license; apply through MiPLUS Transfer or Employing Broker Notification; principal associate broker licenses are not transferable.

Official no-examination sources

Effective from 2026-09-22.

Licensure with unavailable foreign records
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Role
Associate broker serving as employee or independent contractor without principal designation.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
Unavailable records
Board and Department approval; submit approved notarized education/employment affidavit and approved governmental statement that foreign records are unavailable; MCL 339.214 allows taking the examination or applying for a reciprocal license, subject to approval.

Non-Principal Associate Real Estate Broker License with a Limitation

Associate real estate broker license for a nonprincipal, issuable with a department-imposed limitation with board approval or after 60 days without board approval or disapproval.

Licensing authority: Department of Licensing and Regulatory Affairs · Application information

Limited relicensure following continuous salesperson licensure
No examination is required for this applicant pathway.
Limitation
Department may grant relicensure without examination and determine applicable limitations.
Previous license
Broker or associate broker license lapsed; continuously licensed salesperson since lapse.

Official no-examination sources

Effective from 2026-09-22.

Licensure with a limitation
Michigan Real Estate Broker Examination
Limitation
Practice only within limitation; petition review available under MCL 339.519.
Qualification
Meet underlying license requirements except any expressly approved case-specific relief; the Department may impose a limitation with Board approval or absent a response within sixty days.
Underlying identity
Non-Principal Associate Real Estate Broker
Limited licensure following revocation
Michigan Real Estate Broker Examination
Limitation
Department and Board determine applicable limitations.
Revocation
At least three years after service of final revocation order; current educational and examination requirements; no pre-revocation education, experience or examination credit.
Relicensure of limited license after failure to renew within three years
Michigan Real Estate Broker Examination
Alternatives
Broker examination, or six CE hours per elapsed year and partial year, or 90 approved prelicensure hours within twelve months before application.
Lapse
Failed to renew within three years.
Limitation
Department and Board determine applicable limitations.
Relicensure of limited license within three years
No examination is required for this applicant pathway.
Education
Six continuing education hours for every elapsed year and partial year.
Lapse
Apply within three years of expiration; pay required processing, late and license fees.
Limitation
Existing or reimposed limitations remain subject to Department and Board decision.

Official no-examination sources

Effective from 2026-09-22.

Renewal with a limitation
No examination is required for this applicant pathway.
Continuing education
Individual broker/associate renewal requires applicable continuing education; company maintains licensed principals.
Renewal
Meet underlying renewal conditions and pay fees; Department may renew with limitation subject to Board approval or absent response within thirty days.

Official no-examination sources

Effective from 2026-09-22.

Temporary Non-Principal Associate Real Estate Broker License

Eligible applicants may receive a discretionary, nonrenewable temporary license subject to statutory termination conditions.

Licensing authority: Department of Licensing and Regulatory Affairs · Application information

Temporary military dependent endorsement
No examination is required for this applicant pathway.
Military status
Dependent of armed-forces or uniformed-services member or veteran.
Other license
Current good-standing equivalent occupational license or registration from another United States state or foreign country.
Term
Six months; Department may renew once for six months if qualifications continue and more time needed for Michigan initial licensure; may impose limitations.

Official no-examination sources

Effective from 2026-09-22.

One time renewal of temporary military dependent license
No examination is required for this applicant pathway.
Continued eligibility
Department determines the military-dependent licensee continues to meet MCL 339.213(2) and needs more time for Michigan initial licensure.
Term
One additional six-month term only.

Official no-examination sources

Effective from 2026-09-22.

Temporary licensure pending examination
Michigan Real Estate Broker Examination
Discretion
Temporary status does not certify permanent qualification; examination belongs to the underlying broker-licensure process.
Eligibility
Applicant for licensure or transfer under Article 25 who has no prior denial, revocation or suspension; Board approval required.
Termination
Nonrenewable; terminates on next exam/evaluation results, issuance of license, next examination date if applicant does not sit, unmet requirements or change of employment.
Underlying identity
Non-Principal Associate Real Estate Broker

principal associate broker

Associate broker license identity with principal role.

Licensing authority: Bureau of Professional Licensing · Application information

Return from abeyance following sole principal death or disability
No examination is required for this applicant pathway.
Abeyance
One year after sole principal death/disability affiliated licenses go into abeyance pending replacement sole principal or new employer and new license; same-term replacement without charge. Deceased/disabled principal license cannot enter new transactions.

Official no-examination sources

Effective from 2026-09-22.

Return from abeyance after employing broker lapse
No examination is required for this applicant pathway.
Abeyance
Affiliated license held in abeyance until employer relicensure or change of employer and new license; replacement issued without charge in same term.

Official no-examination sources

Effective from 2026-09-22.

Licensure by examination
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Role
Control person designated as principal.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
Licensure by examination after foreign education or training
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Foreign education
Education or training received outside the United States; the guide applies the same qualifying education, experience and PSI examination requirements.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Role
Control person designated as principal.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
Military, veteran or dependent endorsement without examination
No examination is required for this applicant pathway.
Discipline
No revocation or voluntary surrender during investigation; unresolved discipline or pending complaints/investigations suspend the application until resolved.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Military status
Armed-forces/uniformed-services member, veteran, or dependent of a member or veteran.
Other license
Valid substantially equivalent or higher license in this occupation, in good standing and held at least one year; the issuing state verifies minimum education and experience; any examination required by that other state must have been passed and remains an applicant condition, not a Michigan examination.
Other requirements
Pay fees; good moral character; occupation age requirement; no issuance if it would violate federal oversight/licensing guidelines.
Role
Control person designated as principal.

Official no-examination sources

Effective from 2026-09-22.

Licensure using out of state licensed experience
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Experience credit
R 339.22115(a): one year credit for each year an individual holding an out-of-state real-estate license closed five or more transactions; Michigan qualifying requirements still apply.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Role
Control person designated as principal.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
New licensure following revocation
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Petition
Apply, pay fees and petition Department and Board with evidence of competent lawful service as MCL 339.411(5) prescribes.
Revocation
Wait at least three years after service of the final revocation order; meet all education and examination requirements then in effect; no credit for pre-revocation education, experience or examinations.
Role
Control person designated as principal.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
Relicensure following continuous salesperson licensure
No examination is required for this applicant pathway.
Continuous license
Continuously licensed as a real-estate salesperson since that lapse; Department may relicense without examination.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Previous license
Previously held a Michigan broker or associate broker license that lapsed.
Role
Control person designated as principal.

Official no-examination sources

Effective from 2026-09-22.

Relicensure after failure to renew within three years
Michigan Real Estate Broker Examination
Alternative to examination
MCL 339.2502a(5): instead of the broker examination, applicant may submit six CE hours for each elapsed year/partial year, or 90 prelicensure hours completed in the preceding twelve months. The current exam remains involved as the named third alternative.
Discipline
Resolve unsatisfied disciplinary penalties or conditions.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Fees
Application processing, late renewal and upcoming license fees.
Lapse
Failure to renew within three years; Board guide describes this as lapsed three years or more.
Role
Control person designated as principal.
Relicensure within three years of expiration
No examination is required for this applicant pathway.
Continuing education
Six hours for every elapsed year and partial year; applicable law and fair-housing topics.
Discipline
Resolve unsatisfied disciplinary penalties or conditions.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Fees
Application processing, late renewal and upcoming per-year license fees.
Lapse
Apply within three years after last license expiration.
Role
Control person designated as principal.

Official no-examination sources

Effective from 2026-09-22.

Removal of a license limitation
No examination is required for this applicant pathway.
Review
Petition within thirty days after limitation imposed; Department and Board determine applicant can competently perform every occupational function without limitation.

Official no-examination sources

Effective from 2026-09-22.

Renewal, including late renewal within sixty days
No examination is required for this applicant pathway.
Application
Apply and pay renewal fees; renewal cycle is three years. Late renewal is permitted within 60 days with late fee.
Continuing education
18 hours per cycle; each year at least 2 hours of real-estate laws/rules/cases and 1 hour of fair-housing compliance; retain evidence at least four years.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Role
Control person designated as principal.
Waiver
Continuing education may be waived for the causes and application procedure in MCL 339.204(2) and R 339.22163.

Official no-examination sources

Effective from 2026-09-22.

Replacement after employing broker license revocation
No examination is required for this applicant pathway.
Employer revocation
Affiliated associate licenses are automatically suspended pending change of employer and issuance of a new license; replacement is without charge during the original license term.

Official no-examination sources

Effective from 2026-09-22.

Licensure with unavailable foreign records
Michigan Real Estate Broker Examination
Application
Submit completed MiPLUS application and applicable fees; SSN or exemption affidavit; applications are valid for one year.
Character
Good moral character; an individual convicted of embezzlement or misappropriation of funds cannot receive a broker license.
Education
90 approved prelicensure clock hours, including 9 civil-rights and fair-housing hours, additional to salesperson education; completed within 36 months unless continuously actively licensed as a salesperson. Law degree credit: 60 hours including 6 fair-housing hours; MBA or finance master degree: 60 hours; business or finance bachelor degree: 30 hours.
Employing broker
Provide intended employing broker name and license number or pending application number; principals do so during the application, nonprincipals after approval when notified.
Experience
Equivalent of 3 full-time years of qualifying real-estate experience, credited as MCL 339.2505(7) and R 339.22115 prescribe.
Minimum age
At least 18 years old.
Nonresident
Non-Michigan residents must submit consent to service of process.
Role
Control person designated as principal.
Score validity
A passing examination score is valid for one year under MCL 339.2505(6)(b).
Testing order
Broker candidates may register and test without state preapproval.
Unavailable records
Board and Department approval; submit approved notarized education/employment affidavit and approved governmental statement that foreign records are unavailable; MCL 339.214 allows taking the examination or applying for a reciprocal license, subject to approval.

Principal Associate Real Estate Broker License with a Limitation

An associate real estate broker's license may be issued with a limitation approved by the Board or imposed after the Board neither approves nor disapproves within 60 days of notification.

Licensing authority: Michigan Department of Licensing and Regulatory Affairs, Bureau of Professional Licensing · Application information

Limited relicensure following continuous salesperson licensure
No examination is required for this applicant pathway.
Limitation
Department may grant relicensure without examination and determine applicable limitations.
Previous license
Broker or associate broker license lapsed; continuously licensed salesperson since lapse.

Official no-examination sources

Effective from 2026-09-22.

Licensure with a limitation
Michigan Real Estate Broker Examination
Limitation
Practice only within limitation; petition review available under MCL 339.519.
Qualification
Meet underlying license requirements except any expressly approved case-specific relief; the Department may impose a limitation with Board approval or absent a response within sixty days.
Underlying identity
Principal Associate Real Estate Broker
Limited licensure following revocation
Michigan Real Estate Broker Examination
Limitation
Department and Board determine applicable limitations.
Revocation
At least three years after service of final revocation order; current educational and examination requirements; no pre-revocation education, experience or examination credit.
Relicensure of limited license after failure to renew within three years
Michigan Real Estate Broker Examination
Alternatives
Broker examination, or six CE hours per elapsed year and partial year, or 90 approved prelicensure hours within twelve months before application.
Lapse
Failed to renew within three years.
Limitation
Department and Board determine applicable limitations.
Relicensure of limited license within three years
No examination is required for this applicant pathway.
Education
Six continuing education hours for every elapsed year and partial year.
Lapse
Apply within three years of expiration; pay required processing, late and license fees.
Limitation
Existing or reimposed limitations remain subject to Department and Board decision.

Official no-examination sources

Effective from 2026-09-22.

Renewal with a limitation
No examination is required for this applicant pathway.
Continuing education
Individual broker/associate renewal requires applicable continuing education; company maintains licensed principals.
Renewal
Meet underlying renewal conditions and pay fees; Department may renew with limitation subject to Board approval or absent response within thirty days.

Official no-examination sources

Effective from 2026-09-22.

Temporary Principal Associate Real Estate Broker License

A discretionary, nonrenewable temporary license that, with board approval, remains valid until a statutory termination event, including examination results, issuance of a license, or a change in employment.

Licensing authority: Department of Licensing and Regulatory Affairs · Application information

Temporary military dependent endorsement
No examination is required for this applicant pathway.
Military status
Dependent of armed-forces or uniformed-services member or veteran.
Other license
Current good-standing equivalent occupational license or registration from another United States state or foreign country.
Term
Six months; Department may renew once for six months if qualifications continue and more time needed for Michigan initial licensure; may impose limitations.

Official no-examination sources

Effective from 2026-09-22.

One time renewal of temporary military dependent license
No examination is required for this applicant pathway.
Continued eligibility
Department determines the military-dependent licensee continues to meet MCL 339.213(2) and needs more time for Michigan initial licensure.
Term
One additional six-month term only.

Official no-examination sources

Effective from 2026-09-22.

Temporary licensure pending examination
Michigan Real Estate Broker Examination
Discretion
Temporary status does not certify permanent qualification; examination belongs to the underlying broker-licensure process.
Eligibility
Applicant for licensure or transfer under Article 25 who has no prior denial, revocation or suspension; Board approval required.
Termination
Nonrenewable; terminates on next exam/evaluation results, issuance of license, next examination date if applicant does not sit, unmet requirements or change of employment.
Underlying identity
Principal Associate Real Estate Broker

Michigan Real Estate Broker Examination

Provider
PSI Services LLC
Format
Computer-administered examination
Exam questions
115 scored questions, 120 points; additional unscored experimental items may be administered
Time limit
210 minutes
Passing score
75%; 90 of 120 points
Exam fee
$79
Examination outline
  • I. Property Ownership (Broker 10% of general-practice outline)
    • A. Real and personal property; conveyances
    • B. Land characteristics and legal descriptions
    • 1. Metes and bounds method of legal property description
    • 2. Lot and block (recorded plat) method of legal property description
    • 3. Government survey (rectangular survey) method of legal property description
    • 4. Measuring structures (linear and square footage)
    • 5. Land measurement
    • C. Encumbrances and effects on property ownership
    • 1. Types of liens and their effect on the title and value of real property
    • 2. Easements, rights of way and licenses, including their effect on the title, value and use of real property
    • 3. Encroachments and their effect on the title, value and use of real property
    • 4. Potential encumbrances on title, such as probate, leases, or adverse possession
    • 5. Property rights that may be conveyed separately from use of the land surface, such as mineral and other subsurface rights, air rights, or water rights
    • D. Types of ownership
    • 1. Ownership in severalty/sole ownership
    • 2. Implications of ownership as tenants in common
    • 3. Implications of ownership in joint tenancy
    • 4. Forms of common-interest ownership, such as Timeshares, Condominiums and Co-ops
    • 5. Property ownership held in a trust or by an estate
    • 6. Ownership by business entities
    • 7. Life Estate ownership
  • II. Land use Controls (Broker 5% of general-practice outline)
    • A. Government rights in land
    • 1. Government rights to impose property taxes and special assessments
    • 2. Government rights to acquire land through eminent domain, condemnation and escheat
    • B. Government controls on land use
    • C. Private controls
    • 1. Deed conditions or restrictions on property use
    • 2. Subdivision covenants, conditions and restrictions (CC&Rs) on property use
    • 3. Condominium and owners’ associations regulations or bylaws on property use
  • III. Valuation (Broker 8% of general-practice outline)
    • A. Appraisals
    • 1. Appraisals for valuation of real property
    • 2. Situations which require appraisal by a licensed or certified appraiser and brokerage-related actions that constitute unauthorized appraisal practice
    • 3. General steps in appraisal process
    • B. Estimating Value
    • 1. Economic principles and property characteristics that affect value of real property
    • 2. Sales or market comparison approach to property valuation and appropriate uses
    • 3. Cost approach to property valuation and appropriate uses
    • 4. Income analysis approach to property valuation and appropriate uses
    • C. Comparative Market Analysis (CMA)
    • 1. Competitive/Comparative Market Analysis (CMA), BPO or equivalent
    • 2. Automated Valuation Method (AVM), appraisal valuation and Comparative Market Analysis (CMA)
  • IV. Financing (Broker 9% of general-practice outline)
    • A. Basic Concepts and Terminology
    • 1. Loan financing (for example, points, LTV, PMI, interest, PITI)
    • 2. General underwriting process (e.g., debt ratios, credit scoring and history)
    • 3. Standard mortgage/deed of trust clauses and conditions
    • 4. Essential elements of a promissory note
    • B. Types of Loans
    • 1. Conventional loans
    • 2. Amortized loans, partially amortized (balloon) loans, interest-only loans
    • 3. Adjustable-rate mortgage (ARM) loans
    • 4. Government Loans
    • a. FHA insured loans
    • b. VA guaranteed loans
    • c. USDA/Rural Development loan programs
    • 5. Owner financing (for example, installment or land contract/contract for deed)
    • 6. Reverse-mortgage loans
    • 7. Home equity loans and lines of credit
    • 8. Construction loans
    • 9. Rehab loans
    • 10. Bridge loans
    • C. Financing and Lending
    • 1. Real Estate Settlement Procedures Act (RESPA), including kickbacks
    • 2. Truth-in-Lending Act (Regulation Z), including advertising
    • 3. Requirements and time frames of TRID (TILARESPA Integrated Disclosures)
    • 4. Equal Credit Opportunity Act
    • 5. Lending Process (application through loan closing)
    • 6. Risky loan features, such as prepayment penalties and balloon payments
  • V. Contracts (Broker 19% of general-practice outline)
    • A. General Contract Law
    • 1. General principles of contract law
    • 2. Elements necessary for a contract to be valid
    • 3. Effect of the Statute of Frauds
    • 4. Offer and a contract
    • 5. Enforceability of contracts
    • 6. Void, voidable and unenforceable contracts
    • 7. Bilateral and unilateral contracts
    • 8. Nature and use of option agreements
    • 9. Notice, delivery, acceptance and execution of contracts
    • 10. Appropriate use, risks, and advantages of electronic signatures and paperless transactions
    • 11. Rights and obligations of the parties to a contract
    • 12. Possible remedies for breach or nonperformance of contract
    • 13. Termination, rescission and cancellation of contracts
    • B. Purchase and Lease Contracts
    • 1. Addenda and amendments to contracts
    • 2. Purchase agreements
    • 3. Contract contingencies and methods for satisfying them
    • 4. Leases and rental agreements
    • 5. Lease-purchase agreements
    • 6. Types of leases
    • C. Proper handling of multiple offers and counteroffers
  • VI. Agency (Broker 13% of general-practice outline)
    • A. Agency and non-agency relationships
    • 1. Agency relationships and how they are established
    • 2. Types of listing contracts
    • 3. Buyer brokerage/tenant representation contracts
    • 4. Other brokerage relationships, including transaction brokers and facilitators
    • 5. Powers of attorney and other assignments of authority
    • 6. Conditions for termination of agency or brokerage service agreements
    • B. Agent Duties
    • 1. Fiduciary duties of agents
    • 2. Agent's duties to customers/non-clients, including honesty and good faith
    • C. Agency Disclosures
    • 1. Disclosure of agency/representation
    • 2. Disclosure of possible conflict of interest or selfinterest
  • VII. Property Disclosures (Broker 7% of general-practice outline)
    • A. Property Condition
    • 1. Seller's property condition disclosure requirements
    • 2. Property conditions that may warrant inspections or a survey
    • 3. Red flags that warrant investigation of public or private land use controls
    • B. Environmental and Government Disclosures
    • 1. Environmental issues requiring disclosure
    • 2. Federal, state, or local disclosure requirements regarding the property
    • C. Disclosure of material facts and material defects
  • VIII. Property Management (Broker 5% of general-practice outline)
    • A. Duties and Responsibilities
    • 1. Procurement and qualification of prospective tenants
    • 2. Fair housing and ADA compliance specific to property management
    • 3. How to complete a market analysis to identify factors in setting rents or lease rates
    • 4. Property manager responsibility for maintenance, improvements, reporting and risk management (BROKER ONLY)
    • 5. Handling landlord and tenant funds; trust accounts, reports and disbursements (BROKER ONLY)
    • 6. Provisions of property management contracts (BROKER ONLY)
    • B. Landlord and tenant rights and obligations
  • IX. Transfer of Title (Broker 6% of general-practice outline)
    • A. Types of deeds
    • B. Title Insurance and Searches
    • 1. Title insurance policies and title searches
    • 2. Potential title problems and resolutions
    • 3. Marketable and insurable title
    • C. Closing Process
    • 1. When transfer of ownership becomes effective
    • 2. Process and importance of recordation
    • 3. Settlement procedures (closing) and parties involved
    • 4. Home and new construction warranties
    • D. Special Processes
    • 1. Special issues in transferring foreclosed properties
    • 2. Special issues in short sale transactions
    • 3. Special issues in probate transactions
  • X. Practice of Real Estate (Broker 12% of general-practice outline)
    • A. Antidiscrimination
    • 1. Federal Fair Housing Act general principles and exemptions
    • 2. Protected classes under Federal Fair Housing Act
    • 3. Protections against discrimination based on gender identity and sexual orientation
    • 4. Prohibited conduct under Federal Fair Housing Act (Redlining, Blockbusting, Steering, Disparate Treatment)
    • 5. Fair housing advertising rules
    • 6. Americans with Disabilities Act (ADA) obligations pertaining to accessibility and reasonable accommodations
    • B. Legislation and Regulations
    • 1. Licensees’ status as employees or independent contractors
    • 2. Antitrust laws and types of violations, fines and penalties
    • 3. Do-Not-Call List rule compliance
    • 4. Proper use of Social Media and Internet communication and advertising
    • C. Duties and Responsibilities
    • 1. Protection of confidential personal information (written, verbal or electronic)
    • 2. Duties when handling funds of others in transactions
    • 3. Licensee responsibility for due diligence in real estate transactions
    • D. Supervisory Responsibilities (BROKER ONLY)
    • 1. Broker's supervisory responsibilities (licensees, teams and unlicensed assistants and employees) (BROKER ONLY)
    • 2. Broker relationship with licensees (employees or independent contractors and governing rules) (BROKER ONLY)
  • XI. Real Estate Calculations (Broker 6% of general-practice outline)
    • A. Calculations for Transactions
    • 1. Seller’s net proceeds
    • 2. Buyer funds needed at closing
    • 3. Real property tax and other prorations
    • 4. Real property transfer fees
    • 5. PITI (Principal, Interest, Taxes and Insurance) payments estimate given loan rate and term
    • B. General Concepts
    • 1. Equity
    • 2. Rate of return/Capitalization rate
    • 3. Loan-to-Value ratio
    • 4. Discount points and loan origination fees
  • Duties and Powers of the Department and the State Board of Real Estate (Broker-3 Items)
    • General powers
    • Investigations, conferences, hearings, and exemptions
    • Penalties
  • Licensing Requirements (Broker-4 Items)
    • Activities requiring a license and exemptions
    • Types of licenses
    • Eligibility for licensing
    • License renewal, including continuing education
    • Transfer or change in license
  • Statutory Requirements Governing the Activities of Licenses (Broker-15 Items)
    • Advertising
    • Commissions and Specific Services for Which Fees may be charged
    • Disclosure/conflict of interest
    • Handling of contracts, documents, listing and recommendations
    • Handling of monies and trust accounts
    • Place of business/branch office requirements (Broker Only)
    • Record keeping
    • Inducements
    • Alternative Dispute Resolution vs. Arbitration (Broker only)
    • No disclosure duty attaches to stigmatized property
    • Closing responsibilities
  • Contractual Relationships (Broker – 5 Items)
    • Agency relationships available in MI
    • Transaction coordinator
    • Designated agency
    • Dual agency
    • Agency disclosures
    • Broker/Salesperson relationships
    • Service Provision Agreements (Listings, Buyer Broker)
  • Additional State Topics (Broker-13 Items)
    • Land Division Act - Public Act 591 (Disclosure of Private Road)
    • Michigan fair housing
    • Elliott-Larsen Civil Rights Act
    • Persons with Disabilities Civil Rights Act
    • Landlord Tenant Relationship Act, Truth in Renting Act
    • Usury laws (Broker only)
    • State Transfer Tax
    • Michigan Condominium Act
    • Michigan State Housing Development Authority (MSHDA)
    • Uniform State Anti-trust Act
    • Michigan Right to Farm Act (Seller’s Disclosure Required)
    • Changes in the Land Contract Laws (Dodd Frank Law-federal)
Examination sources