Michigan Real Estate Practice Exam
Here are some actual questions you’ll find on your Michigan Real Estate Exam!
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Can a Michigan salesperson work for more than one broker at a time?CorrectIncorrect
All of the following would subject a licensee to a penalty under the Michigan state license law (also known as Occupational Code or Act 299) EXCEPT:CorrectIncorrect
Which of the following Acts assist farmers in defending their operations from complaints and lawsuits by nearby property owners:CorrectIncorrect
The term “waiver” as used in a legal contract is best defined as:CorrectIncorrect
How much of a grace period would you have to renew your license without applying for relicensure to the Michigan Department of Licensing and Regulatory Affairs (LARA)?CorrectIncorrect
All of the following advertising for real estate would be allowed EXCEPT:CorrectIncorrect
A person who has had a limitation placed on a license:CorrectIncorrect
A licensee who obtains a listing shall have done all of the following EXCEPT:CorrectIncorrect
In Michigan, a broker who has let his license lapse for 5 years would need to do which of the following to be relicensed?CorrectIncorrect
Michigan’s County Transfer Tax would be charged on which of the following transfers of real estate?CorrectIncorrect
The Elliott-Larsen Civil Rights Act, or Public Act 453 of 1976, prohibits discrimination in Michigan on the basis of:CorrectIncorrect
What years was the Elliott-Larsen Civil Rights Act enacted?CorrectIncorrect
The Department of Licensing and Regulatory Affairs (LARA) has many duties, including which of the following:CorrectIncorrect
Michigan Due On Sale Clause Act applies to:CorrectIncorrect
Michigan Environmental Protection Act provides for:CorrectIncorrect
What would the state transfer tax be in Michigan on a $343,501 sale?CorrectIncorrect
What states does Michigan offer reciprocity with?CorrectIncorrect
What is the purpose of the Michigan State Housing Development Authority?CorrectIncorrect
The penalty for usury in Michigan would be:CorrectIncorrect
The Enforcement Division under the Michigan Uniform Securities Act:CorrectIncorrect
Can a Michigan broker pay a commission to an out-of-state broker?CorrectIncorrect
Which of the following would be a violation of the Michigan License Law Act (also known as the Occupational Code or Act 299)?CorrectIncorrect
Which of the following would be a violation of Michigan’s Elliott-Larsen Civil Rights Act?CorrectIncorrect
How to Study For The Michigan Real Estate Exam
Let’s hop to it! So, you already know the Michigan exam is not easy. You really have to master the material. After all, getting your Michigan Real Estate License is one of the most important accomplishments of your life. So, how do we do that?
- Take real estate practice exams over the course of 1-3 months depending on your knowledge level.
- Watch YouTube videos of real estate exam prep teachers. They are awesome and they are free! We have quite a few but there are other great teachers as well.
- Memorize all the real estate vocabulary. This should be common sense, but make flashcards and just go over them until you know them all.
- Sign Up For A Real Estate Exam Prep that guarantees you to pass
How many times can you take the Michigan real estate exam?
There is no maximum number of attempts for the Michigan Real Estate Exam, if you fail your first try, you will need to re-schedule a new exam, not important if its through PSI Online or via phone. You do not have a maximum number of attempts, but it will always be better to pass on the first try.
How many questions are on the Michigan Real Estate Test?
We have interviewed PSI and spoken to the Michigan Board or Real Estate Brokers and Salespersons. We can confirm there are 115 total questions on the real estate exam for salesperson. On the national portion of the exam there are 80 questions and the remaining 35 questions are Michigan specific.
Is the Michigan Real Estate Exam hard?
Yes! It is very hard. As of 2023, only 72% of agents pass the licensing exam on the first try.
The good news is, the people passing the real estate exam are using a real estate exam test prep (like us!) and their pass rate goes to 93%.
how much is the Michigan real estate exam?
The cost of the exam is $79 for brokers and salesperson, whether you take the State exam only or the National Exam only (or take both). Candidates must complete all course requirements and request their FBI report prior to taking the licensing exam. Payment will not be accepted at the test center. Examination fees are non-refundable and non-transferable. Often, if you fail the exam, the fees are a little cheaper for the next one.(but don’t fail, work with us)
Can You Take The Michigan Real Estate Exam Online?
No. In Michigan, you as a student will have to go to an approved PSI testing to get monitored throughout the exam, but it can be scheduled at no charge through PSI Online. There is no final grade given when you complete the test, it will simply tell you if you have passed or if you have failed.
What Questions Are On The Michigan Real Estate Exam?
If you review the real estate exam person candidate guide located on the Michigan Real Estate Commission website, they list the following. Also, we often conduct exit interviews with our prior students to confirm what questions are on the Michigan R.E. Exam as well as insure the below is accurate.
The exam breakout is as follows:
1. Property Ownership – 8%-10%
2. Land Use Controls & Regulation – 5%
3. Valuation & Market Analysis -7%
4.Financing – 8% to 10%
5. General Principles Of Agency – 11% to 13%
6. Property Disclosures – 7%
7. Contracts – 17% – 18%
8.Leasing & Property Management – 3% – 4%
9. Transfer Of Title – 7%-8%
10. Practice Of Real Estate – 11%
11. Real Estate Math – 5% – 7%
What Score Do I Need On The Michigan Real Estate Exam To Pass?
The passing score for the national portion of the examination is 56 correct answers (70%), and the passing score for the state portion is 24 (70%) correct answers.