HOW
TO BECOME A REALTOR®
PREQUALIFICATION
To
start:
•
You must be 18 years of age.
•
You must be of good moral character
Step
1. COMPLETE 40 HOURS OF APPROVED PRE-LICENSING EDUCATION
Successfully
complete an approved 40 clock-hour Pre-Licensing course. Courses are offered
online and in-person.
Step
2. PASS THE COURSE FINAL EXAM
After
you complete all the course materials, meet the minimum time requirement, and
pass the practice exam, there is a course final exam. The minimum passing score
is 70%.
Step
3. SELECT A SPONSORING BROKER
To
be licensed, you must first be associated with a current and active Michigan
sponsoring broker. It's important to find the right broker to work with since
this person will serve as your mentor as you start your new career in real
estate. Here are some questions to consider during your search:
•
What is their reputation, both locally and nationally?
•
What kind of real estate agents are looking for?
•
Are they technologically advanced and up-to-date with the latest systems?
•
How do they support their agents with education and training?
•
What kind of commission structure do they offer?
•
Do they provide their agents with leads and marketing material?
•
Is there room to grow with the brokerage?
Step
4. START THE APPLICATION
To
apply for your Michigan real estate license with the Michigan Department of
Licensing and Regulatory Affairs (LARA). You'll receive an email providing you
with an exam candidate ID number that is required to register for the exam.
License application fees are valid for one year and the following
process must be completed within one year from the date fees are paid.
Step
5. PASS THE MICHIGAN REAL ESTATE EXAMINATION
PSI
administers the Michigan real estate licensing exam. This 115-question test is
comprised of two portions, covering both state and national requirements, which
you will have 180 minutes to complete.
Step
6. RECEIVE YOUR LICENSE
Once
you have passed your exam and if you did not list an employer, you license
application will remain incomplete until the Department receives an
Employing Broker notification. Once the Department receives notification, your
license will be issued.
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