Michigan Real Estate Exam Prep

MI Salesperson Practice Exam

Our Michigan Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Michigan’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

How to Get Your Real Estate License in Michigan

The Michigan Department of Licensing and Regulatory Affairs (LARA) requires applicants to complete 40 hours of approved classes. From there, you will receive authorization from LARA to sit for the state’s real estate exam. With our study guides, you will pass the notoriously challenging Michigan real estate license test — or you will get a full refund, guaranteed.

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Michigan License Requirements

An applicant for a real estate salesperson license must be 18 years of age and have successfully completed education and examination requirements required by the Occupational Code, PA 299 of 1980.
40 clock hours of approved real estate fundamentals Examination.
A real estate salesperson license can only be issued if a complete application, with fee and broker’s signature, is received by the department.
Other requirements include: “good moral character”, a current letter of good standing from states in which the applicant currently holds, or has ever held, a real estate license.

Michigan Sample Practice Real Estate Exam Questions and Answers

Michigan State Section

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Question 1

Which of the following is required for an applicant to receive a Real Estate License?

A	Must be 25 or older
B	Must sit and pass the required exam
C	Must have lived in the state for more than a year
D	Must have a Bachelors degree

Question 2

Are dower rights currently in effect in Michigan?

A	Yes
B	No

Question 3

What term means "going to the state?"

A	Eminent Domain
B	Taxation
C	police power
D	escheat

Question 3 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 4

In what circumstances, if any, can a broker in Michigan who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	Only when both buyer and seller give informed consent to this arrangement
B	Only when both buyer and seller have legal representation
C	In most circumstances, except when the buyer and seller are related
D	None; the broker may only collect compensation from one party to a transaction

Question 5

Which of the following is a landlord's option for a tenant not paying the rent?

A	unlawful detainer action in court
B	shut off the power
C	lock the tenant out of the apartment
D	shutoff the gas

Question 6

What tenancies does Michigan allow?

A	Both
B	Neither
C	Tenancy by the entirety
D	Joint tenancy

Question 7

Does Michigan allow Holographic wills?

A	No
B	Yes

Question 8

The Salesperson license fee costs how much?

A	$100
B	$88
C	$78
D	$50

Question 9

What is a holographic will?

A	a will that has been approved by each family member.
B	a standard boiler plate will.
C	a will and testament that has been entirely handwritten and signed by the testator.
D	a will that displays in 3D

Question 10

Standing trees would be considered:

A	Personal Property
B	Real property
C	Chattels
D	Emblements

Question 11

After passing the real estate license exam, how often must you take Continuing Education classes?

A	every 3 years
B	every 2 years
C	every 4 years
D	every year

Question 12

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Buyer
B	Lessee
C	Agent
D	Lessor

Question 13

What is homestead protection?

A	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.
B	Net cash remaining to investor after sale of investment property
C	Gradual subsidence of waters, leaving dry land
D	The estimated value that an asset will have at then end of it's useful life

Question 14

How soon can a broker receive a commission check after a closing in Michigan?

A	After the transaction is completed and funded.
B	Once the seller agrees to the price.
C	When the Buyer moves in.
D	Once the offer sheet is signed.

Question 15

Which of the following would not put a sales person in jeopardy of losing their license in Michigan?

A	Being authorized to accept and excessive commission.
B	Placing an ad claiming to be a broker when they are not.
C	Convicted of a felony
D	Depositing his/her clients escrow money into a personal account

Question 16

Does Michigan have homestead laws?

A	No
B	Yes

Question 17

Is Michigan a community property state?

A	No
B	Yes

Question 18

Which of the following isn't part of a deed?

A	novation
B	Habendum
C	Premises
D	acknowledgement

Question 19

The license law is administered by:

A	Michigan State Board of Real Estate Brokers and Sales persons
B	Michigan Department of Real Estate
C	Commission of Michigan Real Estate
D	Michigan Commission of Realtors

Question 20

Does Michigan participate in reciprocity with other states?

A	No
B	Yes

Question 21

Mortgage "discount" points only apply if which of the following conditions are met?

A	The interest rate on the mortgage loan has been lowered by 2% for each point charged
B	The interest rate on the mortgage loan has been lowered by 1% for each point charged
C	The loan does not close and the buyer owes the lender for services rendered
D	The seller has agreed to pay 1% of the closing costs

Question 22

Which is not necessary for a valid contract?

A	legal object
B	acceptance
C	offer
D	due date

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