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.

Give Me Access to Michigan Real Estate Exam Prep

90 Day Money Back Guarantee On Our Real Estate Exam Prep

What Do I Get with the Michigan Real Estate Exam Prep?

Instant Access to All Exam Prep Materials
A 100 Percent Money-Back Guarantee that You Will Pass
90 Days of Access to the System
Committed Customer Support
All Materials Updated for 2020 Regulations

Instant Results

Instant results on each question so you know your strength's and weaknesses!

Instant Results
Works on Any Device
Easy to Use

How Our System Works



Get Access to Real Estate Prep Guide	Study and Improve on Your Weak Areas	Pass Your Exam!

Get Access to Real Estate Prep Guide

Study and Improve on Your Weak Areas

Pass Your Exam!

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

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Click on the button below to "Start" your practice exam now. Leaving the page and or closing the browser now or at any moment during the exam will reset your answers. You can always go back and retake any practice test. You can also go over your answers at any moment during the practice test by clicking "List" and picking one of the questions that interests you.

Start

Congratulations - you have completed Michigan State Section . You scored %%SCORE%% out of %%TOTAL%%. Your performance has been rated as %%RATING%%

Your answers are highlighted below.

Question 1

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

Question 2

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 3

What is a holographic will?

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

Question 4

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 5

Which is not necessary for a valid contract?

A	due date
B	legal object
C	acceptance
D	offer

Question 6

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

A	novation
B	acknowledgement
C	Premises
D	Habendum

Question 7

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

Question 8

Does Michigan allow Holographic wills?

A	No
B	Yes

Question 9

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

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

Question 10

What term means "going to the state?"

A	police power
B	escheat
C	Taxation
D	Eminent Domain

Question 10 Explanation:

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

Question 11

Does Michigan have dower laws?

A	Yes
B	No

Question 12

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

A	Agent
B	Buyer
C	Lessee
D	Lessor

Question 13

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	Depositing his/her clients escrow money into a personal account
D	Convicted of a felony

Question 14

The license law is administered by:

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

Question 15

Does Michigan have homestead laws?

A	No
B	Yes

Question 16

Standing trees would be considered:

A	Real property
B	Emblements
C	Personal Property
D	Chattels

Question 17

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

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

Question 18

Is Michigan a community property state?

A	Yes
B	No

Question 19

What tenancies does Michigan allow?

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

Question 20

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

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

Question 21

The Salesperson license fee costs how much?

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

Question 22

Does Michigan participate in reciprocity with other states?

A	Yes
B	No

Once you are finished, click the button below. Any items you have not completed will be marked incorrect. Get Results

There are 22 questions to complete.

List

Return

Shaded items are complete.

1	2	3	4	5
6	7	8	9	10
11	12	13	14	15
16	17	18	19	20
21	22	End