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Are you considering a career change to join the more than 2 million actively licensed real estate agents?
Starting a real estate career in Michigan can be exciting (and profitable!), but it can feel overwhelming not knowing where to begin.
Good news: We’ve got your back.
Keep reading to learn how to become a real estate agent in the Wolverine State. In just a few minutes, you’ll be well on your way to starting your new career path!
Meet the Prequalification Requirements
Before you can think about becoming a real estate agent in Michigan, there are a few qualifications you must meet.
First, you have to be at least 18 years old. Second, you have to be someone of good moral character. This can be a little harder to define, but in short, you need to be a good person with solid ethics and morals.
- Joining Hands With a Professional Real Estate Agent is a Necessity – Know Why
- Factors In, Out, and Around a Property to Research Before Choosing a Home
- Choosing an Agent: 3 Helpful Tips to Choosing Your Real Estate Agent
- 5 Ways to Find Best Letting Agents for Your Property
- Why You Should Consider Hiring a Mortgage Broker
Complete the Education Requirements
In order to become a real estate agent, you must first go through 40 hours of pre-licensing education.
This course covers the fundamentals of practicing real estate, helping you to learn about working as a buyer’s agent and a seller’s agent. It also covers the contracts involved with buying and selling a home as well as other essential information.
You must take a 40-hour course that’s been approved by the State of Michigan Department of Licensing and Regulatory Affairs.
At the end of the course, you’ll need to pass the final examination. In order to pass, you’ll need a score of at least 70% on the exam.
Find a Broker Sponsor
Before you can obtain your real estate license, you must be associated with an active sponsoring broker in the state of Michigan.
You’ll want to look for a local broker with a great reputation that also provides subsequent training to their agents.
You’ll also want to see if they offer any benefits and ask about commission splits before signing on with a broker.
Submit Your Application
After completing your pre-licensing requirements and finding a broker, you’ll need to apply for your real estate license with the state of Michigan. You’ll pay an application fee when you apply.
After applying, you’ll receive an ID number that you’ll use to register for the state exam.
Pass the State Examination
Once your application is approved, you must take the state exam within one year. The test is broken into two portions: a state section and a national section, over the course of 115 questions.
You must complete it within 180 minutes and receive a score of 75% or higher to pass.
Receive Your License
Once you pass the state examination, congratulations! You’ll receive your license from the state as long as you’ve listed that you’re working with an active broker.
Now, you can begin your real estate career!
Start the Process to Become a Real Estate Agent
Now that you know the steps it takes to become a real estate agent, what are you waiting for?
Start looking for places to take your pre-licensing course and you’ll be one step closer to a new and exciting career path.
Until then, make sure you check out our latest articles on home improvement and design to learn more about the exciting world of real estate.