Becoming a real estate agent in Michigan might be one of your most exciting ventures in life, as this is one of the most thriving industries in Michigan. Regardless, it’s not easy becoming a real estate agent in Michigan, but at the same time, it isn’t impossible either. Before becoming a real estate agent in Michigan, you must know what role they play. A real estate agent is a type of salesperson who guides both buyers and sellers in purchasing or selling a certain property.
From negotiating contracts and helping clients find the home of their dreams, a real estate agent has to do it all. To become one in Michigan, there is a certain procedure you have to follow, which you will discover. If you’re interested in becoming a real estate agent in Michigan and can be an asset to the industry in some way or another, read further below. Below you will come across the procedure and what it takes to become a real estate agent in Michigan.
How to Become a Real Estate Agent in Michigan?
To become a real estate agent in Michigan, you have to see and complete a pre-license real estate course which comprises 40 hours. Once you pass the exam, you can register with the Michigan Department of Licensing and Regulatory Affairs (LARA) and get your license in whatever you want to do in the real estate industry. To guide you, mentioned below are a few steps that you have to follow to become a real estate agent in Michigan:
1. Meet All the Legal Requirements
To become a qualified real estate agent in Michigan, you first have to fulfill all the state’s legal requirements. These requirements consist of a high school diploma or GED, candidate above 18, and a legal U.S citizen. If you meet all these requirements, you can easily move on to the next step of the procedure. An important thing to remember is that if you are a real estate agent in any other state, you can qualify to conduct a real estate agent business in Michigan.
2. Finish All Prelicensing Courses to Become a Real Estate Agent in Michigan
You have to attain 40 hours of Prelicensing education courses from an accredited Michigan real estate school. There are different courses you will have to take, and these include:
- Finance and Real Estate
- Taxation, Pricing Property
- Leasing Land Use
- Rules and regulations of Michigan License
- Community Ownership, liens, and contracts
- Descriptions on Math Property, and title, and property ownership
The cost of these courses varies depending on where you are taking them from. But you must remember that you can only take the classes with a LARA certified educational institute. Otherwise, you won’t achieve the credits. Another thing to note is when applying for a license; you have to do it with 36 months of completing your coursework or you will have to sit for the same course again.
3. Apply for Your License by Registering with LARA
You have to fill an online application to apply for your license and track the online process. In addition, you will have to submit criminal records if you have any and still be selected considering the specifics. To start applying for your license, you first have to account for the Michigan Specific Licensing system. Once you have an account, you can submit your application and pay a fee of $88. It takes around 6-8 weeks to process your application, so try completing it as soon as possible.
After you receive the approval, you will get your exam ID on an email sent from LARA. You can then select the sponsored brokerage before or after you pass the exam.
4. Sit For the Exam
Next, you have to pass the Michigan State Licensing Exam after completing your Pre-licensing education. You will have to give the exam on a computer and will attain your result right after. If you fail to pass the exam, you will get scores for each section to study for the re-take. You can re-give the exam as many times as you want in a year. The exam comes with a set of multiple-choice questions, which are around 115, and you have to complete them all in under 3 hours. You need at least 70% on your exam to pass the Michigan Real Estate Exam.
5. Choose the Real Estate Company You Want to Work For
To activate your real estate license in Michigan, you have to select a sponsoring brokerage company that you will work under. You will come across many real estate agent companies in Michigan. All you need to do is make sure you choose the right one and something that you can connect with. When selecting a real estate broker company, you must check the type of training they provide, their experience, and the number of years they have provided services. You must consider these few factors when choosing a real estate company in Michigan, whether it’s in Farmington, Rochester, or Royal Oak.
6. Renew Your Real Estate Agent License
After every three years, you have to renew your Michigan real estate license. You have to submit an online application for the renewal and pay a renewal fee of $78. Along with this, you have to continue your education by taking 18 credit hours in which 2 hours of the CE covers all the court cases and statues of your yearly license cycle.
If you want to become a professional real estate agent in Michigan, you must follow the above procedure to become one. The process may seem a bit confusing or lengthy, but if you really want to become a real estate agent in Michigan, nothing can stop you from passing the exam and attaining your license. If you’re looking for a good real estate company in Michigan, apply to join our team!