A career in real estate can bring you endless opportunities. It is a career with great potential in terms of salary and overall life satisfaction. It also comes with tons of other benefits that may not be readily obvious when you’ve only just received your license.
But how long will it take you to become a real estate agent in Michigan? The entire process may take up to a couple of months. The process includes pre-licensing education, finding a sponsoring broker, undergoing the application process, and taking the state licensing exam.
Read on to learn the details of what it takes to become a real estate agent in Michigan.
Meet the Age Requirement
You must be at least 18 years of age to qualify for a Michigan real estate agent license. You don’t necessarily need to have a high school diploma to be eligible for a license.
Complete Pre-licensing Education
You have to take a 40-hour real estate fundamental education as specified by the state’s Department of Licensing and Regulatory Affairs (LARA). You may complete the real estate course online www.ayporealestate.com or in a physical classroom, depending on your preference.
Once you completed the course successfully, you’ll need to take and pass both the practice course and the final exam.
Apply for Your Real Estate Agent License
Once you’ve completed your pre-licensing education successfully, you can submit your application for Michigan’s real estate salesperson license. You can complete and file your application online through the Michigan LARA website.
When filling out your application form, you may indicate who your sponsoring broker will be. Alternatively, you can wait until after you’ve taken the licensing exam.
Obtain Broker Affiliation
As a real estate agent, you must work under a licensed real estate broker. You can’t get a Michigan real estate agent license if you’re not affiliated with any broker.
Once you complete your education, you can use online job boards or your school’s career center to find real estate brokers who are hiring. However, don’t settle for any broker that comes your way. Go for a reputable broker that will help you grow in your career.
Pass the Michigan Real estate Exam
Once Michigan LARA approves your license application, you’ll receive an email from them. The email is a notification for your authorization to register for the state’s real estate examination. PSI Exams administer the exam.
The test consists of 115 questions; the exam is divided into two sections: the state’s real estate practices and national real estate practices.
You’ll have 180 minutes to write the exam. You must get a score of at least 70% to qualify for a license.
Get Your Real Estate License
If you pass your exam, Michigan LARA will issue your license. However, if you did not list a sponsoring broker, your license application will remain pending until your employing broker sends a notification to the department. This entire process can take up to a few months.