MICHIGAN REAL ESTATE LICENSING REQUIREMENTS


INITIAL LICENSING REQUIREMENTS

There are three major steps to getting a Michigan Real Estate License as a Salesperson or a Real Estate Broker.  They must be completed in this order:

Step 1: Meet the Michigan prelicensure requirements:

  • For a Salesperson:
    - Complete an approved 40 hour Michigan Real Estate Fundamentals Course.
  • For a Broker:
    - Complete 90 hours of approved real estate coursework within 36 months of application, unless licensed continuously.
    - Have at least 3 years’ full-time experience as a real estate salesperson, or equivalent experience (Rule 205).
    Note: if you have been a practicing attorney for 5 or more years you only must take 30hrs to become a licensed broker.

Step 2: Submit your real estate license application.
Go to www.michigan.gov/icola to apply for a license. Upon accessing iCOLA, you will be asked to create an account, pay your license fee, and submit your license application electronically.

  •  Salespersons:  You do not need to have a broker at the time you submit the license application. If you list your employing broker’s 10-digit number when applying, please inform your employer that you have submitted your license application. Your employing broker should then access his or her iCOLA account and confirm sponsorship.  Broker information may be supplied to the State of Michigan at a later time using the Employee Broker Notification Form. Your license application will remain in a “Pending” Status in our system until broker sponsorship is confirmed, or for one year from the date of your application.

 

COMPLETE Michigan Real Estate Continuing Education Package #1

18 credit hours | Online HD Video Courses | No Tests | Includes 6 hours of Legal Updates

  • 4 Hour Personal Safety and Self Defense
  • 4 Hour Drones in Real Estate
  • 4 Hour Lead Paint Awareness
  • 2 Hour Property Management
  • 2 Hour Environmental Issues
  • 2 Hour Water Rights
    PACKAGE DETAILS

$119.00Add to cart

COMPLETE Michigan Real Estate Continuing Education Package #2

18 credit hours | Online HD Video Courses | No Tests | Includes 14 hours of Legal Updates

  • 6 Hour Legal Descriptions/Estimating and Bidding for Success
  • 6 Hour Fair Housing, Agency, & Auction Law Package
  • 3 Hour Code of Ethics
  • 3 Hour Finance
    PACKAGE DETAILS

$119.00Add to cart

Step 3: Register with PSI for your exam. The cost for the Salesperson or the Broker exam is $76 and the tests are timed (180 minutes).
To schedule your exam date, call PSI at 1-800-733-9267. Use the 24/7 Automated Registration System or speak with a representative between 7:30 A.M. to 8:00 P.M. ET.  Michigan Real Estate Salesperson Exams  are given at the following locations:          
Gaylord
Grand Rapids
Holt
Marquette
Southfield
You will be informed immediately after the exam whether you passed or not. PSI will import your exam data into your iCOLA record within 48 hours of successful completion of the exam.

  • Salespersons:  Once your exam score is received by the Department and your broker is confirmed, the State-issued paper wall license and a pocket card will be mailed to your employing broker’s main office.

What are the initial real estate licensing fees in Michigan?
Michigan operates on three-year cycles so initial licensing fees decrease each year.

LICENSE TYPE

11/01/2016-10/31/2017

11/01/2017-07/01/2018

Brokers & Associate Brokers

$107

$71

Salesperson

$62

$36

Branch Office

$50

$30


RENEWAL REQUIREMENTS

Renewal Deadline: October 31, 2018

Renewal Cycle: 3 years

How much continuing education do I need to renew my Michigan real estate salesperson or broker license?
Michigan real estate salesperson and brokers must complete 18-hours of continuing education each 3-year renewal cycle.

  • 6 hours of approved CE for each year of the licensing cycle
  • 2 hours each calendar year must be in Legal Updates
  • Education topics must be on management, operation, and practice of real estate or any other subject that contributes to the professional competence of a real estate licensee or applicant.

How much does it cost to renew my Michigan real estate salesperson or broker license?
$108 | Brokers
$ 78  | Salesperson
$ 60  | Branch Offices

How often must I renew my Michigan real estate salesperson or broker license?
The renewal cycle for Salesperson and Broker licenses are every three years on October 31:  2018... 2021... 2024... etc. [hr]

FREQUENTLY ASKED QUESTIONS

My Michigan real estate salesperson or broker license is expired, can I still renew?
There is a 60-day grace period for realtors who do not renew by the October 31, 2018, deadline.  The grace period ends December 31, 2018, realtors renewing during this period must pay a $20 late fee.
Realtors can renew by paper application with a check or online with a credit/ debit card.

What happens if my Michigan real estate salesperson or broker license is expired more than 60 days?
Michigan salespeople and brokers must complete reinstatement forms in order to renew their licensing. You will have to complete a salesperson reinstatement form or a broker reinstatement form in order to renew.

  • If your license is expired between 60 days & 3 years
    Pay an application processing fee, a late renewal fee, and the per year licensing fee. In addition, you must satisfy any penalties and conditions imposed by Michigan or any other jurisdiction.
  • If your license has been expired more than 3 years
    You will have to meet requirements set by the Department of Professional Licensing. You may be required to pass all or part of an exam or meet current education or training requirements.
    Contact the Department of Professional Licensing with questions:  517-241-9288

What are the reinstatement licensing fees for real estate licensees in Michigan?
Michigan operates on three-year cycles so reinstatement fees decrease each year.

LICENSE TYPE

11/01/2016-10/31/2017

11/01/2017-07/01/2018

Brokers & Associate Brokers

$127

$91

Salesperson

$82

$56

Branch Office

$70

$50

What is the difference between a Salesperson and a Broker?

REAL ESTATE SALESPERSON is an individual:

who for compensation or valuable consideration is employed either directly or indirectly by a licensed real estate broker to

  • sell or offer to sell,
  • buy or offer to buy,
  • provide or offer to provide market analyses,
  • list or offer or attempt to list,
  • negotiate the purchase or sale or exchange or mortgage of real estate,
  • negotiate for the construction of a building on real estate,
  • lease or offer to lease, rent or offer for rent real estate,

who is employed by a real estate broker to engage in property management,

or who

  • sells or offers for sale,
  • buys or offers to buy,
  • leases or offers to lease,
  • or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others, as a whole or partial vocation.

REAL ESTATE BROKER  is an individual or entity:

who with intent to collect or receive a fee, compensation, or valuable consideration

  • sells or offers for sale,
  • buys or offers to buy,
  • provides or offers to provide market analyses,
  • lists or offers or attempts to list,
  • or negotiates the purchase or sale or exchange or mortgage of real estate,
  • or negotiates for the construction of a building on real estate;
  • who leases or offers or rents or offers for rent real estate or the improvements on the real estate for others, as a whole or partial vocation;

who engages in property management as a whole or partial vocation;

who sells or offers for sale,

  • buys or offers to buy,
  • leases or offers to lease,
  • or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others;

or who, as owner or otherwise, engages in the sale of real estate as a principal vocation.

Contact Information

       Licensing and Regulatory Affairs
Board of Real Estate Brokers & Salespersons
Website:  http://www.michigan.gov/realestate
       Phone:  517-241-9288

Licensing References
Michigan Real Estate – Frequently Asked Questions
Michigan Real Estate Brokers and Salespersons — Occupational Code