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What are the requirements for becoming a real estate broker in Michigan?
Michigan Broker License & Requirements (Source: LARA)
“Contact: Board of Real Estate Brokers & Salespersons (517) 241-9288
Agency: Licensing and Regulatory Affairs
Exams: Examination (administered by PSI Services, LLC)
Qualifying Education: 90 clock hours of approved coursework required within 36 months of application, unless licensed continuously
Experience: at least 3 years full time experience as a real estate salesperson, or equivalent experience (Rule 205).
Continuing Education: 2 clock hours of Legal updates every year, 18 total per 3 year cycle.
An applicant for a broker license must meet all requirements for licensure before submitting an application to the Department. Successful broker license exam candidates will be provided an Associate Broker License Application with their passing score notification. Other types of broker license applications (individual, LLC, Corporation, Partnership, etc.) can be found on our Forms & Publications page. An application must verify required real estate experience and successful completion of all required education. Some applicants will be required to provide other documentation depending upon their background.
An individual may be licensed as either an Individual Broker, which denotes operation as a sole proprietorship, or as an Associate Broker, an individual who qualifies as a broker but who is licensed to a broker or another broker entity type, LLC, partnership, corporation broker. If Individual Brokers are using a business name (e.g., John Doe d.b.a. Doe Realty), an assumed name certificate must be obtained from the county clerk’s office and filed with the application. An Associate Broker cannot operate with an assumed name. If the broker’s license will be held by an entity, at least one owner or principal must apply for an associates broker’s license to that broker.”