The Acme Institute and Acme Referral Network Real Estate School and Holding Company, Gwyn Besner President

Getting Started on a Career in Real Estate

The Acme Institute offers a variety of approved classes designed to qualify you for a career in the real estate, construction, or auction professions and to enable you to keep your licenses up to date. This page is always being updated when new rules, regs, laws, and ideas come to light. Please feel free to contact Gwyn if you have an idea for an addition to this page.

To View the Candidate Information Bulletin:
(This Bulletin can only be viewed using Internet Explorer. It will not work with Firefox, or any other web browser)

To view the Michigan requirements for Salespersons licensure, .

To view the Michigan requirements for Brokers licensure, .

There is a new system for obtaining your real estate salesperson's license in Michigan.

Go to www.michigan.gov/icola.com and create an account.
Take the 40 hour pre-licensure course.
Make an application for your sales person license using your icola account.
Broker approves the application
Click Here and print out page thirteen (13) of the Candidate Information Bulletin, which is the registration form. When you have completed the form, fax or mail it to PSI. The charge is $48.00 which is payable by credit card, certified check or money order.
Schedule your exam at www.psiexams.com; or call the 800 number on the fax application. If you do not yet have a broker, you may still apply online. However, you will not be issued the license until you have signed up with a broker. www.psiexams.com offers a host of information, including a candidate handbook containing all the relevant information about the exam and obtaining your license which you may download and print.
NOTE: SALESPERSON CANDIDATES, YOU MUST COMPLETE THE FUNDAMENTALS COURSE BEFORE YOU TAKE THE TEST. BROKER CANDIDATES, YOU MAY SIGN UP FOR YOUR TEST WHENEVER YOU ARE READY. THE BROKER LICENSE WILLNOT; HOWEVER, BE ISSUED UNTIL ALL THE REQUIREMENTS ARE MET.

For license information in other states .

Help Taking Your Test (And Passing!)
FREE SAMPLE EXAMS! These are awesome. Not just Michigan, but other state exams are also available. These FREE 100 question sample Broker and Salesperson Exams were found at the Michigan E Library This is free to Michigan residents.

NOTE:To open the eLibrary in a new window:
Place your cursor over the "Michigan E Library" link and press the RIGHT mouse button
Choose "Open Link in New Window"

Instructions:
Enter your Michigan drivers license number and click on SUBMIT.
Set up an accout name and password.
In the "search" space at the upper left of the page, type in "Michigan real estate salespersons practice exam"
A menu of courses will now open.
As a disclaimer, I found three (3) questions on the Salesperson Sample #1 where I disagree with the answers. One is a tax proration. They used a 36 day "month". I have written to them and am awaiting a response.

If you have not obtained my review CD, you may wish to consider purchasing it. It is available for $10.00, plus $4.40 postage and handling. Call 800-799-0483, or write your name and address on a slip of paper and mail it to PO Box 328 ~ Acme, MI 49610, or send me an email message. If you wish to purchase on line and pay with a charge card click on the "Buy Now" button.

Suffering from "Test Anxiety"?

Need Application Forms?

Broker Candidates, you may click on the above link for your experience forms and complete your education and then make application. You are NOT a Broker until the license comes in the mail!

I know, it is hard to wait and you are eager to get going, so. . .a couple of weeks after you have applied you should be able to go online and find your name. That means that in short time your license will come in the mail. They will try to get it to you in less than a month. Don't get over-eager and begin "brokering" before it comes. To check your status on line,

FOR BROKERS ONLY. . .Setting up your office

You will need a Fair Housing Poster. The logo doesn't have to be on your business card. HUD says it should be, but it is still optional. To get the logo .

The Traverse Area Association of REALTORS® has the posters. If you are not a member of TAAR, check with your Association office to see if they have them as well. HUD has three (3) offices in Michigan:

The Trade Center Building
50 Louis Street NW
Grand Rapids, MI 49503
Phone: 616-456-2100
Mi_Webmanager@HUD.gov
HUD Phoenix Building
4th Floor
801 S. Saginaw Street
Flint, MI 48502
Phone: 810-766-5112
McNamara Federal Building
477 Michigan Avenue
Detroit, MI 48226
Phone: 313-226-7900
For a copy of the "Red Book", .

You will need to write a Policy and Procedure Manual. For guidance you may use mine as a guide. I do not intend for you to copy it. Your manual is personal to your office. One of the more difficult portions of writing a Policy and Procedure Manual may be the language for defining the style of agency that will be practiced in your office.

You will need an Independent Contract Agreement with your agents. For a copy

What style of business shall you become? Sole Proprietorship? Partnership? Corporation? LLC? Check out the Michigan Entrepreneur's Guide.

There is also a NEW interactive website posted by the State of Michigan on setting up a business. This site will take you all the way from establishing a name through getting additional licenses, such as a sales tax license. To access this site,

To determine if your corporate or LLC name has already been registered,

Need more information? Have more information to add to this site? Send an email to gwyn@theacmeinstitute.com.

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