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
idea for an addition to this page.
To View the Candidate Information Bulletin:
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.
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.
- Go to www.michigan.gov/icola" target="_blank"
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 $78.00 which is payable by credit card or debit card.
- Schedule your exam at www.psiexams.com" target="_blank"; 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" target="_blank" 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.
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
Library" link and press the RIGHT mouse button
- Choose "Open Link in New Window"
Enter your Michigan drivers license number and click on SUBMIT.
- Set up an user name and password.
- Click on Occupation Practice Tests
- Click on Real Estate
- Select Real Estate Broker (or Salesperson) Exam Preparation
- Scroll down and click on PSI Real Estate Broker Practice Exam 1 and when you are done with it you can do Exam 2.
- 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.
Some of you may have already tested. Some have yet to go. For those of you that enjoy the review CD.
Here is a copy for your mp3 player, smart phone, etc. Many have found this helpful.
For a free download,
If you have an Iphone,
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:
For a copy of the "Red Book", .
- The Trade Center Building
50 Louis Street NW
Grand Rapids, MI 49503
- HUD Phoenix Building
801 S. Saginaw Street
Flint, MI 48502
- McNamara Federal Building
477 Michigan Avenue
Detroit, MI 48226
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
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 email@example.com.
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