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Michigan Real Estate Salesperson Vocabulary Game

Exam terms with clues and explanations by OpenExamPrep.

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4 Games
20 Terms
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Topics in the Michigan Real Estate Salesperson Vocabulary Game

1 term

Property ownership

1 term

Land use controls

1 term

Property appraisal

1 term

Mortgage financing

2 terms

Contract law

1 term

Agency relationships

2 terms

Property disclosures

1 term

Property management

1 term

Transfer of title

1 term

Practice of real estate

1 term

Real estate math

1 term

Duties and powers

1 term

Licensing requirements

1 term

Statutory requirements

2 terms

Contractual relationships

2 terms

Additional state topics

Sources for these terms (23)

About the MI Real Estate Exam

The Michigan real estate salesperson exam covers national real estate fundamentals plus Michigan-specific topics including LARA (Licensing and Regulatory Affairs) duties and powers, the Occupational Code, agency relationships and disclosure rules, trust accounts, seller disclosure obligations, the Land Division Act, Michigan civil rights laws, the state transfer tax, and Michigan-specific landlord-tenant law.

Exam sponsor: MI LARA / PSI. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Questions

115 questions

Time Limit

3 hours (180 minutes)

Passing Score

70%

Exam / Certification Fees

$79

Exam sponsor website

Reported exam pass rate: 55%. estimated first-time pass rate (MI LARA/PSI 2024) This describes exam candidates, not OpenExamPrep users or results from using our resources. Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Frequently Asked Questions

Is the Michigan Real Estate vocabulary game free?

Yes. The game is free to play with no sign-up. Signing in adds AI explanations for any term.

How do the Michigan Real Estate vocabulary games work?

There are 4 games built on 20 Michigan Real Estate terms. In Guess the Term, a clue describes one term and you have six tries to spell it, with green, yellow and gray letters showing how close you are. In Term Match, six terms appear as colored tiles; swap neighbors to line up three or more of the same term, and each match shows what the term means. In Term Pairs, twelve face-down cards hide six pairs of terms; flip two at a time to find each pair, and every pair you find shows what the term means. In Term Search, five terms hide in a grid of letters, reading across, down or diagonally; drag across a term to circle it, and each term you find shows what it means.

Where do the Michigan Real Estate terms come from?

OpenExamPrep researched each term from the MI LARA / PSI content outline and primary sources, listed under Sources on this page. The game is independent study material, not an official exam resource.

How many questions are on the Michigan real estate salesperson exam?

The MI salesperson exam has 115 scored questions: 80 national and 35 Michigan-specific. PSI's bulletin sets the pass mark at 70%, a raw score of 80 out of 115, with 180 minutes allowed. Five to 10 unscored experimental questions may be added, and their time does not count.

What is Proposal A and how does it affect Michigan real estate?

Proposal A (1994) caps annual property assessment increases at the lesser of 5% or the rate of inflation. When a property sells, the taxable value 'uncaps' and resets to 50% of market value (SEV). This creates significant tax differences between long-held and recently sold properties.