100+ Free MI RE Broker Practice Questions
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Key Facts: MI RE Broker Exam
~55%
First-Time Pass Rate
PSI
115
Exam Questions
National + State portions
70%
Passing Score
Each portion separately
90 hrs
Pre-License Education
LARA requirement
3 yrs
Salesperson Experience
Active within last 6 years
$79
Exam Fee
PSI
Michigan's broker exam requires 90 hours of broker-specific pre-license education and 3 years of active salesperson experience. The exam has both national and state portions, testing brokerage operations, trust account management, Michigan Occupational Code Article 25, and LARA regulations. Michigan is notable for requiring brokers to maintain a physical office location and testing extensively on the state's seller disclosure requirements and environmental hazards like lead paint and radon.
About the MI RE Broker Exam
The Michigan real estate broker exam is administered by PSI on behalf of the Michigan Department of Licensing and Regulatory Affairs (LARA). It consists of a national portion and a state-specific portion covering Michigan real estate law, brokerage management, trust accounts, and the Michigan Occupational Code. Candidates must complete 90 hours of approved pre-license education and have 3 years of active salesperson experience.
Questions
115 scored questions
Time Limit
3 hours
Passing Score
70%
Exam Fee
$79 (PSI (for Michigan LARA))
MI RE Broker Exam Content Outline
Brokerage Management & Operations
Office management, branch offices, broker-salesperson relationships, independent contractor agreements, advertising compliance, record retention
Trust Accounts & Fund Handling
Trust account requirements, earnest money deposits, commingling, conversion, reconciliation, LARA audit procedures
Michigan Real Estate Law
Occupational Code Article 25, LARA regulations, seller disclosure requirements, land contract provisions, Michigan environmental laws
Contracts & Transactions
Purchase agreements, listing agreements, land contracts, closing procedures, title insurance, Michigan-specific contract provisions
Finance & Property Valuation
Mortgage types, Michigan transfer tax, appraisal methods, property tax calculations, economic principles
Agency, Ethics & Fair Housing
Michigan agency disclosure, dual agency, fiduciary duties, Elliott-Larsen Civil Rights Act, federal fair housing
How to Pass the MI RE Broker Exam
What You Need to Know
- Passing score: 70%
- Exam length: 115 questions
- Time limit: 3 hours
- Exam fee: $79
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
MI RE Broker Study Tips from Top Performers
Frequently Asked Questions
How hard is the Michigan real estate broker exam?
The MI broker exam is moderately difficult with a ~55% first-time pass rate. It requires 90 hours of broker pre-license education, 3 years of salesperson experience, and covers both national real estate concepts and Michigan-specific law including the Occupational Code Article 25. Trust account management and brokerage operations are heavily tested.
How many questions are on the Michigan broker exam?
The Michigan real estate broker exam has approximately 115 multiple-choice questions split between a national portion and a state-specific portion. You have 3 hours to complete both portions and need 70% on each portion to pass. The exam is administered by PSI at testing centers throughout Michigan.
What are the prerequisites for a Michigan broker license?
You need 90 hours of approved broker pre-license education (including courses in broker management, real estate law, and electives), 3 years of active salesperson experience within the previous 6 years, and must pass both the national and state portions of the broker exam with 70% or higher.
What topics are most tested on the Michigan broker exam?
The most heavily tested broker-level topics include trust account management (commingling, conversion, reconciliation), brokerage operations (supervision, advertising, record keeping), Michigan Occupational Code Article 25, seller disclosure requirements, and the Elliott-Larsen Civil Rights Act. Land contracts are also a Michigan-specific focus area.