200+ Free MI Real Estate Practice Questions

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What is the minimum age requirement to obtain a Michigan real estate salesperson license?

18 years old

19 years old

21 years old

20 years old

to track

2026 Statistics

Key Facts: MI Real Estate Exam

115 Q

Exam Length

PSI MI salesperson candidate bulletin

80 + 35

National + State Split

PSI MI

70%

Passing Score

MI LARA

40 hrs

Pre-License Education

LARA licensing requirements

$79

Exam Fee

PSI MI fee schedule

$8.60/K

Combined Transfer Tax

MI Revenue

Michigan requires 40 hours of pre-license education and passage of the PSI exam (80 national + 35 state questions, 70% to pass). Proposal A (1994) caps annual assessment increases at the lesser of 5% or inflation; taxable value uncaps to SEV (50% market value) upon sale. Sellers must complete a comprehensive Seller Disclosure Statement.

Sample MI Real Estate Practice Questions

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1What is the minimum age requirement to obtain a Michigan real estate salesperson license?

A.18 years old

B.19 years old

C.21 years old

D.20 years old

Explanation: Michigan requires real estate salesperson applicants to be at least 18 years of age, which is the standard requirement across most states.

2How many hours of pre-license education are required for a Michigan real estate salesperson license?

A.40 hours

B.60 hours

C.75 hours

D.90 hours

Explanation: Michigan requires 40 hours of approved pre-license education with emphasis on real estate law. This is one of the lower requirements compared to other states.

3Which Michigan state agency regulates real estate licensees?

A.Michigan Department of Licensing and Regulatory Affairs (LARA)

B.Michigan Real Estate Commission

C.Michigan Department of Commerce

D.Michigan Attorney General

Explanation: The Michigan Department of Licensing and Regulatory Affairs (LARA) regulates real estate licensees through its Corporations, Securities & Commercial Licensing Bureau.

4What is the passing score required on the Michigan real estate salesperson examination?

A.70% on both national and state portions

B.75% on both portions

C.60% on both portions

D.80% on both portions

Explanation: Michigan requires a minimum passing score of 70% on both the national portion (80 questions) and the state-specific portion (40 questions) of the salesperson exam.

5How many questions are on the Michigan real estate salesperson exam?

A.120 questions (80 national + 40 state)

B.100 questions (60 national + 40 state)

C.150 questions (100 national + 50 state)

D.110 questions (70 national + 40 state)

Explanation: The Michigan real estate salesperson exam consists of 120 total questions: 80 questions covering national real estate content and 40 questions covering Michigan-specific content.

6What testing company administers the Michigan real estate salesperson exam?

A.PSI Services

B.Pearson VUE

C.Prometric

D.AMP

Explanation: PSI Services administers the Michigan real estate salesperson examination at various testing centers throughout the state.

7What is the continuing education requirement for Michigan real estate license renewal?

A.18 hours every 3 years (including 2 hours legal updates and 1 hour fair housing per year)

B.24 hours every 2 years

C.12 hours every year

D.30 hours every 4 years

Explanation: Michigan requires 18 hours of continuing education every 3-year renewal period, including 2 hours of legal updates and 1 hour of fair housing training each year.

8Which of the following is NOT required to obtain a Michigan real estate salesperson license?

A.A college degree

B.40 hours of pre-license education

C.Passing the state exam

D.High school diploma or GED

Explanation: Michigan does NOT require a college degree. Requirements are: be 18+, have high school diploma or GED, complete 40 hours education, pass the exam, and find a sponsoring broker.

9What is the license period for Michigan real estate salespersons?

A.3 years

B.2 years

C.4 years

D.1 year

Explanation: Michigan real estate salesperson licenses are issued for a 3-year period and must be renewed with continuing education completion and fee payment.

10What must a Michigan real estate salesperson have before they can practice?

A.A sponsoring broker

B.Their own office

C.At least 3 years experience

D.A broker license

Explanation: Michigan salespersons must work under the supervision of a licensed broker who sponsors their license. They cannot practice real estate independently.

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) requirements, the Occupational Code, agency disclosure rules, seller disclosure obligations, property taxation (SEV, taxable value, Proposal A), and Michigan-specific landlord-tenant law.

Questions

115 scored questions

Time Limit

3 hours 30 minutes

Passing Score

70%

Exam Fee

$79 (MI LARA / PSI)

MI Real Estate Exam Content Outline

25%

LARA Licensing & Regulation

LARA structure, Occupational Code, 40-hour pre-license, license types, CE (18 hrs/3 years), trust accounts

25%

MI Agency & Disclosures

Agency disclosure (first meaningful contact), seller disclosure statement, dual agency consent, buyer agency agreements

25%

MI Contracts & Closing

Purchase agreements, land contracts, mortgage lending, closing procedures, title insurance, recording

25%

MI Property Tax & Regulations

SEV, taxable value, Proposal A (assessment cap), uncapping, homestead exemption, transfer tax (county + state), fair housing

How to Pass the MI Real Estate Exam

What You Need to Know

Passing score: 70%
Exam length: 115 questions
Time limit: 3 hours 30 minutes
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 Real Estate Study Tips from Top Performers

1Master Proposal A: assessment capped at lesser of 5% or inflation, uncaps on sale to SEV (50% market value)

2Know Michigan transfer taxes: $0.55/$500 county + $3.75/$500 state = $8.60/$1,000 total

3Study the Seller Disclosure Statement: covers structural, environmental, and material defect categories

4Understand LARA's role: licenses real estate professionals under the Occupational Code

5Learn Michigan agency disclosure timing: must be provided at first meaningful contact

Frequently Asked Questions

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

The MI exam has 115 total questions: 80 national and 35 state-specific. You must score 70% on each section. PSI administers the exam with 3.5 hours total.

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.

What education is required for a Michigan real estate license?

Michigan requires 40 hours of pre-license education covering real estate fundamentals and Michigan law. After licensing, 18 hours of CE are required every 3 years, including 2 hours of legal updates.

How does Michigan's transfer tax work?

Michigan charges two transfer taxes at closing: a county transfer tax of $0.55 per $500 and a state transfer tax of $3.75 per $500 of the sale price. Combined, this equals $8.60 per $1,000 of value.