Question: How do I study for the Michigan real estate exam?

How hard is it to pass the Michigan real estate exam?

The real estate salesperson exam in Michigan is one of the hardest to pass in the country. In fact, more than 50 percent of those who take it fail one or both sections the first time around. However, you can decrease your risk of first-time failure by making sure you’re fully prepared for the exam.

What questions are on the Michigan real estate exam?

Five of the exam topics are state-specific.

  • Contracts – 17% of the Questions.
  • General Principles of Agency – 13% of the Questions.
  • Practice of Real Estate – 13% of the Questions.
  • Financing – 10% of the Questions.
  • Real Estate Calculations – 10% of the Questions.
  • Property Ownership – 8% of the Questions.

How many questions can you get wrong on the Michigan real estate exam?

There are 115 multiple-choice questions on the Michigan state licensing exam. You must answer at least 80 questions correctly (70%) in order to pass. There is a 180-minute time-limit for the exam.

THIS IS EXCITING:  Is Buying a Home deprivation of capital?

What score do I need to pass Michigan real estate exam?

The State exam consists of 115 questions with a passing grade of 70% (80 out of 115 questions answered correctly) and a time-limit of 180 minutes. Once you pass the State exam, you are now eligible to receive your Michigan real estate salespersons license.

Can you take the Michigan real estate exam online?

Real Estate BROKER licensing examination candidates do NOT need to apply to the state before testing. You can take this test on Computer.

How many times can you take the Michigan real estate exam?

How many times can I take the MI pre-license course final exam? ​You can take the final exam for the 40-hour Michigan real estate salespersons course as many times as needed until you pass.

Where do I take the Michigan real estate exam?

You must take the Michigan state licensing exam at a PSI testing center. There are seven PSI locations within the state of Michigan. However, you can take the state exam at any PSI testing center throughout the country.

How much does it cost to take the Michigan real estate exam?

How much does it cost to get a Michigan real estate license. In addition to tuition costs for the required Pre-Licensing education (which may vary per course provider), the state licensure exam fee is $76 and the state application fee is $88 for a three year cycle.

How long is Michigan real estate exam?

Pass the Michigan real estate examination.

PSI administers the Michigan real estate licensing exam. This 115 question test is comprised of two portions, covering both state and national requirements, which you will have 180 minutes to complete. For more information, see the PSI candidate exam information here.

THIS IS EXCITING:  Can foreigner sell inherited property in India?

How do I pass the Michigan builders license test?

The Residential Builders Trades Exam features 100 questions. To pass, you will need to get a score of 73%, meaning you’ll need to answer 73 questions correctly. Overall, you’re allowed 150 minutes to complete the exam.

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

You can generally expect to see between 5 to 20 math questions on the state real estate exam.