Quick Answer: How do I become a realtor in MI?

How long does it take to get realtor license in Michigan?

Candidates for a Michigan real estate salesperson license must complete 40 hours of Pre-Licensing education, obtain three complete candidate endorsements (recommendations), and successfully pass the state licensing exam.

How much does a realtor make in Michigan?

The average salary for a realtor is $94,133 per year in Michigan.

How much does a real estate agent make a month in Michigan?

How much does a real estate agent make a month? Real estate agents make an average of $5,980 per month according to reported pay by Indeed users.

How hard is 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.

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Do Realtors make a lot of money?

In Alberta, Real estate agents and salespersons earn an average of $30.35/hour or $61,168.00/year.

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.

What’s the highest paying job in Michigan?

Highest Paying Jobs in Michigan (via Zippia):

  • Consultant And Sales Representative. …
  • Pain Management Physician. …
  • President/chief Executive Officer. …
  • Executive Vice President Of Sales. …
  • Vice President, Corporate Development. …
  • President Chief Technology Officer. …
  • Sales And Marketing Vice President. …
  • President And General Manager.

How much do the top 1% of Realtors make?

Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.

Is the Michigan real estate exam multiple-choice?

The format of the Michigan real estate exam is multiple-choice. Each individual question has four possible answers.

Who’s the highest paid real estate agent?

DALLAS, May 12, 2020 /PRNewswire/ — Ben Caballero, a current Guinness World Record title holder and No. 1-ranked real estate agent in the U.S., set a new record for home sales in Dallas-Ft. Worth last year.

Do real estate agents get paid hourly?

No, real estate agents do not get paid hourly. Instead, agents work on a commission basis. The amount of money an agent earns in commission will depend on various factors and will likely be different for every agent.

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.

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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.

How long is the Michigan real estate exam?

Next up, you need to schedule, take, and pass your Michigan real estate exam. Once LARA authorizes you to take this test, you can schedule it with PSI, the state’s testing partner. The test is closed-book and three hours long.

How many questions is the Michigan real estate exam?

The salesperson exam consists of 115 questions. To pass, you must answer correctly at least 70% of the questions. The broker and associate broker exam consists of 120 questions. To pass, you must answer correctly at least 75% of the questions.