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Licenses & Requirements

NEW REAL ESTATE BROKER; RELICENSURE

 Qualifying Education Exams Experience Continuing Education
90 clock hours of approved coursework required within 36 months of application, unless licensed continuously.

Examination  (administered by PSI Services, LLC.)

at least 3 years full time experience as a real estate salesperson, or equivalent experience(Rule 205).

2 clock hours every year; 18 total per 3 year cycle 

 

An applicant for a broker license must meet all requirements for licensure before submitting an application to the Department. Successful broker license exam candidates will be provided an Associate Broker License Application with their passing score notification. Other types of broker license applications (Individual, LLC, Corporation, Partnership) can be found at forms and publications. An application must verify required real estate experience and successful completion of all required education. Some applicants will be required to provide other documentation depending upon their background, e.g. all applicants must possess good moral character; applicants who currently hold, or have ever held a real estate license in another state or jurisdiction must submit a current letter of good standing from each regulatory entity.

An individual may be licensed as either an Individual Broker, which denotes operation as a sole proprietorship, or as an Associate Broker, an individual who qualifies as a broker but is licensed to a Broker or another broker entity type, LLC, partnership, corporation broker. If Individual Brokers are using a business name (e.g., John Doe d.b.a. Doe Realty), an assumed name certificate must be obtained from the county clerk's office and filed with the application. An Associate Broker cannot operate with an assumed name. If the broker's license will be held by an entity, at least one owner or principal must apply for an Associate Broker's license to that broker. The Department has a brochure entitled "Your Real Estate Broker License Application -- An Applicant's Guide" (BCS/LRE-035) - to assist applicants through this process.

Please click here for broker license application forms (new and relicensure)

NEW REAL ESTATE SALESPERSON; RELICENSURE

 Qualifying Education Exams Experience Continuing Education
40 clock hours of approved real estate fundamentals

Examination.  (administered by PSI Services, LLC.)

None.

2 clock hours every year; 18 total per 3 year cycle 

 

An applicant for a real estate salesperson license must be 18 years of age and have successfully completed education and examination requirements required by the Occupational Code, PA 299 of 1980, as amended. 

Effective December 1, 2007, prior to taking the exam, salesperson candidates will be required to apply for their license on-line at www.michigan.gov/iCOLA.  This system (iCOLA) will allow applicants who have completed the application process on-line, and have had a broker verify their employment relationship, to receive their license immediately upon passing the licensing examination. This system requires brokers to go on-line to verify that an applicant is approved for employment by their office (this would be the same as signing the bottom of a salesperson's paper application in the past).  Brokers must register at www.michigan.gov/iCOLA .

 

 

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Related Content
 •  Frequently Asked Questions - Applicants
 •  Frequently Asked Questions - Legal Issues
 •  Frequently Asked Questions - General Issues
 •  Approved Real Estate Prelicensing Courses
 •  Fees PDF icon
 •  Request for Disciplinary Action Information PDF icon
 •  Request for Conviction History PDF icon
 •  Consent to Service of Process PDF icon
 •  Real Estate Forms
 •  Real Estate - Directory of State Licensing Boards PDF icon
 •  Broker Applicant's Guide PDF icon
 •  List of Approved Schools PDF icon
 •  Licensing Examinations

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