Licensing and Regulatory Affairs
The Michigan real estate examinations are administered by PSI Services, LLC (PSI). The Real Estate Broker and Salesperson Candidate Information Bulletins (CIB) have been posted to PSI's website at www.psiexams.com . Follow the prompts to select "Michigan" as the state and the type of exam. The CIB details examination registration procedures and exam content.
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 .
The new system will work as follows:
The requirements to obtain a salesperson license remain the same: a 40-hour fundamentals class, passing the exam, possessing good moral character and a valid employing broker. If you have passed the salesperson exam prior to 12/1/07, you will not be able to apply for licensure via iCOLA, please use the application given to you at the exam site.
The license and exam application processes for brokers and associate brokers remain unchanged at this time, but it is anticipated that they too will be automated in the future.
We encourage ALL brokers to immediately access iCOLA to create a permanent user ID and password to verify new salesperson relationships as the need arises. If you have questions about creating your user name and password on iCOLA, please call (517) 373-7353 to reach the real estate unit.