Michigan Real Estate Exam Study Guide: Tips & Strategies

Getting ready for the Michigan real estate exam? It might feel a bit overwhelming, but don’t worry. With the right prep and mindset, you can pass it on your first try.

In this Michigan real estate exam study guide, we’re covering everything you need to know, from what’s on the exam to study strategies and tips for exam day. Let’s dive in!

How many questions are in the Michigan Real Estate Exam?

The Michigan real estate license requirements vary depending on whether you’re taking the exam for a salesperson or a broker license. Here’s how many questions are on the Michigan real estate exam and the passing scores:

• The salesperson exam includes 115 multiple-choice questions. The passing percentage score is 70% of the total questions.

• The broker exam includes 120 multiple-choice questions. The passing percentage score is 75% of the total questions.

For the most accurate and reliable information about the Michigan Real Estate Exam, make sure to check the Michigan Real Estate Candidate Information Bulletin.

What is the exam content?

Both the Salesperson and Broker exams share similar content areas. The primary difference lies in the depth and focus on state-specific laws for brokers. Here are the common topics:   

• Property Ownership.
• Land Use Controls.
• Valuation.
• Financing.
• Contracts.
• Agency.
• Property Disclosures.
• Property Management.
• Transfer of Title.
• Practice of Real Estate.
• Real Estate Calculations.
• Duties and Powers of the Department and the State Board of Real Estate.
• Licensing Requirements.
• Statutory Requirements Governing the Activities of Licenses.
• Contractual Relationships.
• Additional State Topics.

Wondering how hard the Michigan real estate exam is? While the exam content may seem challenging, with the right study resources and a committed approach, you’ll be well-prepared to succeed! Also, make sure to review these areas in more detail for the Broker exam.

How Do You Get Ready for Your Exam?

The key to passing the exam is good preparation. Here’s how to set yourself up for success:

• Start Early: Start your study routine at least 6 to 8 weeks before the exam date.
• Split Your Study Time: Divide your time between national topics and Michigan-specific laws, focusing on the areas that you find most challenging.
• Review State-Specific Laws: Be sure to review the key Michigan real estate laws and regulations covered in your pre-licensing program.
• Use High-Quality Study Resources: Invest in study guides, textbooks, and online resources that come highly recommended.
• Practice Regularly: Consistent practice is key to mastering the material. Take practice tests regularly to familiarize yourself with the exam format and identify areas where you need to focus more.

Lexawise provides study materials specifically designed for the Michigan real estate exam, making complex topics easier to understand: adaptive practice tests, topic-based quizzes, spaced repetition, vocabulary flashcards, a Math cheat sheet, and a progress tracker that shows exactly when you’re ready to pass the exam.

Special Areas of Practice 

When preparing for the Michigan real estate exam, focusing on these specific practice areas will help you stand out and prepare you for a variety of real-life situations: 

• Property Management: Understanding the laws related to property management, lease agreements, maintenance requirements, and tenant relations is essential. 
• Real Estate Investments: Mastering investment analysis, financing options, and real estate appraisal techniques. These skills are essential to understanding the financial aspects of the real estate market. 
• Real Estate Law: A basic understanding of the laws governing real estate transactions in Michigan is essential to ensuring compliance and protecting client interests. 
• Real Estate Development: This field requires a solid understanding of local building codes, land use laws, and market trends to effectively navigate zoning, permitting, and construction procedures. 

Focusing on these specialized areas will not only help you pass the exam but will also provide you with a solid foundation for your real estate career. Consider dedicating extra study time to these topics to ensure you are well prepared to meet any challenges.

Tips for the Big Day

On the exam day, try not to stress. If you have put in the work, you will be ready to tackle the exam. Here are some tips:

• Get Enough Sleep: A good night’s rest will help you stay alert and focused during the exam.
• Arrive Early:  Arrive at the testing center 15 to 20 minutes before your scheduled time so you have time to check in and get comfortable.
• Bring Valid ID: Make sure you have two forms of valid identification, as required by PSI.
• Keep Calm and Pace Yourself: You have 3 hours for the salesperson exam and 3.5 hours for the broker exam to finish. Don’t rush through questions. If you’re unsure of an answer, mark it and come back to it later.

What Happens If You Don’t Pass?

It’s okay—about 40% of people don’t pass on their first try, so you’re not alone.

The good news? You only need to retake the section you didn’t pass. If you pass the national portion but struggle with the state portion, you can focus solely on retaking the state exam.

Your License Study Timeline

Consistency is key to retaining the information.  Here’s a proven study timeline to help you absorb the material effectively.

• Weeks 1-3: Complete your required coursework and take good notes.
• Weeks 4-5: Start taking practice exams and identify weak areas.
• Weeks 6-7: Focus heavily on your problem areas and Michigan-specific material. 
• Week 8: Light review and final practice tests.

Best Michigan Real Estate Exam Prep

Lexawise stands out as one of the most complete and effective platforms available. It’s detail-crafted for aspiring real estate professionals and offers high-quality study support:

• 4,500+ Practice Questions across every key exam topic
• Smart Analytics to track your performance and progress
• Real Estate Math Guide with easy-to-follow steps
• Unlimited Practice Exams to build confidence and endurance
• Real Estate Exam Study Guide PDF to study anywhere, anytime
• 800+ Flashcards to master your exam’s real estate terms
• 24/7 AI Tutor ready to answer your questions on the spot
• Video Lessons to visually guide you through complex concepts
• Audio Lessons so you can review key material on the go, hands-free

Final Considerations

Passing the Michigan real estate exam is a huge step. But with the right plan and study guide, you can crush it. Use study methods that work for you, take plenty of practice exams, and count on solid resources like Lexawise to help you with both the national and state parts.

Don’t rush. Stay focused, and soon enough, you’ll be ready to get your real estate license in Michigan!