Is the Michigan real estate exam hard?
Remember, the Michigan real estate exam is hard to pass and over 50% fail the first time. Not only that, but it is expensive to try again. This course has everything you need to pass the first time at a price that is unmatched. If you truly want to hurry up and pass the exam, enroll in our course right now.
Is the Michigan real estate exam easy?
Passing the Michigan real estate exam It all seems pretty straightforward — except for the exam. Most people report that the three-hour test is the most difficult part of the real estate licensure process in Michigan. Your 40 hours of pre-license education should give you all the info you need to ace your exam.
Which state has the hardest real estate exam?
Colorado
Colorado is regarded as the hardest state since agents need to cover 160 hours of education, pass two tests, pass a background check, and be fingerprinted. In contrast, most other states require less than 100 education hours, with the majority falling with the 40-hour requirement.
How many questions are on the Michigan real estate exam?
115 questions
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.
How much does an average realtor make in Michigan?
The average salary for a real estate agent in Michigan is around $46,160 per year.
Is the Michigan real estate exam multiple choice?
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.
What kind of 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.
Why is it so hard to pass the real estate exam?
These tests are demanding: You may see questions pertaining to the responsibilities of real estate professionals, certain national state and regulations, real estate finance, and real estate ethics, and you may even some moderately complex math problems. Simply put, this is a test that you need to study for.
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.
How much does a realtor make in Michigan?
What is the highest paid job in Michigan?
Detailed List Of Highest Paying Jobs In Michigan
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Consultant And Sales Representative | $221,460 |
| 2 | Pain Management Physician | $197,971 |
| 3 | President/chief Executive Officer | $192,342 |
| 4 | Executive Vice President Of Sales | $191,007 |
How much does it cost for real estate license in Michigan?
Fees: Examination Fees (Salesperson: $ 85). License (Salesperson: please check this document to identify your fee, values range from $ 40 to $ 90) Proof of age 18 and above. Proof of completion of 90 hours of pre license education.
How many questions do you have to answer to pass real estate exam?
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. You will receive your score immediately after you complete your exam.
How long is the real estate associate broker exam?
For the salesperson exam: you are allowed a total of 180 minutes. For the broker and associate broker exam: you are allowed a total of 210 minutes. What should I bring with me for the exam?