Michigan LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate

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To earn your real estate license in Michigan, you must be at least 18 years old, complete 40 hours of approved education, submit an exam application and receive authorization to test, pass the Michigan real estate salesperson licensing exam, and secure employment with a sponsoring broker.
How do the changes impact buyers in Michigan? Buyers in Michigan are now required to agree in writing to their agents commission before they start looking at homes. However, they still have the opportunity to negotiate with sellers to cover some or all of these fees during the offer process.
Any business that intends to sell products and goods needs a Michigan resale certificate. Without one, sales taxes would be collected twice, first when you purchased the items from your vendors and suppliers, and a second time when you resold them to your customers.
Sec. 2502b. (1) Unless the owner engages the services of a real estate broker in connection with those sales, an individual who is the owner of real estate must obtain a license as a real estate broker to engage in the sale of that real estate as a principal vocation.
Criminal Penalties. Some states make it a felony to practice real estate without a license. A felony conviction carries the possibility of prison time of a year or more, plus fines.
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People also ask

A real estate licensee can be the agent of both the seller and the buyer in a transaction, but only with the knowledge and informed consent, in writing, of both the seller and the buyer.
1. How much does it cost to get your real estate license in Michigan? Average Course Tuition$199-$429 Michigan Real Estate License Exam $79 License Application Fee $10 Yearly License Fee $78 Total $366-$596

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