These Michigan real estate exam questions and explanations are the top concepts to prepare for when you study.
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The national portion of the exam is meant to test your general knowledge of the real estate industry with the following sections:
Property Ownership (8% of questions)
Land use controls and regulations (5% of questions)
Valuation and market analysis (7% of questions)
Financing (10% of questions)
General principles of agency (13% of questions)
Property disclosures (6% of questions)
Contracts (17% of questions)
Leasing and property management (3% of questions)
Transfer of title (8% of questions)
Practice of real estate (13% of questions)
Real Estate calculations (10% of questions)
In the state-specific section, you’ll be tested on the nitty-gritty of laws and policies related to real estate in Michigan, like:
Duties and Powers of the Department and the State Board of Real Estate (3 questions)
Licensing Requirements (5 questions)
Statutory Requirements Governing the Activities of Licenses (10 questions)
Contractual Relationships (5 questions)
Additional State Topics (12 questions)
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