Are you wanting to get a Michigan real estate license but don’t know what the requirements are, what the costs are, or how hard it may be to pass the exam?

If so, then you have come to the right spot. This site will help you find all the relevant information you need to become a Michigan real estate agent. So if you are new to the world of real estate and want to start it off right by getting your license, then dig in to Michigan Real Estate License .net and find the information you need to get started quickly and easily.

Who am I you might ask? I am a successful real estate agent and investor, and I wanted to give you a powerful resource that would combine the following:

• Michigan real estate license requirement information
• Cost information
• Viable mediums to complete your educational piece of the licensing process

I have my own investment property, I manage property for others, sell real estate and do repair and rental projects. So trust me when I say that you can become a real estate agent, and you can win. Just follow this blog to the letter, and you’ll have that license before you know it.

Good luck!

Sincerely,

Jeffry Evans
Agent and Investor

Michigan Real Estate License – The Benefits

There are two great benefits that you will be able to take advantage of when you get your Michigan real estate license. The first is commissions! Now, you probably already know that, but did you know that the typical agent fee is about 6%? Now often, that may be split by as many as 4 ways (you, your broker, another agent and their broker), but you will very likely at least end up with 1.5% of the deal.

So let’s say that all you get, and you sell your first house for $190,000. At 1.5%, you will earn $2,850!

That’s a really nice first check! Now, let’s say that you find the buyer as well, and you split the commission only with your broker. Well in this case, you will earn $5,700.

Now that’s much better!

OK, so the commissions are great. What else do you get?

Well the other major benefit to having a Michigan real estate license is the opportunity to get access to the MLS (multiple listing service). The MLS is a service, usually web enabled, that will allow you to comb through the entire local real estate market (except for FSBOs), to do market analysis, and get instant updates when a property comes up for sale.

This is really powerful. I mean when a great deal hits the market, you can instantly jump on it, and get it. You don’t have to wait for someone else to spot the deal and bring it to you. You’ll have the option to check whenever you want, and often even save MLS searches (and even have new listings automatically emailed to you) so you can quickly and easily find new properties for sale.

Michigan Real Estate License – The Drawbacks

The downside to getting a Michigan real estate license is the fact that you have to jump through the hoops to get one, and take continuing education. You’ll need to complete 40 hours of real estate education, pay a state fee and submit an application in order to get your license.

But considering that first deal where you made $2,850, the little bit of time and money required to get your license will be WELL worth it.

I have been in real estate for quite a while now, and I have made and saved thousands of dollars due to having my license.

Trust me, it’s worth every penny, and every minute spent getting your license!

Now I’m not an attorney, so make sure you check with your lawyer on this (I had to put that disclaimer in there). But here is the simplified version of what you need to do in order to get your license:

• You need to be at least 18 years old
• You must be of “good moral character”
• You’ll need to complete a 40 hour MREC (Michigan Real Estate Commission) approved pre-licensing course (Currently less than $200)
• You must pass the final exam, given by AMP (Applied Measurement Professionals)
• Complete and submit your application along with the required fee
• Get a broker’s signature

Now if you are licensed in another state or you’ve held a license previously, you will need a current letter stating that you are in good standing with the real estate commission of that state.

But that’s the quick and dirty, there really isn’t anything else you need to do in order to get your Michigan real estate license. Again, let me encourage you that if you break this down into bite size chunks, you can get through this process very quickly, and before you know it, you will have your Michigan real estate license.

Now some people say that taking courses online is easy. It can be, but it takes discipline in order to make it through. You see you don’t have scheduled class times and dates to keep you on track, you have to pace yourself. So if you just set aside the time, and set a goal to be finished in, say, 2-3 weeks, you will stay motivated and breeze through the courses. If you are ready to change your life, I would go with this online Michigan real estate license institution.

They are fully qualified and approved, and they only present you with the required courses, so you’ll know that every course you take is a must, and you aren’t doing anything you don’t have to do. Best of all, they have great pricing and support. They even have packages that guarantee you’ll pass the test, or your money back.

Now online isn’t the only way to do it. You can look at all the required courses, and sign up for them at an approved college or trade school, but then you are looking at a year or two worth of school. When I was going through my required courses, I ended up completing them in a just a few weeks, not a couple of years. So I encourage you to forge ahead online, and go strong after your Michigan real estate license.

One last thing, whichever way you go, just make sure that you do your Michigan real estate license course through an approved entity. You (and I) would be sorely disappoint if you went through all the courses, then found out that none of them counted toward your license…