Free Michigan Real Estate Practice Exam Questions (May 2025) 115+

Michigan Real Estate Exam

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Which of the following is a private land-use control?

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What is the purpose of the Michigan Board of Real Estate Brokers and Salespersons?

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What best describes the type of agency typical in property management - in which an agent has limited power?

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Tina and Tom are two unmarried individuals who own property with equal interests and without a right to survivorship. Which of the following forms of ownership would Tina and Tom most likely have?

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The owner of a secluded area adjacent to the ocean noticed that people from the local town walked along the shore in front of his property. The owner learned that the local citizens had been walking along this beach for half a century. The owner went to court to try to stop people from walking along the water's edge in front of his property. The owner is likely to be:

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Choose the best answer. Which of the following is an example of a Special Use property?

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When, if all, can an executed contract be assigned?

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When you buy real property, you gain several different kinds of rights. One of which are rights called "surface rights." What are surface rights?

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In terms of financing involved for a real estate purchase, which custom is practiced in Michigan?

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An offer to purchase real estate becomes a contract when it is signed by the

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A property owner acquired the ownership of land that was deposited by a river running through his property by what?

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What is the LAST requirement in the process of offer and acceptance that creates an executory contract?

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A contract may include a clause that limits the amount of money to which the seller is entitled in case the buyer breaches the contract. What is this called?

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Which of the following best describes the term "encroachment?"

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Acceleration is a term associated with which type of document?

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Which of the following BEST describes a contract that is voidable?

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Antitrust laws prohibit competing brokers from all of the following except:

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A claim that has the appearance of having valid title, but in reality, the person either does not hold actual title, or there is a significant defect in the written documents supporting title, that makes it invalid. This an example of which legal concept:

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A seller made a counteroffer and gave three days for acceptance. The very next day, the seller receives a better offer, which they want to accept. What is the first step the seller should make?

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Under the terms in a mortgage, the lender must be paid in full if the property is sold to another person. This is known as the

21 / 115

During your time as agent you will run into many different types of people from areas across the world. Closing is called many names depending on which region of the U.S you are from. Which of the following is NOT a legal name for closing?

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How long are terms for members of the Michigan Board of Real Estate Brokers and Salespersons?

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What is the outcome when a purchaser signs a purchase agreement and gives the seller's broker a large check?

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Your client signs a contract to buy a house and the seller refuses to sell the house at the very last minute. Your client still wants the house. What should your client do?

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Complete the following statement. The rescission of a contract occurs when:

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Which of the following would be an example of a deed restriction?

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A married couple intends to purchase property, but only if they can qualify for a mortgage loan at a reasonable rate. The qualification is

28 / 115

The Bundle of Rights include:

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By which of the following can you not lose title to your property involuntarily?

30 / 115

Local zoning ordinances often regulate all of the following except

31 / 115

Earnest money should be deposited into a trust account:

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What is a legally enforceable obligation that arises from one or more parties due to the parties actions, conduct, or circumstances?

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Which of the following is an example of Real Property?

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How many hours of continuing education are required for real estate license renewal in Michigan?

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If a Michigan real estate salesperson is fired by their broker, the broker has how many days to deliver the salesperson's wall license to the Department?

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One individual or married couple in business alone (The most common form of business structure):

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Which of the following is a Michigan fair housing protected class?

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Michigan has a real estate license reciprocity agreement with:

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Which of the following best describes real property?

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Justin takes out a mortgage loan that requires monthly payments of $650.50 for 25 years and a final payment of $30,000. What type of loan is this?

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Enacted in 1974, which of the following is a regulation that aims to give all legal individuals an equal opportunity to apply for loans?

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Which of the following would not be considered real property?

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How long must a Michigan salesperson whose license was revoked wait until he or she can reapply for a new license?

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In the case of a standard tax lien who gets paid first?

45 / 115

In order for a month-to-month tenancy to be legally valid which of the following MUST the contract include?

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Which type of property would an appraisal use a depth table to estimate the property value?

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What is the agency responsible for the enforcement of the Fair Housing Act?

48 / 115

This act, allowed greater control for the EPA to control contaminant levels, take legal action against public water auth. for violations, and require periodic water testing and notification to state authority and homeowners if contaminated.

49 / 115

Josh agrees to represent Susan in the sale of her home. The listing contract states that Josh will receive a fee of $15,000 from Susan at closing, regardless of the sales price. Is this a legal and a valid form of compensation?

50 / 115

Appraiser Larry has a set of special-purpose and public service buildings like schools, churches, and post offices, which he needs to appraise. Which approach to value would Larry, the appraiser choose to complete the task?

51 / 115

A real estate commission is usually based on the:

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Generally speaking, what is the most common type of contingency?

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Of the total Michigan Board of Real Estate Brokers and Salespersons Board members, how many must be licensed to practice real estate in Michigan?

54 / 115

What is Ginnie Mae’s primary responsibility?

55 / 115

Restrictive covenants, are also known as

56 / 115

Utilizing the 28/36 rule, if Rebbecas gross income is $4,500 a month, she would need to spend less than ______ in housing costs a month to qualify for most loans.

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A lease agreement where the tenant has the right to buy the property within a specified period of time is called what?

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What is the final step of the real estate appraisal process in which the appraiser weighs each appraisal approach and determines which one is most relevant and should be used?

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Is Michigan a Community Property state?

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According to the Do Not Call list and Established Business Relationship (EBR) Rules, a real estate professional may contact a past client for relationship building purposes when?

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Which of the following statements is TRUE about trusts and trustees?

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Unlike apartments, which are leased by their tenants, condominium units are owned outright. A condominium is often shortened to

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How long must real estate brokers keep records in Michigan?

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A mortgagor is also known as the:

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According to the Do Not Call list and Established Business Relationship (EBR) Rules, how many months does a real estate professional have to call an expired listing client to solicit new business (referral)?

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What of the following is required by the Americans with Disabilities Act(ADA)?

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Under a lease for a commercial property, a tenant agrees to pay $3,000 per month plus 4% of the gross monthly sales. This type of lease is called a:

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In a single agency relationship a real estate broker represents who?

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Which valuation method or appraisal approach involves comparing a property to other recently sold properties in the same area of similar size and condition?

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If a Michigan real estate licensee receives notice that their license is suspended or revoked, how long do they have to send to forward their pocket card to the department?

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A legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset:

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What is the key difference between a Less than Freehold Estate and a Freehold estate is

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What is an item on a property that is installed by the tenant, and is related to the tenant's business classified as?

74 / 115

When a home is purchased using an adjustable rate mortgage or ARM, the monthly loan payment on the mortgage will:

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Generally speaking, what happens when the supply of available houses in an area decreases significantly?

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The cost of public services is distributed among real estate owners through what?

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Which of the following can be achieved by dividing the price of the property by the rent that is produced?

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Altering a written document by improperly signing someone else's name to an instrument is what?

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A man named Troy lives in California, but owns property across the U.S. He owns property in cities like Pittsburgh, Philadelphia, and D.C. Troy decides he wants to sell his property in D.C. Instead of traveling all the way to D.C. to complete all the paperwork, he calls up his buddy Tony. Troy authorizes Tony, who lives in D.C., to sell his property for him. Troy gives Tony a/an:

80 / 115

A real estate agent advertised a home for $250,000. When a Chinese couple asked the agent for the price of the house. The agent told them the seller wanted $260,000 instead. Under the federal Fair Housing Act of 1968, such a statement is

81 / 115

What does the Federal Housing Administration do?

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Steve (a real estate agent of five years) was at his local coffee shop with some agents from other offices. The subject of commissions came up, and agents began to compare their commission rates. What should Steve do?

83 / 115

To whom does an agent always owe their fiduciary responsibility?

84 / 115

What is the difference between the market value of your home, and the amount you owe the lender who holds the mortgage?

85 / 115

Mrs. Jackson signs an open listing on her home with three different brokers. In this case:

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Under what situation, if any, may a lender consider age when making a lending decision?

87 / 115

A contract that legally binds two or more parties together, to specific obligations, that create a legally binding contract between the buyer and the seller.

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There are three main forms of depreciation, what are they?

89 / 115

How many miles does a township contain?

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The statute of frauds, applies to

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What is radioactive gas dispersed from natural decay of mineral in earth (odorless, colorless, tasteless)?

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Who or what determines the amount of an earnest money deposit?

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Johnny is purchasing a house and does not want to purchase all of the furniture that is being left behind. He signs the contract on Tuesday, and on Thursday changes his mind about the furniture. He calls his agent, and they add the furniture to the contract. What is this an example of?

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There are three different main approaches that appraisers use while they make an appraisal. What are they?

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Find the annual GRM. A 9-unit building in Cleveland Ohio, with an asking price of $500,000 and gross annual rents of $75,000.

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An unlicensed employee or unlicensed personal assistant may NOT do the following?

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A seller named Joan gave a buyer named Bob an option for thirty days to purchase her property for a consideration of $750. There is no anti-assignment clause in the contract. Which of the following statements is NOT true?

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All of the following will void an offer except

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Holding earnest money without depositing it, is what?

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What is a one-of-a-kind contract that is solely between the seller and the buyer. In this arrangement, the seller gives the buyer the option to purchase property at a given price for a set period?

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What is the illegal action or practice of lending money at unreasonably high rates of interest?

102 / 115

A seller tells the listing agent that her home was treated for termites five years ago, and that there are no termites now. Before listing the property, the agent should

103 / 115

Usually, the appraiser is hired by the:

104 / 115

What is the difference between a testate estate and an intestate estate?

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Mrs Thompson hired a broker to find her a 100+ unit apartment complex for sale. Upon finding one she liked, she made an offer for $2.5 million to include all the personal property as well. In order to include all the personal property Mrs Thompson needs a/an:

106 / 115

The Civil Rights Act of 1866 prohibits discrimination in real estate based on:

107 / 115

In an offer to purchase property, the buyer states, "If we cannot obtain a mortgage loan for 4.5 percent or less, we will not purchase the property and expect the earnest money to be refunded in full." This is an example of what?

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An individual owned three acres of land. When she sold one acre to her friend, she reserved for herself and family an appurtenant easement over the friend's land for ingress and egress. The friend's land is what?

109 / 115

What is the total quantity that buyers are willing to buy at a given time at certain prices?

110 / 115

The real estate contract clause that almost always begins with the words "to have and to hold."

111 / 115

A parcel of land that is subject to an easement is best described as:

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What specific formula would be used to estimate the value of a property using the income approach?

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Which of the following best describes the acceleration clause?

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Which of the following real estate contract clauses establishes order of priorities of financial claims (liens)?

115 / 115

A lender's refusal to lend money to potential homeowners attempting to purchase property located in predominantly minority neighborhoods is

Your score is

Hello, welcome to our Michigan Real Estate Practice Exam.

In Michigan, there are 115 questions on the exam. Many states have a national portion and a state portion, but Michigan has one section combining both for a total of 115 questions. 

The two most effective study tools for the state exam are practice exams and learning the state-specific license laws. 

Our state-specific practice exam is a fantastic tool to help you grasp your state's real estate topics. It works just like the national practice exam and is updated annually. Usually, using the state practice exam is enough for students to grasp the concepts. However, if you want more, the single most important resource out there is the laws they base the questions on. 

If you haven't looked at your state's Real Estate Statutes or Regulations, it's strongly recommended.

The test makers take snippets of laws applicable to your state and use them for the questions. We use the actual state laws to create our questions, which is why some of the questions may look familiar to you. Some websites and prep providers do not, and that's the secret. You need to know your state's laws. 

Furthermore, It would be best if you read through your laws at least once, and that's the greatest advice we can give you. Trust us, we know it can be very time-consuming, but reading through each one of these will provide you with precisely the information you need to pass. 

Best of luck, reach out if you need anything,

Real Estate License Wizard Team

Michigan Real Estate Statutes and Regulations

Here is our list of recommended Real Estate Statutes and Regulations you need to know:

NOTE: State websites update semi-frequently, and sometimes their website URLs change. If any of the links posted below do not work, please reach out, and we will update the links promptly. Thank you.


Michigan Real Estate Exam FAQs

Have a question about the real estate exam? Find the answers to all your real estate license questions here:

What are Michigan’s Real Estate License Requirements?

Real estate license requirements vary from state to state. Here are Michigan’s requirements:

  • Must be 18 years or older.
  • Must complete a background check.
  • Must complete required state approved pre-licensing courses (40 credit hours).
  • Estimated cost of total fees and license: $125-$175

How Hard is the Michigan Real Estate Exam?

The real estate exam is a rigorous and challenging test that weeds out those who are not committed to being skilled agents. To pass the exam in Michigan, you’ll need to get a score of at least 70%. With a total of 115 questions, that means the score to pass is 80.

How Many Questions Can You Miss on the Michigan Real Estate Exam?

In Michigan, you can miss 35 questions and still pass the real estate exam.

How Many Times Can You Take the Michigan Real Estate Exam?

There are no limits to the number of times you can take your real estate exam. Anyone who fails the Michigan state exam may immediately pay and reschedule the exam. There are no restrictions.


What Is on the Michigan Real Estate Exam?

The 115 multiple-choice questions on the salesperson examination cover a variety of topics that are relevant to Michigan real estate license law. Here are what topics you are expected to know:

Michigan General Exam Topics:

  1. Property Ownership
  2. Land Use Controls and Regulations
  3. Valuation and Market Analysis
  4. Financing
  5. General Principles of Agency
  6. Property Disclosures
  7. Contracts
  8. Leasing and Property Management
  9. Transfer of Title
  10. Practice of Real Estate

Michigan State Exam Topics:

  1. Michigan State License Law
  2. Michigan Real Estate Occupational Code
  3. Michigan Board of Real Estate Brokers and Salespersons
  4. Michigan Real Estate Prohibited Practices
  5. Michigan Agency and License Disclosures

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