700+ Prep Practice Questions for Michigan
Pass the Real Estate License State Exam....
The First Time!
Congratulations! You’ve finished your Michigan pre-license real estate course work and received the necessary certificate of completion. Now let's get you ready to pass the state license exam the first time.
The Advantage
Live
MI-RELEP’s testing practice section consists of ten national practice tests, six state practice tests, and one state exam sample test. The test questions are designed to cover the content covered by the law reviews – which reinforces your learning of the total body of information tested by your state exam.
The questions are direct, to the point, and designed to test your understanding. When you have completed a given test, the system will let you know the correct answers that each question’s answer is accompanied by a brief explanation, or “rationale” to further reinforce your understanding.
Your particular study and testing practice strategy using MI-RELEP is up to you. But to fully learn its comprehensive content coverage, you should try to review and memorize the key point reviews as much as possible. Then you should make every effort to take each exam, review your mistakes, and re-read the key point reviews that cover your weaker areas.
What's included?
Overview
Price: $99
Everything you need to pass the real estate license exam and more:
The State License Exam
Unique Skills
It’s no question that the state exam is not easy and you will be tested on weeks of course material and even methods of the test. The salesperson exam will consist of 115 multiple-choice questions and you must pass with a minimum of 70%. Therefore, you can miss up to 34.5 questions, meaning you do not have to know all the material. You have a 25% chance of guessing correctly so never leave a question blank.
Key test concepts are reinforced through our unique test-taking approach and teaching methods. Along with the other preparation steps you have already taken, you will now be ready to take and pass the Michigan State Salesperson exam with flying colors.
- Classes of Property
- Property Characteristics
- Encumbrances
- Types of Ownership
- Descriptions of Property
- Title Insurance
- Deeds
- Escrow
- Tax Aspects
- Value
- Methods of Estimating Value and the Appraisal Process
- Financial Analysis
- General Concepts
- Types of Loans
- Sources of Finance
- Government Programs
- Mortgages/Deeds of Trust/Notes
- Financing/Credit Laws
- Loan Brokerage
- Types of Loan Originators
- Law, Definition and Nature of Agency Relationships, Types of Agencies and Agents
- Creation of Agency and Agency Agreements
- Responsibilities of Agent to Seller/Buyer as Principal
- Disclosure of Agency
- Disclosure of Acting as Principal or other interest
- Termination of agency
- Responsibilities of Agent to Non-Client Third Parties
- General Contracts
- Listing Agreements
- Advance Fee Agreements
- Buyer-Broker Agreements
- Offers and Purchase Contract
- Purchase/Leases Options
- Promissory Notes/Securities
- Agreements
- Agency Supervision
- Permitted Activities of Unlicensed Sales Assistants
- Department of Real Estate Jurisdiction and Disciplinary Actions
- Licensing and Continuing Education Requirements and Procedures
- Trust Funds Accounts
- Truth in Advertising
- General Ethics
- Technology
- Commercial/Industrial/Income Property
- Speciality Areas
- Need for Inspection and Obtaining/Verifying Information
- Reports
- Servicing Diverse Populations
- Commission and Fees
- Prorations
- Transfer Disclosure Statement
- Natural Hazard Disclosure Statements
- Disclosure of Material Facts Affecting Property Value
- Need for Inspection and Obtaining/Verifying Information
- Reports
- Government Rights in Land
- Public Controls
- Environmental Hazards and Regulations
- Private Controls
- Water Rights
- Special Categories of Land
- Trust Account Management
- Trust Funds Accounts
- Property Management
- Commercial/Industrial/Income Property
Our Study Plan
Try out our suggested study plan to get a better understanding of how long you need to study. Dividing your study material into an organized timeline will ensure you’re fully prepared. If you need additional study help, check out our the Top 10 Study Tips for the Real Estate License Exam.
- Study 50 questions daily making it your daily 50 plan in week 5
- You should plan to schedule your 1-Day Prep Course once or twice before your actual test date and make sure the last attended 1-Day Prep course is within 48 Hours of your actual exam date
- Study 100 questions daily making it your daily 100 plan in week 6
- You should plan to schedule your 1-Day Prep Course once or twice before your actual test date and make sure the last attended 1-Day Prep course is within 48 Hours of your actual exam date
The Tutor 6-Pack
Ever wanted a 6-pack? Now you can get yours with our unique Tutor 6-Pack. This special service provides students extra guidance in passing the state exam. It is designed to cater to the individual requiring special one-on-one support with a more kinesthetic, audio, visual learning style.
Sign up here for this new benefit where approved-only instructors spend up to six hours of focused time with you to help you achieve your goal of passing the license exam.
What if I’m ready to enroll?
If you’re ready for us, then we’re ready for you! You can always come back to attend Career Day in the future. For right now, let’s get you started with onboarding and put you on your way to success.