1|Page
MICHIGAN REAL ESTATE EXAM AND PRACTICE
EXAM NEWEST 2026 TEST BANK| PSI REAL ESTATE
MICHIGAN EXAM PREP WITH COMPLETE 400 REAL
EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+ (MOST RECENT!!)
_______________ are policies used by the Department of Licensing and
Regulatory Affairs to interpret and enforce the Occupational Code.
1) The NAR Code of Ethics
2) The Code of Federal Regulations
3) The Administrative Code
4) The NAR Field Guide – Correct Answer - The Administrative Code
Of the total Board members, how many must be licensed to practice real
estate in Michigan?
1) 0 members
2) 3 members
3) 5 members
4) 6 members – Correct Answer – 6 members.
The Department of Licensing and Regulatory Affairs is authorized under
1) the Michigan Occupational Code.
2) the National Association of Housing Professionals Regulation.
3) the National Association of REALTORS®.
pg. 1
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4) the Michigan state constitution. – Correct Answer - the Michigan
Occupational Code.
Which of the following would be required to have a real estate license to
perform his or her job duties?
1) A trustee selling under a deed of trust
2) A Michigan-licensed builder who sells the custom homes he builds
3) A property manager who oversees a 50-unit apartment complex
4) An attorney at law – Correct Answer - A property manager who
oversees a 50-unit apartment complex
The Michigan Board of Real Estate Brokers and Salespersons has how
many members?
1) 5 members
2) 7 members
3) 9 members
4) 12 members – Correct Answer – 9 members.
Michigan's authority to protect the public is granted under
1) the state's habeas corpus.
2) the state's police power.
3) the Michigan Occupational Code.
4) the first amendment of the Constitution. – Correct Answer - the state's
police power.
pg. 2
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A licensee can get 60 hours credited towards a broker's license if he or
she
1) has completed a six month apprenticeship under an established
broker.
2) has a Master's Degree in Business Administration.
3) has a Bachelor's Degree in Communications.
4) has an Associate's Degree in Property Management. – Correct Answer
- has a Master's Degree in Business Administration.
The _______________________ contracts with an exam vendor to
conduct the examination program.
1) Michigan Division of Licenses and Exams
2) Michigan Department of Licensing and Regulatory Affairs
3) State of Michigan Division of Real Estate
4) Bureau of Alcohol and Licenses – Correct Answer - Michigan
Department of Licensing and Regulatory Affairs
A qualified salesperson applicant must complete how many hours of
approved instruction?
1) 40
2) 60
3) 70
4) 90 – Correct Answer - 40
Which of the following licenses is not available in the state of
Michigan?
pg. 3
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1) Broker
2) Associate Broker
3) Transaction Broker
4) Branch Office – Correct Answer - Transaction Broker
An applicant for a broker's license must complete his or her education no
more than _____________ before the date of the application, unless the
applicant has held a salesperson license for that intervening period.
1) 12 months
2) 24 months
3) 36 months
4) 48 months – Correct Answer – 36 months.
Who administers the state licensing exam?
1) The local REALTOR® association
2) PSI
3) The Michigan Department of Licensing
4) A proctor which the applicant has paid for – Correct Answer - PSI
Which of the following positions would not fulfill the real estate
experience requirement for a broker applicant?
1) Investor
2) Loan officer at a bank
3) Licensed developer
4) Receptionist at a real estate company – Correct Answer - Receptionist
at a real estate company
pg. 4
MICHIGAN REAL ESTATE EXAM AND PRACTICE
EXAM NEWEST 2026 TEST BANK| PSI REAL ESTATE
MICHIGAN EXAM PREP WITH COMPLETE 400 REAL
EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+ (MOST RECENT!!)
_______________ are policies used by the Department of Licensing and
Regulatory Affairs to interpret and enforce the Occupational Code.
1) The NAR Code of Ethics
2) The Code of Federal Regulations
3) The Administrative Code
4) The NAR Field Guide – Correct Answer - The Administrative Code
Of the total Board members, how many must be licensed to practice real
estate in Michigan?
1) 0 members
2) 3 members
3) 5 members
4) 6 members – Correct Answer – 6 members.
The Department of Licensing and Regulatory Affairs is authorized under
1) the Michigan Occupational Code.
2) the National Association of Housing Professionals Regulation.
3) the National Association of REALTORS®.
pg. 1
,2|Page
4) the Michigan state constitution. – Correct Answer - the Michigan
Occupational Code.
Which of the following would be required to have a real estate license to
perform his or her job duties?
1) A trustee selling under a deed of trust
2) A Michigan-licensed builder who sells the custom homes he builds
3) A property manager who oversees a 50-unit apartment complex
4) An attorney at law – Correct Answer - A property manager who
oversees a 50-unit apartment complex
The Michigan Board of Real Estate Brokers and Salespersons has how
many members?
1) 5 members
2) 7 members
3) 9 members
4) 12 members – Correct Answer – 9 members.
Michigan's authority to protect the public is granted under
1) the state's habeas corpus.
2) the state's police power.
3) the Michigan Occupational Code.
4) the first amendment of the Constitution. – Correct Answer - the state's
police power.
pg. 2
,3|Page
A licensee can get 60 hours credited towards a broker's license if he or
she
1) has completed a six month apprenticeship under an established
broker.
2) has a Master's Degree in Business Administration.
3) has a Bachelor's Degree in Communications.
4) has an Associate's Degree in Property Management. – Correct Answer
- has a Master's Degree in Business Administration.
The _______________________ contracts with an exam vendor to
conduct the examination program.
1) Michigan Division of Licenses and Exams
2) Michigan Department of Licensing and Regulatory Affairs
3) State of Michigan Division of Real Estate
4) Bureau of Alcohol and Licenses – Correct Answer - Michigan
Department of Licensing and Regulatory Affairs
A qualified salesperson applicant must complete how many hours of
approved instruction?
1) 40
2) 60
3) 70
4) 90 – Correct Answer - 40
Which of the following licenses is not available in the state of
Michigan?
pg. 3
, 4|Page
1) Broker
2) Associate Broker
3) Transaction Broker
4) Branch Office – Correct Answer - Transaction Broker
An applicant for a broker's license must complete his or her education no
more than _____________ before the date of the application, unless the
applicant has held a salesperson license for that intervening period.
1) 12 months
2) 24 months
3) 36 months
4) 48 months – Correct Answer – 36 months.
Who administers the state licensing exam?
1) The local REALTOR® association
2) PSI
3) The Michigan Department of Licensing
4) A proctor which the applicant has paid for – Correct Answer - PSI
Which of the following positions would not fulfill the real estate
experience requirement for a broker applicant?
1) Investor
2) Loan officer at a bank
3) Licensed developer
4) Receptionist at a real estate company – Correct Answer - Receptionist
at a real estate company
pg. 4
