The CE Shop Exam Prep 2026/2027 – Key
Concepts, Practice Questions & Solutions
Activities that require a License - correct answer-- Offering or attempting to offer
a property for sale (as a salesperson)
- Buying (offering to buy)
- Giving a market analysis (or offering to do so)
- Engaging in negotiations for exchange, mortgage, purchase, or sale of property
- Engaging in negotiations for construction
Activities that require a License (continued) - correct answer-- Acting as a
property manager
- Engaging in negotiations for the exchange, purchase, or sale of a business
- Engaging in real estate as an owner, or as a principal vocation
- Acting as a leasing agent (hired by another to find tenants)
Other items to note about license law in Michigan - correct answer-- While a
broker can be a person or an entity, a salesperson can't. Michigan doesn't have
license law provisions for a salesperson as an entity, so if you were thinking of
being licensed in your company's name, think again.
, - If employed by a licensed broker, a licensed salesperson can do much of the
same work as a licensed broker.
Activities that dont require a License - correct answer-- A licensed builder that
sells what it builds (never occupied), up to a quadruplex
- Anyone appointed by the court
- Individuals who lease houses they own
- Owner sale (as long as it doesn't happen more than five times in 12 months)
Activities that dont require a License (continued) - correct answer-- Attorneys-in-
fact (legal power of attorney)
- Anyone who has a license under the Michigan Mortgage Brokers, Lenders, and
Servicers Act
- Individual lessors
- Anyone involved in selling a property at the behest of another such as:
1. Attorneys
2. Bankruptcy trustees
3. Deed of trust trustees
4. Executors
5. Anyone selling under court order
6. Receivers
7. Administrators
Real Estate License Types & Roles - correct answer-Salesperson - A person who
holds an entry-level license and performs real estate services under the
supervision of a licensed broker
Concepts, Practice Questions & Solutions
Activities that require a License - correct answer-- Offering or attempting to offer
a property for sale (as a salesperson)
- Buying (offering to buy)
- Giving a market analysis (or offering to do so)
- Engaging in negotiations for exchange, mortgage, purchase, or sale of property
- Engaging in negotiations for construction
Activities that require a License (continued) - correct answer-- Acting as a
property manager
- Engaging in negotiations for the exchange, purchase, or sale of a business
- Engaging in real estate as an owner, or as a principal vocation
- Acting as a leasing agent (hired by another to find tenants)
Other items to note about license law in Michigan - correct answer-- While a
broker can be a person or an entity, a salesperson can't. Michigan doesn't have
license law provisions for a salesperson as an entity, so if you were thinking of
being licensed in your company's name, think again.
, - If employed by a licensed broker, a licensed salesperson can do much of the
same work as a licensed broker.
Activities that dont require a License - correct answer-- A licensed builder that
sells what it builds (never occupied), up to a quadruplex
- Anyone appointed by the court
- Individuals who lease houses they own
- Owner sale (as long as it doesn't happen more than five times in 12 months)
Activities that dont require a License (continued) - correct answer-- Attorneys-in-
fact (legal power of attorney)
- Anyone who has a license under the Michigan Mortgage Brokers, Lenders, and
Servicers Act
- Individual lessors
- Anyone involved in selling a property at the behest of another such as:
1. Attorneys
2. Bankruptcy trustees
3. Deed of trust trustees
4. Executors
5. Anyone selling under court order
6. Receivers
7. Administrators
Real Estate License Types & Roles - correct answer-Salesperson - A person who
holds an entry-level license and performs real estate services under the
supervision of a licensed broker
