Michigan Appraisal Law ACTUAL
UPDATED QUESTIONS AND CORRECT
ANSWERS
Article 26 defines a ___________ as an individual engaged in, or offering to engage in, the
development and communication of appraisals of real property. - CORRECT
ANSWERS✅✅Real estate appraiser
Which division of The Corporations, Securities & Commercial Licensing Bureau promotes
economic growth by facilitating the formation and development of business entities in
Michigan? - CORRECT ANSWERS✅✅Corporations Division
Which division of the Corporations, Securities, & Commercial Licensing Bureau is
responsible for protecting consumers by regulating, investigating, and prosecuting consumer
complaints? - CORRECT ANSWERS✅✅Enforcement Division
Which part of the Occupational Code - Act 299 pertains specifically to real estate appraisers?
- CORRECT ANSWERS✅✅Article 26
An applicant has been approved to take the appraisal licensing exam in Michigan. Who do
they need to contact to schedule the exam? - CORRECT ANSWERS✅✅PSI Services
A(n) ______ is defined as an opinion, conclusion, or analysis relating to the value of real
property. - CORRECT ANSWERS✅✅Appraisal
How many times a year does the Michigan Board of Real Estate Appraisers meet? -
CORRECT ANSWERS✅✅4
How many voting members are on the Michigan Board of Real Estate Appraisers? -
CORRECT ANSWERS✅✅9
Which division of the Corporations, Securities, & Commercial Licensing Bureau is
responsible for determining eligibility for examination and licensure, monitoring licensees'
compliance with continuing education requirements, providing administrative support to the
, boards, and overseeing administration of examinations to those professions that have an
examination requirement? - CORRECT ANSWERS✅✅Licensing Division
A State-Licensed Real Estate Appraiser may appraise which of the following? - CORRECT
ANSWERS✅✅All of these are correct
In Michigan, what is the date an appraisal license expires in a renewal year? - CORRECT
ANSWERS✅✅July 31
How many hours of appraisal coursework must a certified general real estate appraiser
complete? - CORRECT ANSWERS✅✅300
How long is a temporary permit valid in Michigan? - CORRECT ANSWERS✅✅180 days
Licensees are required to complete how many hours of continuing education for each biennial
renewal? - CORRECT ANSWERS✅✅28
Which division of the Corporations, Securities & Commercial Licensing Bureau is
responsible for determining eligibility for examination and licensure, monitoring licensees'
compliance with continuing education requirements, providing administrative support to the
boards, and overseeing administration of examinations to those professions that have an
examination requirement? - CORRECT ANSWERS✅✅Licensing Division
How many hours of appraisal coursework must a certified residential real estate appraiser
complete? - CORRECT ANSWERS✅✅200
How does the Appraisal Board determine if an applicant for a temporary practice permit is in
good standing? - CORRECT ANSWERS✅✅They search the National Registry
Which division of the Corporations, Securities & Commercial Licensing Bureau is in charge
of promoting economic growth by facilitating the formation and development of business
entities in Michigan? - CORRECT ANSWERS✅✅Corporations Division
What is the date a license expires in a renewal year? - CORRECT ANSWERS✅✅July 31
UPDATED QUESTIONS AND CORRECT
ANSWERS
Article 26 defines a ___________ as an individual engaged in, or offering to engage in, the
development and communication of appraisals of real property. - CORRECT
ANSWERS✅✅Real estate appraiser
Which division of The Corporations, Securities & Commercial Licensing Bureau promotes
economic growth by facilitating the formation and development of business entities in
Michigan? - CORRECT ANSWERS✅✅Corporations Division
Which division of the Corporations, Securities, & Commercial Licensing Bureau is
responsible for protecting consumers by regulating, investigating, and prosecuting consumer
complaints? - CORRECT ANSWERS✅✅Enforcement Division
Which part of the Occupational Code - Act 299 pertains specifically to real estate appraisers?
- CORRECT ANSWERS✅✅Article 26
An applicant has been approved to take the appraisal licensing exam in Michigan. Who do
they need to contact to schedule the exam? - CORRECT ANSWERS✅✅PSI Services
A(n) ______ is defined as an opinion, conclusion, or analysis relating to the value of real
property. - CORRECT ANSWERS✅✅Appraisal
How many times a year does the Michigan Board of Real Estate Appraisers meet? -
CORRECT ANSWERS✅✅4
How many voting members are on the Michigan Board of Real Estate Appraisers? -
CORRECT ANSWERS✅✅9
Which division of the Corporations, Securities, & Commercial Licensing Bureau is
responsible for determining eligibility for examination and licensure, monitoring licensees'
compliance with continuing education requirements, providing administrative support to the
, boards, and overseeing administration of examinations to those professions that have an
examination requirement? - CORRECT ANSWERS✅✅Licensing Division
A State-Licensed Real Estate Appraiser may appraise which of the following? - CORRECT
ANSWERS✅✅All of these are correct
In Michigan, what is the date an appraisal license expires in a renewal year? - CORRECT
ANSWERS✅✅July 31
How many hours of appraisal coursework must a certified general real estate appraiser
complete? - CORRECT ANSWERS✅✅300
How long is a temporary permit valid in Michigan? - CORRECT ANSWERS✅✅180 days
Licensees are required to complete how many hours of continuing education for each biennial
renewal? - CORRECT ANSWERS✅✅28
Which division of the Corporations, Securities & Commercial Licensing Bureau is
responsible for determining eligibility for examination and licensure, monitoring licensees'
compliance with continuing education requirements, providing administrative support to the
boards, and overseeing administration of examinations to those professions that have an
examination requirement? - CORRECT ANSWERS✅✅Licensing Division
How many hours of appraisal coursework must a certified residential real estate appraiser
complete? - CORRECT ANSWERS✅✅200
How does the Appraisal Board determine if an applicant for a temporary practice permit is in
good standing? - CORRECT ANSWERS✅✅They search the National Registry
Which division of the Corporations, Securities & Commercial Licensing Bureau is in charge
of promoting economic growth by facilitating the formation and development of business
entities in Michigan? - CORRECT ANSWERS✅✅Corporations Division
What is the date a license expires in a renewal year? - CORRECT ANSWERS✅✅July 31
