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  • Michigan Residential Builder Licensing
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Chapter 3: Michigan License Laws and Rules correctly answered to pass 2023

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2022/2023 Written for academic year
Institution Michigan Residential Builder Licensing
Course Michigan residential builder Licensing
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Chapter 3: Michigan License Laws and Rules correctly answered to pass 2023 TRUE OR FALSE: Not all states require people engaged in the real estate profession to be licensed by their respective state. - correct answer False Where does the state's authority to require licenses fall under? - correct answer Police power What is the purpose of license law legislation? - correct answer To protect the general public TRUE OR FALSE: License law governs the conduct of licensees in their real estate business activities. - correct answer True Which articles of Michigan's Occupational Code, Act 299, applies to all license categories? - correct answer First 6 Which article of Michigan's Occupational Code is assigned to Real Estate License Law? - correct answer 25 What Act number is Michigan's Occupational Code? - correct answer 299 TRUE OR FALSE: The Michigan Real Estate Governing Board and the Board of Real Estate Brokers and Salespersons are the same entity. - correct answer True TRUE OR FALSE: The Board of Real Estate Brokers and Salespersons is NOT authorized to promulgate rules for the real estate profession in Michigan, only the Department of Licensing and Regulatory Affairs is. - correct answer False The authorization to regulate for the purpose of promoting the health, safety, and welfare of the general public is the definition of what? - correct answer Police power of state

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  • chapter 3 michigan license laws and rules correct
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  • what is the purpose of license law legislati

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