Real Estate Practice Exam -
Michigan Rules and
Regulations questions with
verified solutions 2025-
2026(100% pass)
Which of the following is not a purpose of the land division
act? - answer So that the price of the sold lots would not
inflate beyond the cpi. Purpose DOES include so that the
size of the divided parcels of land will not be too large to
be served with enough streets, roads, and adequate
drainage and sewers; So that when the land is bought and
sold, people could accurately and upon the proper service,
tell the boundaries of their land and be able to use
accurate legal description; so that the land may be
properly divided and laid out
Under the land division act, property up to the size of 10
acres can be divided into four parcels. How many splits
are allowed for each additional 10 acres? - answer 1
If the monthly rent is $600 a month, what is the most
amount of money a landlord can charge the tenant to
move in? - answer $1500
A landlord charging a deposit must inform the tenant of
his obligation to notify the landlord of a forwarding
address within _______ days after vacating. - answer 4
, In regards to construction of new condominiums, I
purchase agreement is not binding until nine business
days after developer delivers condominium documents to
purchaser. Which of the following is not required? - answer
Evidence of a two year warranty on construction. IS
required: condominium buyers handbook; copy of
purchase and escrow agreements; recorded master deed
with attached bylaws and subdivision plans
Interval ownership of property is reflected in which of the
following? - answer timeshare
A licensee is selling vacant home site in an area that does
not have municipal sewer's. Which of the following is true?
- answer The sale should be made contingent on a
percolation test that would be acceptable to the health
department
Which of the following is true with regards to the Michigan
condominium act? - answer Recorded master deed,
bylaws, purchase and escrow agreement, condominium
buyers handbook and disclosure statement are all
documents that must be delivered by the developer to the
purchaser
All of the following are true with regards to MSHDA: -
answer Provide financing for low and moderate income
households; borrowers must occupy property as principal
residence; money is available for existing homes or new
construction
Michigan Rules and
Regulations questions with
verified solutions 2025-
2026(100% pass)
Which of the following is not a purpose of the land division
act? - answer So that the price of the sold lots would not
inflate beyond the cpi. Purpose DOES include so that the
size of the divided parcels of land will not be too large to
be served with enough streets, roads, and adequate
drainage and sewers; So that when the land is bought and
sold, people could accurately and upon the proper service,
tell the boundaries of their land and be able to use
accurate legal description; so that the land may be
properly divided and laid out
Under the land division act, property up to the size of 10
acres can be divided into four parcels. How many splits
are allowed for each additional 10 acres? - answer 1
If the monthly rent is $600 a month, what is the most
amount of money a landlord can charge the tenant to
move in? - answer $1500
A landlord charging a deposit must inform the tenant of
his obligation to notify the landlord of a forwarding
address within _______ days after vacating. - answer 4
, In regards to construction of new condominiums, I
purchase agreement is not binding until nine business
days after developer delivers condominium documents to
purchaser. Which of the following is not required? - answer
Evidence of a two year warranty on construction. IS
required: condominium buyers handbook; copy of
purchase and escrow agreements; recorded master deed
with attached bylaws and subdivision plans
Interval ownership of property is reflected in which of the
following? - answer timeshare
A licensee is selling vacant home site in an area that does
not have municipal sewer's. Which of the following is true?
- answer The sale should be made contingent on a
percolation test that would be acceptable to the health
department
Which of the following is true with regards to the Michigan
condominium act? - answer Recorded master deed,
bylaws, purchase and escrow agreement, condominium
buyers handbook and disclosure statement are all
documents that must be delivered by the developer to the
purchaser
All of the following are true with regards to MSHDA: -
answer Provide financing for low and moderate income
households; borrowers must occupy property as principal
residence; money is available for existing homes or new
construction
