MICHIGAN BUILDERS LICENSE EXAM PRACTICE EXAM AND STUDY GUIDE NEWEST 2025 ACTUAL
EXAM 500 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ||ALREADY GRADED A+
?
A Seller's Disclosure is optional, so the seller can refuse John's request.
The Disclosure form doesn't really cover very much, so liability would be minimal.
John should advise his seller how to fill out the form, noting what to disclose and what to skip.
Filling out a disclosure form that states all known property conditions is a Michigan requirement.
- ...ANSWER...Filling
,out a disclosure form that states all known property conditions is a Michigan requirement.
Southtown Realty has entered into agency agreements with Sara, a seller and Tom, a buyer. Tom
wants to make an offer on Sara's home. Is this possible? - ...ANSWER...Yes, but only if Sara and
Tom both give written consent to a dual agency arrangement.
Who is responsible for preparing closing documents? -
...ANSWER...Listing broker
The members of the Michigan Board of Real Estate Brokers and Salespersons are selected by
- ...ANSWER...Governor appointment
The mix of licensed and unlicensed members of the commission is - ...ANSWER...6 licensed and 3
unlicensed
If a salesperson fails to renew his or her license by the end of the grace period, but attempts to
renew within the next 3 years, he or she may be granted relicensure by doing all of the
following EXCEPT:
Submitting a new application Paying all the
appropriate fees
Completing 6 hours of continuing education for each year the license was lapsed Submitting a
letter explaining the circumstances in place of the application form -
...ANSWER...Submitting a letter explaining the circumstances in place of the application form
,The sale of a property can be marketed in many ways; however one of the following is prohibited in
Michigan. Which is it?
Holding open houses
Doing virtual tours on the internet
Sending flyers and announcements to other agents Selling chances -
...ANSWER...Selling chances
Buyer Tim contacts Will at Grayson Realty indicating that he's interested in buying a home in
the area. Without a signed buyer agency relationship, Will CANNOT:
give Tim information on the area's properties.
tell Tim how to find information about current mortgage and interest rates.
explain agency relationships and what they mean. help Tim negotiate a good deal
on a property. -
...ANSWER...help Tim negotiate a good deal on a property.
The application for the real estate licensing test must be accompanied by:
The applicant's photo The correct fee
A notarized statement that education requirements have been met A
sworn statement attesting to the applicant's character -
...ANSWER...The correct fee
The Department can revoke salesperson Tom's license if he does which of the following actions?
, Sells his home without using his employing broker. Represents a buyer in a real estate transaction.
Persuades a seller to list with him in an exclusive agency arrangement.
Deposits an earnest money check in his personal account. -
...ANSWER...Deposits an earnest money check in his personal account.
Which would NOT be a penalty for violating the Wetland Protection Act?
Individual civil fine of up to $15,000.00 per day of violation Restoration of the site Corporate fine
of up to $25,000.00 per day of violation Felony imprisonment for up to two years -
...ANSWER...Individual civil fine of up to $15,000.00 per day of violation
What is the maximum number of years a Board member may serve? - ...ANSWER...8 years
*Term of 4 years, 2 consecutive terms allowed.
If a licensee started or caused the chain of events in a real estate transaction that resulted in
the sale of a listed property, this is known as - ...ANSWER...Procuring cause
Jim owns an apartment complex. When should Jim first present his rules and regulations to
tenants that want to lease an apartment? - ...ANSWER...At the time the tenant is ready to sign
the rental agreement.
EXAM 500 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ||ALREADY GRADED A+
?
A Seller's Disclosure is optional, so the seller can refuse John's request.
The Disclosure form doesn't really cover very much, so liability would be minimal.
John should advise his seller how to fill out the form, noting what to disclose and what to skip.
Filling out a disclosure form that states all known property conditions is a Michigan requirement.
- ...ANSWER...Filling
,out a disclosure form that states all known property conditions is a Michigan requirement.
Southtown Realty has entered into agency agreements with Sara, a seller and Tom, a buyer. Tom
wants to make an offer on Sara's home. Is this possible? - ...ANSWER...Yes, but only if Sara and
Tom both give written consent to a dual agency arrangement.
Who is responsible for preparing closing documents? -
...ANSWER...Listing broker
The members of the Michigan Board of Real Estate Brokers and Salespersons are selected by
- ...ANSWER...Governor appointment
The mix of licensed and unlicensed members of the commission is - ...ANSWER...6 licensed and 3
unlicensed
If a salesperson fails to renew his or her license by the end of the grace period, but attempts to
renew within the next 3 years, he or she may be granted relicensure by doing all of the
following EXCEPT:
Submitting a new application Paying all the
appropriate fees
Completing 6 hours of continuing education for each year the license was lapsed Submitting a
letter explaining the circumstances in place of the application form -
...ANSWER...Submitting a letter explaining the circumstances in place of the application form
,The sale of a property can be marketed in many ways; however one of the following is prohibited in
Michigan. Which is it?
Holding open houses
Doing virtual tours on the internet
Sending flyers and announcements to other agents Selling chances -
...ANSWER...Selling chances
Buyer Tim contacts Will at Grayson Realty indicating that he's interested in buying a home in
the area. Without a signed buyer agency relationship, Will CANNOT:
give Tim information on the area's properties.
tell Tim how to find information about current mortgage and interest rates.
explain agency relationships and what they mean. help Tim negotiate a good deal
on a property. -
...ANSWER...help Tim negotiate a good deal on a property.
The application for the real estate licensing test must be accompanied by:
The applicant's photo The correct fee
A notarized statement that education requirements have been met A
sworn statement attesting to the applicant's character -
...ANSWER...The correct fee
The Department can revoke salesperson Tom's license if he does which of the following actions?
, Sells his home without using his employing broker. Represents a buyer in a real estate transaction.
Persuades a seller to list with him in an exclusive agency arrangement.
Deposits an earnest money check in his personal account. -
...ANSWER...Deposits an earnest money check in his personal account.
Which would NOT be a penalty for violating the Wetland Protection Act?
Individual civil fine of up to $15,000.00 per day of violation Restoration of the site Corporate fine
of up to $25,000.00 per day of violation Felony imprisonment for up to two years -
...ANSWER...Individual civil fine of up to $15,000.00 per day of violation
What is the maximum number of years a Board member may serve? - ...ANSWER...8 years
*Term of 4 years, 2 consecutive terms allowed.
If a licensee started or caused the chain of events in a real estate transaction that resulted in
the sale of a listed property, this is known as - ...ANSWER...Procuring cause
Jim owns an apartment complex. When should Jim first present his rules and regulations to
tenants that want to lease an apartment? - ...ANSWER...At the time the tenant is ready to sign
the rental agreement.
