Michigan Real Estate Salesperson Course Notes

QUICK PASS SHEET — National portion. Current PSI weighting: Contracts 19%; Agency 13%; Practice of Real Estate 12%; Property Ownership 10%; Financing 10%; Valuation 8%; Property Disclosures 7%; Real Estate Calculations 7%; Transfer of Title 6%; Land Use Controls 5%; Property Management 3%. Prioritize scenario application: identify the legal relationship, the decisive fact, and the requested consequence. Know contract formation/termination, agency duties and disclosure, federal fair housing, financing/TRID/RESPA, title/recording, valuation approaches, ownership, land-use controls, disclosures, leasing, and math.

• Calling escheat a tax-foreclosure process; unpaid taxes test taxation, while escheat concerns property with no lawful successor/heirs.

• Work the exam by weight: Contracts + Agency + Practice = 44% of the national outline.

QUICK PASS SHEET — Michigan licensing. The PSI state outline allocates 3 items to Department/Board powers, 5 to licensing requirements, and 10 to statutory requirements governing licensees. Lock in: age 18; 40 prelicense hours including 4 civil-rights/equal-opportunity hours; MiPLUS application/eligibility before PSI; employing-broker sponsorship before license issuance; 3-year renewal cycle; 18 CE hours per cycle; each license year includes ≥2 hours law/rules/cases and ≥1 hour fair housing; CE evidence retained 4 years. A salesperson may not practice on an expired or improperly affiliated license, and client consent does not cure licensing violations.

• Thinking PSI—not Michigan—decides license eligibility.

• Memorize the licensing numbers as a chain: 18 age → 40 hours → 4 civil-rights hours → 36-month course validity → 1-year exam/application validity.

QUICK PASS SHEET — Michigan brokerage practice. The PSI state outline gives 5 items to contractual relationships and many of the 10 statutory-practice items to agency, supervision, advertising, money, records, compensation, and contracts. Agency disclosure comes before a prospective client reveals confidential information. Know Michigan's service-agreement duties, dual/designated agency and transaction-coordinator distinctions, broker supervision, trust-account timing, advertising authority, compensation through the employing broker, and the narrow tenant-referral exception.

• Assuming loyalty means following an illegal client instruction or concealing a known material fact.

• Agency: disclose relationship before confidential information; then identify agent/client duties.

QUICK PASS SHEET — Michigan consumer/property law. The PSI salesperson outline allocates 12 state questions to additional state topics, including private-road/Land Division Act, Michigan fair housing, landlord-tenant/Truth in Renting, state transfer tax, condominiums, MSHDA, Michigan antitrust, Right to Farm, and land-contract/Dodd-Frank concepts. High-yield Michigan rules: Seller Disclosure Act generally covers 1–4 unit residential transfers; disclosure before the seller executes a binding purchase agreement; seller knowledge is not a warranty; Michigan fair housing expressly includes sexual orientation and gender identity/expression; residential security deposit generally ≤1.5 months' rent; move-in inventory checklist generally returned within 7 days; Michigan uses race-notice recording priority; and the Right to Farm one-mile notice is voluntary under the current statute.

• Treating the Michigan seller disclosure as a warranty or substitute for inspection.

• For state-specific stems, favor the Michigan statute over a national general rule.