Question: How many licensed real estate agents are there in Michigan?

The department currently oversees the practice of approximately 42,419 real estate salespersons, 9,942 associate real estate brokers, 11,348 real estate brokers, and 716 branch offices.

What state has the most real estate agents?

By state, California has the most registered Realtors in the country, with 194,572 active in 2017; Florida ranks a close second with 173,482 Realtors.

What is the average yearly income of a Realtor in Michigan?

The average salary for a real estate agent in Michigan is around $46,160 per year.

How many commission members come from the general public in Michigan?

Sec. 1. A commission to be known and designated as the “Michigan public service commission” is hereby created, which shall consist of 3 members, not more than 2 of whom shall be members of the same political party, appointed by the governor with the advice and consent of the senate.

IMPORTANT:  What is illegal blind advertising in real estate?

What is the pass rate for Michigan real estate exam?

Aceable’s real estate salesperson exam pass rate in Michigan is 75%.

How many real estate brokers are in Michigan?

The department currently oversees the practice of approximately 42,419 real estate salespersons, 9,942 associate real estate brokers, 11,348 real estate brokers, and 716 branch offices.

Can you have a real estate license in 2 states?

Real estate agents can hold licenses in multiple states, and there’s no restriction in place to prevent multiple licenses. … If you’re a licensed real estate agent, your state might have reciprocity with other states. Reciprocal states usually border each other.

Is it hard to make good money as a realtor?

Making money in real estate business is relatively easy due to the rapid expansion of the residential and commercial market for properties. You only need to be little tricky to convince the potential buyers. The real estate market gives plenty of sales opportunities to the agents.

What are the best paying jobs in Michigan?

According to the report, here are the top ten highest-paying jobs in Michigan:

  • Anesthesiologists.
  • Airline Pilots, Copilots, and Flight Engineers.
  • Chief Executives.
  • Surgeons, Except Ophthalmologists.
  • Family Medicine Physicians.
  • Dentists, General.
  • Psychiatrists.
  • Orthodontists.

How much do top 1 real estate agents make?

Top producers earn around $112,610 a year to start, according to the BLS. 1 Mega-stars could earn $500,000 per year and up.

Who governs real estate in Michigan?

The Michigan Board of Real Estate Brokers and Salespersons was created under Article 25 of Public Act 299 of 1980, as amended, to license and regulate the practice of real estate brokers and salespersons in Michigan.

IMPORTANT:  How much does a realtor make a year in Arizona?

Who appoints the MPSC?

Commissioners. The MPSC is composed of three members appointed by the Governor with the advice and consent of the Senate. Commissioners are appointed to serve staggered six-year terms.

Can Grec impose sanctions?

Georgia Real Estate Commission Responsibilities

GREC is responsible for: … Regulating the initial licensing and license renewal process for real estate professionals. Investigating license violations and imposing sanctions.

Which state has the hardest real estate exam?

Colorado is regarded as the hardest state since agents need to cover 160 hours of education, pass two tests, pass a background check, and be fingerprinted. In contrast, most other states require less than 100 education hours, with the majority falling with the 40-hour requirement.

How many times can you take the real estate exam in Michigan?

How many times can I take the MI pre-license course final exam? ​You can take the final exam for the 40-hour Michigan real estate salespersons course as many times as needed until you pass.

Is the Michigan real estate exam multiple choice?

There are 115 multiple-choice questions on the Michigan state licensing exam. You must answer at least 80 questions correctly (70%) in order to pass. There is a 180-minute time-limit for the exam.