Michigan may have a reputation for being the industrial state in the USA thanks to the presence of the automobile businesses back in the day, but that’s not all there is to the state. Even if it’s no longer the place in the world where most of the cars are made then exported, I think this is a state with a lot of promise. It’s also a state that’s still got a lot of potential in its property market.
For me, that’s a professional opportunity, because it means that there’s a real estate industry that can grow. And for people that live in Michigan, this is also a great professional opportunity, especially if you’ve been thinking of which way you want your career to go. Getting a real estate license in Michigan and entering the property market as a professional can be a fantastic career, but how do you go about it? I’m going to explain that now.
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Above all else, before I even start talking about the legal and bureaucratic requirements to get a real estate license in Michigan, I need you to look at yourself. This is a question that only you can answer, and it determines whether getting a real estate license in Michigan is even a good idea for you. What is your preferred level of financial security?
Do you require a bedrock of a fixed income that you can rely on month to month, no matter what happens, as long as you work? That’s a typical, salaried job, and it’s one of the reasons they there’s a lot less independence in such a job. However, in exchange for that ability to be your own boss, you know exactly how much money you will be getting every month. You can plan and build around that, because as long as you are employed, you know what will happen next financially. There may even be employee benefits like health or dental insurance for you and your family.
That’s not what happens when you get a real estate license in Michigan. This is a job that works on commission, and that means you only make as much money as what you’ve sold that month. It means the independence to set your own schedule, organize your appointments and your day in the way that best suits you. But it also may mean there may be a month—or months—where because of a lack of sales, you don’t make aperson all. If you’re the type of personality that believes you deserve what you work for, and earn when you produce results, then a real estate license in Michigan may be for you.
The license is the piece of paper that lets you begin your career in real estate, and there are a few hoops you have to jump through to get it. That’s because a profession in real estate can be quite lucrative and therefore should not be b easy to get into. If you stop and think about it, you’ll realize why.
What if someone approached you, telling you a house you had your eye on was for sale for only $20000, and the sellers really needed to part with it quickly, but the deal had to be done in cash? What if you handed over the money only to find the house wasn’t for sale, the person wasn’t actually a real estate agent, and there was zero way to track the person down because there were no real names or registrations involved? You just made one of the biggest purchases of your life, and it turned out to be a huge mistake, because the person had no legal right to conduct that deal.
A real estate license in Michigan is your legal document that cites you are 100% legitimate and legal to conduct real estate activities and facilitate property transactions. That real estate license in Michigan is a vote of confidence for both you and your potential clients that you are educated, professional and qualified to handle this activity.
Getting a real estate license in Michigan is a pretty straightforward process. Michigan itself has state regulated requirements for what kind of information and knowledge a salesperson must have, and all the information can be learned from a state approved course that runs for at least 40 hours. Once you’ve completed your course, you have three years from the date of course completion to actually write your exam. If you wait beyond that time, you’ll have to go school again. Of course, you also need to be at least 18 years of age before you even attempt any of this.
These regulations all fall under occupational Code, PA 299 of 1980. Meeting these requirements means you can now send in an application to write your exam for you real estate license in Michigan. Once the application has been received and approved, you’ll need to wait until you receive authorization to register for the exam. Upon getting that authorization, you’re free to write the exam and, should you pass, you’ll have your real estate license in Michigan.
While the whole point of this endeavor is to get the real estate license in Michigan, you can’t do that without passing the exam. And you can’t pass the exam without getting a proper education in the rules, regulations, laws, ethics, and practices of the real estate industry itself. For that, you’ll need to take some kind of approved real estate license in Michigan course.
You’ll have quite a few options, including the traditional schooling environment where you attend a class with others and receive instruction from a live teacher. However, if scheduling, or being able to make it to an actual physical location is too difficult, there are other ways to real estate license in Michigan online! Online schools like Career Webschool or Real Estate Express are perfectly valid ways to get your real estate license in Michigan. So look them over and give them a try!
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