Most people report that the three-hour test is the most difficult part of the real estate licensure process in Michigan. … Your 40 hours of pre-license education should give you all the info you need to ace your exam.
How hard is it to pass the Michigan real estate exam?
Remember, the Michigan real estate exam is hard to pass and over 50% fail the first time. Not only that, but it is expensive to try again. This course has everything you need to pass the first time at a price that is unmatched. If you truly want to hurry up and pass the exam, enroll in our course right now.
Is the real estate exam really hard?
Real estate exams are designed to be difficult to pass, so they can weed out people who are not going to be skilled agents. Though the pass rate varies based on the state exam, they hover around 50% across the country. This means only about half of the people who take a state licensing exam pass.
Is there math on the Michigan real estate exam?
It includes the Michigan State Specific portion, the PSI portion, real estate MATH ONLY section, and real estate vocabulary only exams. … The Michigan Real Estate Salesperson Exam is one of the hardest state test to pass in the United States.
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 much does an average realtor make in Michigan?
The average salary for a real estate agent in Michigan is around $46,160 per year.
How many math questions are on the Michigan real estate exam?
The number of questions in the math section varies by state. You can generally expect to see between 5 to 20 math questions on the state real estate exam.
Is the real estate test multiple choice?
The California real estate license exam is made up of 150 multiple-choice questions to be completed over three hours at an in-person testing center. To pass the exam, you need to score 70% or higher.
Do you have to memorize formulas for real estate exam?
Math formulas are an essential component to pass the exam and becoming a successful real estate broker or sales agent.
Is real estate a stressful career?
The job of a real estate agent is considered one of the most stressful jobs you can have, according to CareerCast’s 2010 Jobs Rated report, which analyzed the stress level of 200 professions.
What questions are on the Michigan real estate exam?
Five of the exam topics are state-specific.
- Contracts – 17% of the Questions.
- General Principles of Agency – 13% of the Questions.
- Practice of Real Estate – 13% of the Questions.
- Financing – 10% of the Questions.
- Real Estate Calculations – 10% of the Questions.
- Property Ownership – 8% of the Questions.
How much does a real estate agent make?
How Much Do Real Estate Agents Make? The median annual pay for real estate agents was $48,930 in 2019, according to the most recent data available from the U.S Bureau of Labor Statistics.