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Michigan Licensing & Statutory Requirements Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Why would a real estate buyer need a service provision agreement?

Question 2 2. When is one time a broker may use a service provision agreement with its agents?

Question 3 3. What is one way a service provision agreement can be helpful when working with a real estate seller?

Question 4 4. What is one attribute of a service provision agreement in Michigan?

Question 5 5. Can a client refuse to pay commission in a dual agency situation?

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Question 6 6.

What is one form that explains there may be dual agency?

I. The listing agreement states dual agency may exist

II. The addendum form can state that the agency has changed to dual

III. The agency disclosure form has the option for a dual agency

Question 7 7. How did Clancy REALTORS become the buyer's agent?

Question 8 8. In the Clancy REALTORS case, why did the seller not want to pay commission?

Question 9 9. What is one regulation regarding advertising Michigan real estate agents must follow?

Question 10 10. What is an example of a contract you will sign with a real estate seller?

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Question 11 11. What is something you would need to disclose to your real estate client in writing?

Question 12 12. What is one regulation regarding real estate commissions you must follow?

Question 13 13. What is a real estate dispute?

Question 14 14. What is one main reason real estate broker's need an office?

Question 15 15. What is arbitration in real estate?

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Question 16 16. What is a real estate mediation?

Question 17 17. What does the real estate transaction coordinator do?

Question 18 18. What is a dual agency?

Question 19 19. What is a key element of a designated agency?

Question 20 20. What does a buyer's agent do?

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Question 21 21. Who must approve your real estate license transfer in Michigan?

Question 22 22.

What is a requirement for getting a real estate license in Michigan?


I. You must be 18 or older

II. You must complete authorized courses

III. You must pass the real estate test

Question 23 23. How many hours of education do you need to get a real estate license in Michigan?

Question 24 24. How often do you need to renew your real estate license in Michigan?

Question 25 25. What is the goal of an investigation by the Michigan Board of Real Estate Brokers and Salespersons?

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Question 26 26. What is a formal hearing held by the Michigan Board of Real Estate Brokers and Salespersons?

Question 27 27. What is an example of a real estate license exemption in Michigan?

Question 28 28. What is an investigation that the Michigan Board of Real Estate Brokers and Salespersons may conduct?

Question 29 29. What is a service provision agreement?

Question 30 30. In the Charles Clancy v. Michael Rubick case, what was the result?

Michigan Licensing & Statutory Requirements Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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