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Real Estate Exam.
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Free practice questions that mirror the real PSI exam – plus 1-on-1 expert support with a pay-after-pass guarantee!

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MI Practice Exam · Q12 of 115 54:09
Michigan License Law
A salesperson receives an earnest-money deposit from a buyer. Under Michigan law, the funds must be:
A Held by the salesperson until closing
B Deposited in the salesperson's own account
C Turned over to the employing broker for the broker trust account
D Sent directly to the seller
Est. score 92% Passing
98%
pass on the
first attempt
PSI Exam Format Pay After You Pass 12,000+ Candidates Helped 4.9 / 5 Average Rating National + Michigan Portions Pass on the First Attempt
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Michigan Real Estate Question Sets

Choose a study mode below – all 500+ Questions are completely free. Practice with instant answer explanations, or take a timed, exam-style test.

50 MCQs per setInstant answers & explanations
Set 01 Free

MI Licensing & Practice

Article 25 of the Occupational Code, the Board, license requirements and brokerage practice.

~55 min · 50 questions
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Set 02 Free

Agency & Disclosure

Agency relationships, Michigan agency disclosure and service provision agreements.

~55 min · 50 questions
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Set 03 Free

Contracts & Escrow

Purchase agreements, the statute of frauds, earnest money and broker trust accounts.

~55 min · 50 questions
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Set 04 Free

Financing & Title

Mortgages, Michigan interest rules, title transfer, deeds and recording.

~55 min · 50 questions
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Set 05 Free

Property, Valuation & Math

Property descriptions, ownership rights, valuation methods and real estate math.

~55 min · 50 questions
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Michigan Real Estate Salesperson Exam video walkthrough

A full walkthrough of what the exam covers and how to prepare for it.

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Pass in 3 simple steps

No guesswork, no risk. Here's exactly how candidates go from studying to licensed.

01
1

Practice 100% free

Fed up paying for practice tests? We're not like the others – every Michigan question set is completely free. Work through them to see exactly where you stand against the real exam.

02
2

On a tight timeline?

In a hurry to get licensed? Contact us and our experts will fast-track your prep – there's no risk to you, and you only pay after you pass.

03
3

Pass & get licensed

Walk in confident, pass on your first attempt, and start your Michigan real estate career – and remember, you only pay once you've passed.

Why State Exams Prep

Everything you need to pass – nothing you don't

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All the risk is on us. Practice free, get expert support, and settle up only once you've passed.

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Real exam format

Questions structured like the live PSI exam, so test day feels familiar – not foreign.

Answer explanations

Know why each answer is right and the rest are wrong, so weak spots disappear fast.

Full topic coverage

Every domain on the Michigan outline – national principles and state license law.

1-on-1 coaching

Real humans guide your prep and answer questions whenever you're stuck.

Real results

MI candidates who passed with us

Thousands have used our practice sets and support to get licensed in Michigan – most on their first attempt.

Passed first try
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"The practice questions matched the real PSI exam better than anything else I tried. I cleared both the national and Michigan portions on my first attempt."

Maria L.
Maria L.
Detroit, MI
Passed first try
★★★★★

"The Michigan state-law section scared me. Their explanations made the Occupational Code, agency disclosure and trust accounts finally click. Passed with room to spare."

Daniel R.
Daniel R.
Grand Rapids, MI
Passed first try
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"Pay-after-you-pass made it a no-brainer. I felt zero pressure, studied with their plan, and got my license in under a month."

Priya S.
Priya S.
Ann Arbor, MI
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That's our entire promise. Practice for free, get expert support, and settle up only once you've passed the Michigan Real Estate Salesperson Exam. No upfront fees. No risk. Just results.

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Know your exam

Exactly what you'll be tested on

The Michigan Real Estate Salesperson Exam is administered by PSI in two portions – 80 national questions and 35 Michigan-specific questions, with 180 minutes to finish and a 70% passing score. You must complete 40 clock hours of approved prelicensure education first.

Level
Salesperson
State
Michigan
Provider
PSI
Regulator
Michigan LARA

National Real Estate Principles

Property ownership, land use, valuation, financing, agency, contracts and federal fair-housing laws.

Michigan License Law

Article 25 of the Occupational Code, license requirements, broker supervision and disciplinary procedures.

Contracts & Agency

Listing agreements, buyer representation and the Michigan agency disclosure requirements.

Michigan Practice

Broker trust accounts, seller disclosure statements, lead-paint rules and fair housing as applied in Michigan.

Questions, answered

Everything you're wondering

How does "pay only after you pass" work?
Practicing is completely free – all 10 question sets cost you nothing. If you'd like personalized 1-on-1 expert support, just contact us and you settle up only after you've passed your Michigan Real Estate Salesperson Exam – no upfront fees, no risk.
What does the Michigan salesperson exam cover?
The PSI-administered exam has two sections: 80 national questions covering real estate principles, contracts, financing and federal fair-housing rules, and 35 Michigan questions covering Article 25 of the Occupational Code, agency disclosure, seller disclosure and trust-account handling. You get 180 minutes in total and need 70% to pass.
Do I need prelicensure education first?
Yes. You must complete 40 clock hours of prelicensure real estate study at a LARA-approved school – including the required civil rights and fair housing hours – and receive authorization to test before scheduling with PSI.
Are the question sets and exams really free?
Yes – completely free, no signup required. You get 10 full sets in total: 5 practice Q&A sets with instant answer explanations, plus 5 timed, exam-style mock exams. They all mirror the real PSI exam so you can gauge your readiness before test day.

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Real Estate Exam?

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