If you are considering entering the real estate, construction or auction industry in Michigan, you have found the right place.
We offer classes that are intended to get you started or to maintain your education in those professions. These classes are held in conjunction with US Brokers Institute or Acme Institute, Inc.
class schedule - - - - resource center - - - - gwyn's blog
Getting Started in Real Estate
This will always be a work in progress. If you can think of anything to add, email me and let me know at gwynbesner@aol.com
Michigan requirements for Broker or Salespersons licensure, click here
Get your Education
I only teach the prelicensure course in Traverse City and Grand Rapids. Click here for current schedule.
For license information in other states, click here.
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There
is a new system for getting a real estate salesperson's license in
Step
1. You need to go to www.michigan.gov/icola
and create an account.
Step
2. Take your prelicense course.
Step
3. Make application for your
salesperson license using your Icola account.
Step
4. The broker approves the
application
Step
5. Go to www.psiexams.com
print out the registration
form and faxing it to PSI with your charge card number or by mailing it with
a money order or certified check in the amount of $48.
Step 6.
Schedule your exam at www.psiexams.com
or by calling the 800 number on the fax application. If you do not yet
have a broker you may still apply online, however you will not be issued the
license until you have signed up with a broker. For additional
information and test locations please see www.psiexams.com PSI
has prepared a candidate handbook which you may download and print out. It
contains all of the relevant information for obtaining your Broker or
Salespersons exam and license. Click on: CANDIDATE
Information Bulletin
Salesperson
candidates, you must complete the Fundamentals Course before you take the test. Broker
candidates, you may sign up for your test whenever you are ready. The
broker license will not, however, be issued until all the requirements are met.
You
are logged in so there should be no fee.
Click on New User. A
window will open in which you must create a username and password for
yourself. Click continue.
A window will pop open which will thank you for registering.
Click continue.
A menu of courses
will now open. You should be
fine from here on out. There is
now a cookie in your computer. If
you want to re-enter, do not try to sign up as a new user.
If there is more than one user of your computer that wants to work on
the sample exam, you will have to delete the cookies from your computer.
As a disclaimer, I found 3 questions on the Salesperson sample #1 that I disagree with the answers. One is a tax proration. They used a 36 day month. I have written to them and awaiting a response.
If you have not obtained my review CD, you may wish to consider purchasing it. It is available for $10.00 plus $4.50 postage and handling. Call 1 800 799 0483 or write your name and address on a piece of paper and mail it to PO Box 328 Acme, MI 49610 or email me at gwynbesner@aol.com or click on the buy now option to pay with charge card.
If you have a bit of test anxiety, click here for some helpful hints.
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Need some application forms? Here you go.
Broker candidate's, you click on the above link for your experience forms and complete your education and then make application. You are not a broker, until the license comes in the mail.
I know, you are eager. A couple of weeks after you have applied you should be able to go online and find your name. That means in just a short time your license will come in the mail. They will try to get it to you in less than a month. Don't get tempted and start practicing before it comes. Click here
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Setting up your office. (This part is for Brokers, only)
You will need a fair housing poster. The logo, does not have to be on your business card. HUD just said, it should be. It is still optional. I have it on mine. Here is a link to the logo:
http://www.hud.gov/library/bookshelf15/hudgraphics/fheologo.cfm
The Traverse Area Association of Realtors has the posters. I don't know which
association you belong to but they may have it. HUD has three offices in Michigan:
Here are the addresses and phone numbers for the HUD regional offices in Michigan.
Trade Center Building
50 Louis Street, NW
Grand Rapids, MI 49503 Phone: (616) 456-2100
mailto:MI_Webmanager@hud.gov
HUD Phoenix Building 4th Floor, 801 S Saginaw Street Fling MI 48502
810 766 5112
McNamara Federal Building
477 Michigan Avenue
Detroit, MI 48226 Phone: (313) 226-7900
You'd probably better have a copy of the Red Book in your office. Click here.
You need to write a Policy and Procedure Manual. You may take a look at mine to get some ideas. I do not intend for you to copy it. Your manual is personal to your office. One of the more difficult portions of writing a policy and procedure manual may be the language for defining the style of agency that will be practiced in your office. You may find pages 67 to 80 in our 2002 continuing education booklet helpful, if you wish to adopt a designated agency style of office. Here is a link to the site where you may read that www.GLRSonline.com
You will need to have an Independent Contract Agreement with your salespeople
What style of business shall you become? Sole proprietorship, partnership, corporation, LLC Click Here for Michigan's Entrepreneur's Guide.
While the state still has that guide available, they have an even better resourse in this new interactive website on setting up a business. Click here. This site will take you all the way from establishing a name through getting additional licenses, such as sales tax.
One of my students just sent me the site to determine if your Corporate or LLC name has already been taken. Click here for Registered Names
Thinking of getting Top Producer for your business? Click here to check it out.
OK, tell me what else you need? Click here to write to me. Or by snail mail at PO Box 328, Acme, MI 49610
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