Michigan State Law

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1.   The license of a real estate salesperson shall be:

 

A.  Carried by the licensee at all times.

B.   Conspicuously displayed in the broker’s place of business.

C.  Carried by the licensee whenever they are working.

D.  Kept on file with the Board of Real Estate.

 

 

 

 

 

 

 

 

 

 

CORRECT!

 

2.   All of the following are exempt from the license law except:

 

A.  A homeowner selling their neighbor’s home.

B.   An attorney-at-law performing their duties as an attorney.

C.  An attorney-in-fact acting on behalf of a close friend.

D.  A trustee selling one property under a deed of trust.

 

 

 

 

 

 

 

 

CORRECT!

 

3.   After a real estate salesperson gives their broker written notification to terminate their employment with that broker:

 

A.  The salesperson must turn their license into the Department of Consumer and Industry Services within 5 days.

B.   The broker must deliver or send the salesperson’s license to the Department by certified mail.

C.  The salesperson should continue to work for two weeks as proper notification to their broker.

D.  The license and pocket card must be destroyed by the broker.

 

 

 

 

 

 

 

 

 

CORRECT!

 

4.   If the license of a real estate broker is revoked:

 

A.  The senior associate broker for that firm would temporarily be named the broker for that company.

B.   The licenses of all salespersons and associate brokers for that firm would be automatically suspended.

C.  Licensees may transfer to another broker, after filling out a transfer form and paying a transfer of license fee.

D.  None of the above.

 

 

 

 

 

 

 

 

 

CORRECT!

 

5.   A young white couple is new to the area and is looking for a house to buy.  The salesperson they are working with only shows them homes in white neighborhoods because he thinks they might be uncomfortable in a minority neighborhood.  The salesperson:

 

A.  Can help them with the neighborhoods, because they do not know the area.

B.   Can help them select a neighborhood, if he gets a signed contract to represent the buyer.

C.  Is guilty of steering.

D.  Can do this, but would be discriminating if he did this with a minority.

 

 

 

 

 

 

 

 

CORRECT!

 

6.   Which of the following is required for a broker’s license?

 

A.  90 hours of approved classroom courses in real estate, including 9 hours of instruction on civil rights law and equal opportunity in housing; be licensed for 3 years.

B.   90 hours of approved classroom courses in real estate, including 4 hours of instruction on civil rights law and equal opportunity in housing.

C.  90 hours of approved classroom courses in real estate; be licensed for two years.

D.  50 hours of approved classroom courses in real estate, in addition to the 40 hours received as a salesperson, including 9 hours of instruction on civil rights law and equal opportunity in housing; be licensed for 3 years.

 

 

 

 

 

 

 

 

 

CORRECT!

 

7.   Two weeks have gone by since Roberta sufficiently demonstrated that she met all of the requirements to obtain a salesperson’s license, and she has not yet been issued a license.  Roberta:

 

A.  Can begin to work, as she is considered to be licensed.

B.   May be issued a temporary license, without paying any additional fee.

C.  Must wait until her license is ready before she can start working.

D.  Was authorized to work as soon as she met all of the requirements.

 

 

 

 

 

 

 

 

 

CORRECT!

 

8.   A salesperson may accept a $500 bonus for doing a good job:

 

A.  From their employing broker.

B.   From the seller.

C.  From a cooperating broker.

D.  Both A and B.

E.   Never.

 

 

 

 

 

 

 

 

 

CORRECT!

 

9.   A licensed agent is required to:

 

A.  Provide a written agency disclosure to a prospective buyer, if the agent is considered to be representing the seller.

B.   Provide an oral agency disclosure to all buyers and sellers.

C.  Provide a written agency disclosure to all buyers and sellers.

D.  Provide an agency disclosure to buyers and sellers prior to signing a contract to represent that buyer or seller.

 

 

 

 

 

 

 

 

 

CORRECT!

 

10. McCarthyism was named after:

 

A.  Joseph McCarthy

B.   Charlie McCarthy

C.  Paul McCarthy

D.  Edgar Bergen’s Dummy

 

 

 

 

 

 

 

 

 

CONGRATULATIONS!

 

More Michigan Law Questions Are Coming!

 

QUESTIONS WILL BE LIMITED, AND FRANKLY I THINK

THE QUIZ IS TOO EASY RIGHT NOW.  IF YOU KNOW OF A

MICHIGAN INSTRUCTOR WHO WOULD LIKE TO WRITE

A FEW QUESTIONS, TELL HIM OR HER TO LET US KNOW

 

Let me try this again     Let’s get out of here and go home     Let me tell you what I think

 

 

 

 

 

 

 

 

 

 

WRONG!!!

 

I Demand an Explanation!     1     2     3     4     5     6     7     8     9     10

Back to Question #     1     2     3     4     5     6     7     8     9     10

 

 

 

 

 

 

 

1.   A real estate broker must conspicuously display the license of each real estate salesperson employed by that broker in their place of business.  The licensee carries a pocket card, which shows that they have a license, not the actual license itself.

 

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2.   An attorney-at-law is exempt from the provisions of the license law, IF they are conducting a transaction in the process of their normal duties as an attorney.  An attorney-in-fact (someone with a power of attorney) is acting in the name of the owner of the property, and is therefore exempt as well.  A trustee under a deed of trust is exempt, as long as they are not making repeated or successive sales.  Other parties that are exempt from the law include a receiver, a trustee in a bankruptcy, administrator or executor of a will, someone court-ordered and an owner selling their OWN property.  A homeowner selling SOMEONE ELSE’S home is not exempt.

 

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3.   Alright, I might be a little off on how this one works, as I’m making assumptions on the department the license gets turned in to (My actual Michigan experience is basically 2 or 3 visits to Detroit’s airport to change planes).  Here’s the quote from the actual law: “If a real estate salesperson is discharged or terminates employment with a real estate broker by giving the employer a written notice of the termination, the real estate broker shall deliver or mail by certified mail to the department, within 5 days, the real estate salesperson's license.”  The Board of Real Estate Brokers and Salespersons is a branch of the Department of Consumer and Industry Services.

 

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4.   If a broker’s license is revoked, the licenses of all real estate salespersons and associate brokers employed by that broker will automatically be suspended, but the licensees may be issued a new license by transferring to another broker.  In this instance, there would be no charge for the new license, if the licensee transfers during the same term that their license was suspended.

 

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5.   A salesperson may not use race as a determining factor in selecting houses for a buyer under any circumstances, and should not be selecting neighborhoods in general.  Guiding someone into, or away from, a certain area or neighborhood is steering.

 

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6.   In order to obtain a broker’s license, an individual must sit through 90 hours of approved classroom courses in real estate, including 9 hours of instruction on civil rights law and equal opportunity in housing.  The 90 hours does not include any of the hours required to get a salesperson’s license.  They also must have been licensed full-time for 3 years (or equivalent experience).

 

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7.   If the Department of Consumer and Industry Services determines that a license cannot be issued within two weeks after an applicant has demonstrated that they’ve met all the requirements for licensure, a temporary license may be issued until the permanent license is ready.  Roberta could not start working until she receives a license of some sort, either temporary or permanent.

 

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8.   A salesperson may be compensated ONLY by their employing broker.  Compensation from all other sources (such as clients or another broker) would go to their broker first, and their broker would pay them their share of the commission or other compensation.

 

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9.   A licensee must disclose in writing to a potential buyer or seller all types of agency relationships available and the licensee's duties that each agency relationship creates, before the buyer or seller discloses any confidential information about themselves to the licensee.

 

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10. Joseph McCarthy.  Okay, so you don’t need to know that one.  I was getting bored.

 

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