Michigan License Law Practice Test

How often must all Michigan real estate licenses be renewed?

1. Every year

2. Every two years

3. Every three years

4. Every five years

The correct answer is: Every three years

In Michigan, all real estate licenses must be renewed every two years. This requirement ensures that real estate professionals stay updated on current laws, regulations, and best practices within the industry. By mandating a renewal period of two years, the Michigan regulatory body promotes ongoing education and competency among licensed professionals. This timeframe allows individuals to complete the necessary continuing education credits that are necessary for renewal, thereby enhancing their skills and knowledge. Regular renewal also helps maintain the integrity of the profession, ensuring that all licensed individuals are current with their licenses and legally permitted to engage in real estate transactions.