This Michigan Real Estate cheat sheet compresses the Michigan salesperson licensing exam into a printable rundown of the state-law facts the exam tests most. It's a premium cheat sheet built by Capital Prep — the one premium prep we trust — and it's yours free. Reinforce it with the rest of your free Michigan Real Estate toolkit: the practice test, study guide, and flashcards.
Michigan Real Estate exam at a glance
- Result: Pass/Fail — the national and state portions are scored separately
- Structure: A national portion plus a Michigan state portion; confirm current counts, timing and fees with LARA
What’s on the Michigan Real Estate cheat sheet
- Michigan State License Law & Practice (Article 25 / LARA) (32%) — LARA regulates ALL real estate licensees through its Bureau of, trust-account & escrow timing, no consumer recovery fund in Michigan.
- Michigan Agency, Disclosure & Fair Housing (state portion) (20%) — agency disclosure under MCL 339.2517, disclosed consensual DUAL AGENCY is legal in Michigan ONLY with, transaction coordinator = represents NEITHER party.
- Contracts & Agency (national) (13%) — elements of a valid contract, void vs voidable vs unenforceable, listing types & who earns the commission.
- Real Property Characteristics & Land Use (national) (10%) — real property = land + everything permanently attached, bundle of rights = possession, use/enjoyment, exclusion, fee simple absolute = the largest, most complete estate.
- Forms of Ownership, Title Transfer & Recording (national + MI) (8%) — right of survivorship is the dividing line, tenancy by the entirety, land contract (installment/contract for deed).
- Property Value & Appraisal (national) (9%) — three approaches to value, income approach math, highest and best use = the LEGALLY permissible, PHYSICALLY.
- Disclosures & Environmental Issues (national + MI) (8%) — material facts & known latent (hidden) defects MUST be, federal lead-based paint rule (most-tested), michigan channel.
- Financing & Settlement (national + MI) (6%) — note vs mortgage, michigan foreclosure, loan types.
- Real Estate Math (both portions) (6%) — commission & splits, seller's net, michigan transfer tax.
How to use it in your final week
- Front-load Michigan State License Law & Practice (Article 25 / LARA) — at about 32% of the exam it is the largest single area, and on a two-portion state exam the state-law material is where most repeat candidates lose points.
- Then work Michigan Agency, Disclosure & Fair Housing (state portion) (20%) — the sheet leads there with agency disclosure under MCL 339.2517.
- Then work Contracts & Agency (national) (13%) — the sheet leads there with elements of a valid contract.
- Drill the traps until they are reflex — the one that catches most Michigan candidates is naming the "Michigan Association of REALTORS," "Dept. of State," or "Dept. of Treasury" as the regulator.
- Read the sheet the morning of your appointment for a last pass on the memory hooks, and confirm your exam details with the Michigan Department of Licensing and Regulatory Affairs (LARA) before test day.
The cheat sheet is your review layer — your Michigan Real Estate practice test drives the exam-readiness ring at the top of this page. Download it, review, then take a full practice exam (or drill with the study guide and flashcards) to see where you stand.
Michigan Real Estate cheat sheet FAQ
Yes — the Michigan Real Estate cheat sheet downloads as a PDF at no cost and with no sign-up. It sits alongside Career Employer's free Michigan Real Estate practice test, study guide, and flashcards, so your whole licensing prep is free in one place.
It condenses the highest-yield Michigan licensing facts into a fast reference, covering all 9 content areas with their exam weights — from Michigan State License Law & Practice (Article 25 / LARA) through Real Estate Math (both portions) — plus the memory hooks and traps that catch repeat candidates.
Pass/Fail — the national and state portions are scored separately. Confirm the current specification with the Michigan Department of Licensing and Regulatory Affairs (LARA) before you schedule.
It is built from the Michigan Department of Licensing and Regulatory Affairs (LARA)'s current content outline and the state statutes and rules the exam tests against. State commissions revise outlines and fees periodically, so verify the live details before test day.
No — the sheet is a cram and review layer, not a substitute for the state's required pre-license education. Use it to lock in the state-law facts and definitions, then work full weighted practice exams to find and fix weak areas.
Michigan State License Law & Practice (Article 25 / LARA) — at roughly 32% it is the largest single area on the exam. Michigan Agency, Disclosure & Fair Housing (state portion) is next at about 20%.
It covers the content areas the Michigan Department of Licensing and Regulatory Affairs (LARA) publishes for this exam, which is where the state-specific questions come from. The national/general real-estate principles are covered across the same sheet's principles, contracts, financing, and valuation sections.
Click the download button or the preview card at the top of this page to open the PDF instantly. Bookmark the page so you can pull it up again the morning of your exam.
References
- 1.Michigan Department of Licensing and Regulatory Affairs (LARA). “Bureau of Professional Licensing — Real Estate.” michigan.gov, 2026. ↑
- 2.Michigan Department of Licensing and Regulatory Affairs (LARA). “Bureau of Professional Licensing.” michigan.gov, 2026. ↑
- 3.PSI Services LLC. “Real Estate Licensure Examinations.” psiexams.com, 2026. ↑
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