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Online Real Estate Prelicensing Courses

Classroom Real Estate Prelicensing Courses

Continuing Education for Real Estate Agents


Online Real Estate Prelicensing Courses

Classroom Real Estate Prelicensing Courses

Continuing Education for Real Estate Agents



Online Real Estate Prelicensing Courses

Classroom Real Estate Prelicensing Courses

Continuing Education for Real Estate Agents



Checklist: Getting Licensed in Michigan

1 Complete your real estate fundamentals (prelicensure) course: Your school will submit your certificate of completion to the State of Michigan. Always keep a copy for your records. You must apply for licensure within 36 months of completing your prelicensure course.
2 Complete and submit your real estate salesperson license application: Log onto MIPlusGo.com to apply for licensure. You don’t need to have a broker at the time you submit the application; broker information will be supplied to the State of Michigan after passing the state exam using MIPlus. Your license will remain in “pending” status with the state until broker sponsorship is confirmed.
3 Receive authorization to test: If no additional documentation is required, your application will be approved, and you’ll receive an email from the State in 2-5 business days notifying you of your authorization to register for the exam. This email will include your exam candidate Michigan Real Estate (MIRE) number and examination registration instructions. NOTE: You must complete all licensure requirements within one year of applying on MIPlus. Exam scores are valid for one year.
4 Contact PSI to schedule exam: Provide PSI with your MIRE number, then schedule and pay for your exam. The MIRE number is used only for scheduling your exam, this is NOT your license number. Your license application will remain in “pending” status with the state until broker sponsorship is confirmed and you have taken a passed exam.
5 Take and pass exam
6 Licensure: Typically, exam information will be imported into your MIPlus account within 48 hours after successful completion of the exam. Once your exam score is received by the Real Estate Salesperson Licensing Department and broker sponsorship is confirmed, the State-issued paper wall license and pocket card will be mailed to your employing broker’s main office.

Please note: Broker applicants must complete 90 hours of courses and pass the PSI exam prior to applying for a broker’s license.
Additional Notes:
Broker applicants must complete 90 hours of courses and pass PSI exam prior to applying for a broker’s license.
At this time, broker candidates are not able to use the iCOLA site to apply for new licenses.

Do You Have Questions

We would love to sit down with you to talk about the real estates licensing process, its requirements, and what it takes to get through real estate school. Sometimes it is easier to have someone guide you through the process and help you think about what is most important.

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Frequently Asked Questions

The State of Michigan requires 40 hours of education courses prior to your being allowed to take the state license test. Coldwell Banker Schmidt Family of Companies offers outstanding training and education utilizing both computer and classroom training. You will find during your career that advanced training will always be required for you to stay informed about the business including 6 hours of state of Michigan required continuing education to maintain your real estate license.
Perhaps one of the greatest values brought to agents who wish to grow their business is Coldwell Banker’s award winning training system. This incredible resource provides dynamic learning opportunities at all phases of an agent’s career development. Coldwell Banker Schmidt Family of Companies offers outstanding training and education. Click here to visit our real estate school portal.
While sales and people skills give you a jump on the competition, we still find that people from most vocational and educational backgrounds have been very successful in real estate. Take our free real estate personality profile to find out how you compare with top-producing real estate agents.
Yes, during the pre-license period, each office sales manager will provide a tailored program for entrance into the profession depending on your current career situation.
Successful agents find the profession requires strong work habits and put in long work hours to succeed. Newly licensed agents typically spend 50-60 hours a week in the first year of real estate. The flip side is that you are your own boss and can set a schedule that suits you and take time off and vacations when YOU choose.
Your costs will breakdown as follows:
  • Pre-license (40 hours) course training will cost approximately $225-$250 depending on the school you choose.
  • Local, state and national board memberships, plus MLS membership run $750 to $1,000, depending on which board. The annual MLS renewals range between $300-$450.
  • Training and start-up costs are $500+, depending on experience in business. Some start-up costs can be paid out of future closings.
  • Monthly costs are generally $90-$100, depending on the board and MLS.
Yes, however under the close supervision of your office sales manager.
There are literally dozens of activities that, as an agent, you can take part in during your business week, such as the following:
  • Previewing your office's new listings on office tour
  • Previewing properties listed by other agencies
  • Completing paperwork on transactions
  • Following up with customers/clients
  • Following up with prospects
  • Setting showing appointments
  • Showing properties to buyers
  • Attending office meetings
  • Attending educational sessions
  • Prospecting for potential customers/clients
  • Doing listing presentations
  • Learning about title, escrow, closing procedures
  • Organizing materials/your desk
  • Answering calls at office on schedule assigned by office (commonly called floor time)
  • Holding open houses for the public
  • Holding open house for the cooperating agents (brokers' opens)
  • Preparing brochures for properties
  • Promoting yourself (preparing brochures, cards, etc to mail to identified markets/other promotions to increase name recognition)
  • Following up on transaction to the end of the transaction (closing)
  • Studying finance options
  • Planning your days, weeks, long-term goals
The following is where our successful associates get their customers:
  • Sphere of influence (people you already know)
  • Open Houses
  • Prospecting your "inner circle" (relatives, etc)
  • For Sale by Owners
  • Expired Listings
  • Demographic Prospecting (Attorneys, CPA's, Insurance Agents, Financial Advisors, etc)
  • Corporate calling
  • Geographical Prospecting
  • Sign/Ad calls
  • Floor Time
  • REALTOR Referrals
  • Community Involvement
  • Buyer/Seller Seminars
  • Online leads
  • Relocation Referrals
  • Direct Mail Prospecting
Coldwell Banker partners with SPARK to offer low cost benefits.
It varies, but each year we have new associates earning over $60,000 in their first year. On average our new associates earn $35,000 to $45,000. After the first year and continued commitment to the business, income typically grows to $50,000, to $70,000 and higher. We have many associates who earn well into a 6 figure income consistantly.
The average commission charged to most sellers depends on local market practices. This amount is then divided between the listing and selling real estate brokerage. You then split the commission with Coldwell Banker Schmidt. We have a menu of generous commission programs that you can review with an office sales manager.

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careers@cbgreatlakes.com

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