Use: 20OFFSPRING  Save up 20% on all Corofy Real Estate courses. Ends April 8, 2024

How To Renew Your Michigan Real Estate License

Date
March 6, 2024
Share
Date
March 6, 2024
Share
In this article

Renewing a Michigan real estate license is an essential process for salespersons and brokers to maintain their eligibility to practice. Whether you’re an established real estate professional or recently obtained your license, staying informed about renewal deadlines, associated costs, and continuing education requirements is crucial for compliance with state regulations. Adhering to Michigan’s specific guidelines ensures that your career in real estate remains uninterrupted, legal, and successful.

A Michigan real estate license certificate hanging on a wall, surrounded by legal documents and a computer displaying renewal information

The process to renew a real estate license in Michigan includes verifying your current employment status, completing the necessary continuing education credits, and paying the renewal fees by the set deadlines. As a salesperson or broker, you must be mindful of when your license is due for renewal and what steps you need to take to fulfill the state’s criteria. Failing to renew your license on time can disrupt your business operations and may lead to additional penalties or the need to retake certain qualifications.

Key Takeaways

  • Regular renewal of Michigan real estate licenses is required to stay compliant with legal practices.
  • Completing continuing education and submitting renewal fees are part of the renewal requirements.
  • Understanding renewal timelines helps avoid penalties and ensures business continuity.

How Much Does It Cost To Renew A Real Estate License In Michigan?

A Michigan real estate license renewal form sits on a desk, surrounded by a calculator, a pen, and a stack of paperwork. The sun shines through a nearby window, casting a warm glow over the scene

The cost to renew your real estate license in Michigan varies depending on your status as an agent or broker and whether you are renewing on time or late.

Can I File My Renewal Form Online?

Yes, you can file your Michigan real estate license renewal form online. Here’s the breakdown of fees you can expect:

  • Real Estate Agent Renewal Cost Online: $78
  • Real Estate Broker Renewal Cost Online: $108

Late Penalty Fee (If renewal is less than 60 days after the license expiry):

  • For Agents: $20

It’s crucial to remember that these fees are subject to change, so it’s always best to check the Michigan Real Estate License Renewal site for the most current information.

What Are The Continuing Education Requirements For Real Estate In Michigan?

As a real estate professional in Michigan, your license renewal is contingent upon satisfying specific continuing education (CE) criteria. The Michigan Department of Licensing and Regulatory Affairs mandates these requirements to ensure that you remain well-informed on current industry standards and law.

Mandatory Hours
Every three years, you’re required to complete a total of 18 credit hours of continuing education. Importantly, this includes a minimum of two credit hours per year of education related to real estate law.

Elective Hours
The remaining hours may be elective courses that cover various aspects of real estate practice, ensuring you have a well-rounded understanding of the industry.

The courses you choose should be relevant to real estate and aid in your professional development. While these hours are generally referred to as “elective,” they still must be instructional and pertain to your field.

Yearly Requirements

  • 2 hours of legal education yearly
  • Balance hours can be elective CE courses

You can track and verify your CE credits through dedicated platforms like CE Marketplace, which provides detailed history and management of your completed courses.

Remember, adhering to these CE requirements is not just regulatory—it’s also an investment in your professional aptitude and the service you provide to your clients. Ensure your courses are up-to-date and compliant with the standards set by the regulatory authority.

How To Complete Continuing Education Requirements For Real Estate In Michigan?

To maintain your Michigan real estate license, you must complete continuing education (CE) requirements within the three-year licensing cycle. This involves accruing 18 clock hours of certified continuing education through a platform such as the CE Marketplace. These hours must include:

  • A minimum of 2 hours per year focused on law, rules, and court cases related to real estate.
  • At least 1 hour per year on compliance with fair housing laws.

To fulfill these CE requirements, you can select courses on topics such as the management and operation of your real estate business, as well as engaging in studies that cover various aspects of real estate law.

CE Hours Breakdown:

  • Total CE Hours Needed: 18 hours
  • Legal Education: 2 hours per year
  • Fair Housing Compliance: 1 hour per year

You can find approved courses on the CE Marketplace, where you can also track your completed CE hours. Additionally, providers like The CE Shop offer Michigan real estate continuing education courses online.

Upon completion of each course, ensure it is recorded and certified for credit. The state of Michigan requires that you submit proof of completion for these courses when renewing your license. Stay proactive and enroll in courses early in your licensing cycle to spread out your educational workload and ensure compliance before your license renewal deadline.

When Can I Renew My License in Michigan?

In Michigan, as a real estate licensee, your ability to renew your license is tied to the expiration date set by the Michigan Department of Licensing and Regulatory Affairs (LARA). Typically, your real estate license is up for renewal every three years, and you must renew it by the expiration date to continue practicing legally.

Key Dates:

  • Renewal Notification: You will receive a notification to renew your license approximately 45 days before the expiration date. It’s crucial to keep your contact information up-to-date with LARA to ensure you receive this notification promptly.
  • Renewal Period: The renewal period opens 90 days before the expiration date of your license. This window offers adequate time for you to fulfill all required continuing education and submit your renewal application.

Renewal Process After January 1, 2022:

  • As of January 1, 2022, Michigan has moved to electronic licensing. You must renew your license online, unless you specifically request a paper copy during the renewal process.
  • To renew online, you’ll need your license number and the last four digits of your Social Security number for verification.

Important to Remember:

  • Late renewals are possible, but they come with additional late fees applied less than 60 days after the expiration of your license.
  • Keeping up with your continuing education requirements is essential to ensure a smooth renewal process. Failure to complete the necessary education can result in delays or additional penalties.

By staying vigilant of the dates and requirements, you ensure your real estate practice remains uninterrupted in Michigan.

How Much Does It Cost To Renew Real Estate Broker License In Michigan?

The cost of renewing your real estate broker license in Michigan varies depending on a few factors. The standard renewal fee for a real estate broker is $108 if done online. However, should you fail to renew your license by the expiration date, additional fees will apply. A late penalty fee is charged if renewal occurs less than 60 days after the license expiry date.

Fee Breakdown:

  • Online Renewal: $108
  • Late Penalty Fee (less than 60 days late): $20

It’s crucial to note that these costs are subject to change, and the Michigan Department of Licensing and Regulatory Affairs (LARA) updates these fees periodically. For the most current information, you can visit the Michigan Real Estate Brokers & Salespersons page.

To avoid incurring late penalty fees, ensure you renew your license well in advance of the expiration date. The Michigan LARA sends out renewal notifications as a courtesy, but ultimately, maintaining the validity of your license is your responsibility. Keep an eye on the expiration date and complete your continuing education requirements in a timely fashion to ensure a smooth renewal process.

Michigan Real Estate Broker Renewal Requirements

To maintain the validity of your Michigan real estate broker license, you are required to adhere to specific renewal guidelines as mandated by the State of Michigan. Renewal is compulsory to continue practicing without interruption.

Renewal Period and Continuing Education: Your license operates on a 3-year cycle. Within this timeframe, you must complete 18 credit hours of continuing education. It includes a requirement of at least 2 credit hours per year dedicated to law updates or other legal topics relevant to real estate practice.

Yearly Minimum Total Cycle Credits Law Specific Credits
2 credit hours 18 credit hours 6 credit hours

Renewal Process: Upon completion of your continuing education credits, the renewal process is predominantly handled online. Renewal applications are to be submitted through the secure online system provided by the State of Michigan. Licenses are issued electronically to promote efficiency and reduce paper usage.

Fees: Fees are an unavoidable part of the renewal process. As a broker, you are expected to pay an online fee of $108. Should your renewal be delayed and you submit less than 60 days after the expiry, you’ll incur a late penalty fee.

Expired License Reinstatement: If your license has expired, it’s crucial to know that there are additional requirements for reinstatement. Specifically, if the license has been expired for less than 3 years, you must complete 6 hours of continuing education for each year you missed. Keep this in mind to avoid the lapse of your licensure.

Remember to keep up with the State of Michigan’s updates for any potential changes in renewal requirements and to mark your calendar well in advance of your license expiration date to ensure a smooth and timely renewal process.

How Do I Renew My Real Estate Agent License In Michigan?

When it’s time for your Michigan real estate license renewal, ensure you adhere to the state’s requirements to maintain your professional competence. The process is straightforward, and it involves completing mandatory continuing education, tracking your progress, and renewing your license online.

Step 1: Complete Continuing Education

You must complete a minimum of 18 clock hours of continuing education courses during the 3-year license cycle. Importantly, at least 2 hours per year must be focused on law, rules, and court cases regarding real estate.

  • Hours Required: 18 clock hours
  • Timeframe: 3-year license cycle
  • Annual Requirement: 2 hours of legal updates yearly

Step 2: Track Your Continuing Education With CE Marketplace

Register and track your CE courses with CE Marketplace, a resource that confirms your courses meet Michigan’s license renewal requirements. Your CE record will be maintained here, making it easier for you to apply for renewal when the time comes.

  • Website: CE Marketplace
  • Usage: Track your CE hours
  • Purpose: Ensure courses meet state requirements

Step 3: Renew Your License Via MiPlus

Apply for your renewal through MiPlus, Michigan’s licensing system. Licenses are renewed electronically, so ensure your contact information is up to date.

  • Online Renewal: Via MiPlus portal
  • Electronic Delivery: License sent electronically
  • Fees: Pay applicable renewal fees online

Make sure to complete these steps before your license expiration date to avoid any late penalties. Renewing your real estate agent license in Michigan keeps you compliant and allows continued practice in the state.

What Happens After I Renew My Real Estate License?

Once you have successfully renewed your Michigan real estate license, you will continue to uphold the responsibilities and privileges that come with being a licensed professional in the real estate industry. Here are the vital steps that follow the renewal:

  • Electronic Licensing: As part of Michigan’s efforts to reduce paper use, your renewed license will be sent electronically unless you specifically request a paper copy. Always ensure your email address is up-to-date to receive all correspondence regarding your license.
  • Continuing Education: With renewal, the expectation is that you’ve completed the required 18 clock hours of continuing education during the previous licensing cycle, including at least 2 hours annually on law-specific education.
  • License Validation: It’s essential to verify that your renewed license status is updated in the state’s database, which can be done through the State of Michigan’s official website.
  • Compliance and Ethical Standards: Maintaining your license also means adhering to the real estate laws and ethical standards set forth by Michigan, ensuring you provide trustworthy services to your clients.

Here’s a quick checklist post-renewal:

Task Description
Verify License Status Check online to confirm active status.
Certificate of Renewal Download or request a copy for your records.
Continuing Education Document your completed CE hours for future reference.
Update Contact Details Ensure current email and address are on file.
Professional Development Stay informed on industry changes and additional education opportunities.

Remember to keep your license information secure and accessible, as you will need it for your professional activities and when the next renewal cycle approaches.

Why Does My Michigan Real Estate License Say Cancelled?

If your Michigan real estate license displays as “Cancelled,” it could be the result of several factors:

  • Expiration: Your license has a specific validity period. If not renewed by the expiration date, it may be cancelled. Remember to renew prior to the expiration deadline.
  • Non-Compliance with Continuing Education: Michigan requires that you complete continuing education credits to maintain your license. Failure to comply can lead to cancellation.

Compliance with Laws and Regulations:

  • Disciplinary Action: Your license could be cancelled if you’ve violated real estate laws or regulations. It’s important to adhere strictly to professional standards.
  • Criminal Convictions: If you’ve had certain criminal convictions, as per Article 25, you might face cancellation due to character considerations.

To prevent cancellation:

  • Stay up-to-date with continuing education.
  • Renew your license on time.
  • Comply with Michigan real estate laws and regulations.

If your license is cancelled and you wish to reactivate it, consult the State of Michigan’s official resource for the necessary steps for reinstatement.

Is There A Grace Period For Real Estate License Renewal In Michigan?

Yes, Michigan provides a grace period for real estate license renewal. If your license has expired, you can still renew it within 60 days after the license expiration date without having to reapply for a new license. However, there are penalties and specific conditions you need to be aware of.

Late Renewal Cost: If you renew your license within this 60-day window, you will incur a late penalty fee.

Status Renewal Cost Online Late Penalty Fee
Real Estate Agent $78 $20
Real Estate Broker $108 $20

Continuing Education Requirements: Additionally, ensure that you have completed the mandatory continuing education credits before renewing. You must have completed a minimum of 18 clock hours of continuing education courses during the 3-year license cycle, which includes at least 2 hours of continuing education annually.

If you fail to renew your license even after the 60-day grace period, keep in mind that you cannot legally practice until your license is reinstated. To do so, you may have to meet additional requirements, which can include more extensive fees and educational courses.

Remember, it is essential to renew your real estate license on time to continue practicing without interruption. Keep track of the renewal deadlines and the required this continuing education courses to ensure your ability to serve in the real estate market of Michigan.

What Happens If You Don’t Renew Your License?

Failing to renew your Michigan real estate license comes with significant consequences. If you miss the renewal deadline, your license status becomes inactive. While in this state, you’re not legally allowed to engage in any real estate transactions. It is vital to understand the specifics to avoid any disruptions in your career.

  • Immediate Effects: If your license expires, you can’t legally practice as a real estate agent or broker.
  • Late Renewal Period: You might incur a late penalty fee if you renew your license within 60 days after its expiry. Renewing during this period is still possible, but it costs more.
    • Real Estate Agent: $20 late fee on top of the standard $78 renewal cost online.
    • Real Estate Broker: $20 late fee on top of the standard $108 renewal cost online.
  • Continuing Education: You must also ensure you’re compliant with the continuing education requirements.
  • Reinstatement: Beyond 60 days, reinstating an expired license will require additional steps, which may include reapplication, additional fees, and proving that you’ve met continuing education requirements, according to StateRequirement.

To avoid the inconvenience and extra costs associated with late renewal or reinstatement, renew your license on time. Managing your license expiration effectively is crucial for maintaining your eligibility to work as a real estate professional in Michigan.

Do You Have To Take A New Picture When You Renew Your License In Michigan?

In Michigan, you are not required to take a new photograph every time you renew your real estate license. However, it is important to know the frequency at which a new photo is needed.

Renewal Cycle:

  • Generally, you only need to visit a Secretary of State office for a new photograph every 12 years.

Exceptions:

  • If your appearance has significantly changed, you may be asked to update your photograph earlier.

Here’s a simple guideline for updating your license photo:

  • Every 12 years: Plan for a new photograph
  • Significant appearance changes: Update as needed

Your real estate license or ID should reflect your current appearance. If you’re coming up to the 12-year mark or have changed how you look substantially, it’s wise to update your photo to maintain an accurate representation on your license. This can be done during the standard renewal process at a Secretary of State office.

Remember, keeping your license photo up-to-date is not only a requirement—it also helps to confirm your identity when conducting real estate transactions.

Do You Need An Eye Test To Renew Your License In Michigan?

When renewing your Michigan real estate license, an eye examination is not required. The State of Michigan has distinct protocols for renewing a driver’s license, which commonly involve a vision test, but these do not apply to real estate licenses.

For your real estate license renewal, the following are key points to consider:

  • Ensure your continuing education credits are up to date.
  • Confirm that you have completed all mandatory courses as per the Licensing and Regulatory Affairs (LARA) guidelines.
  • Timeliness is crucial; submit your renewal application before your license expires to avoid any late fees or additional requirements.

In summary, renewing your real estate license in Michigan is straightforward if you adhere to LARA’s guidelines and ensure your continuing education is current. Always keep track of your renewal dates to maintain your licensure seamlessly.

How Many Years Does A Michigan Real Estate License Last?

In Michigan, your real estate license is valid for a 3-year license cycle. This period starts from the date your license is issued and continues until it expires.

License Duration:

  • Initial Issue Date: The date when you receive your license.
  • Expiration: 3 years from the issue date.
  • Renewal: Must occur before the license expires to maintain active status.

It’s important that you keep track of your license expiration date. At least two of those hours must focus on laws, rules, and court decisions related to real estate. To stay compliant, ensure that you complete these educational requirements within each year of the license cycle.

Here’s a quick breakdown:

  • Total CE Hours Required: 18 hours
    • Law Specific Hours Required: 2 hours per year
    • General CE Hours Required: Remaining 16 hours can be completed at any time during the 3 years

To sum it up, you need to renew your Michigan real estate license every three years, and part of that process is completing the required continuing education hours to stay informed and compliant with state regulations.

How Long Do You Have To Renew Your License After It Expires In Michigan?

In Michigan, the time frame to renew your real estate license after expiration is crucial for maintaining legal status for your practice. Once your license expires, you are typically granted a 60-day grace period to renew without facing additional penalties. However, it is important to renew before the expiration date to avoid any lapse in licensure.

During this grace period, you must complete the required continuing education hours necessary for renewal, which amounts to 18 hours every three years. These hours must include:

  • 6 hours of legal updates annually
  • 12 hours of elective courses relevant to your practice

Remember to renew on time to maintain an active license. To renew your license, you can typically access the state’s online services. Keep in mind that late renewals might be subjected to extra fees or even require you to retake the licensing examination. It’s imperative to stay updated with the State of Michigan’s regulations for complete details about the renewal process and any updates to policies or requirements.

Regularly check your license status and expiration date, and mark your calendar with these critical deadlines to ensure you complete your license renewal promptly.

  • Before Expiration:
    • Complete 18 hours of continuing education
    • Renew online or through other designated methods
  • After Expiration (within 60 days):
    • Complete license renewal requirements
    • May incur late fees

Act promptly to maintain your license’s validity and stay compliant with Michigan real estate laws.

Conclusion

When renewing your Michigan real estate license, it’s essential to stay informed and adhere to state requirements. Ensure your license is renewed before the expiration date to avoid any penalties or disruptions in your practice.

  • Continuing Education: Complete 18 clock hours of continuing education each three-year cycle, including at least two hours per year on legal updates.
  • Renewal Application: Submit your renewal application through the State of Michigan Real Estate Brokers & Salespersons portal.

You should also ensure that:

  • Fees: Your renewal fee is paid promptly; the standard fee for salespersons is $78.
  • Course Catalog: Take advantage of an up-to-date course catalog to select the required educational courses.

By following these guidelines, you’ll maintain the integrity of your Michigan real estate license and continue serving clients without interruption. Keep these tips in mind, and consider setting reminders for continuing education and renewal deadlines to keep your practice on solid ground.

Frequently Asked Questions

Navigating the process of renewing your real estate license in Michigan is straightforward when you know the specific steps and requirements. Below are detailed answers to common questions that will guide you through the online renewal procedure, outline necessary criteria, fees involved, and educational requirements.

What are the steps to renew a real estate license online in Michigan?

To renew your real estate license online in Michigan, you must log into your account on the LARA website, complete all required forms, and submit the appropriate payment. It’s important to verify all personal information and ensure your continuing education credits are up to date before submission.

What are the necessary requirements to renew a real estate license in Michigan?

You need to complete 18 hours of continuing education, including a minimum of two hours per year in legal updates. Additionally, you must comply with any new rules and regulations set forth by the Michigan Department of Licensing and Regulatory Affairs.

How much are the fees associated with renewing a real estate license in Michigan?

The renewal fee for a real estate salesperson’s license is $78, and it increases if the renewal is late. For a broker’s license, the fee is $108. There might be additional late penalty fees for renewing after the expiration date, not exceeding 60 days.

Where can I find the renewal form for a Michigan real estate license?

The renewal form can be found once you log into your account on the Michigan LARA website. You need to navigate to the renewal section after logging in to access the form.

What is the frequency for renewing a real estate license in the state of Michigan?

A real estate license in Michigan must be renewed every three years. You will receive a notification from LARA when your renewal date is approaching.

What are the hours of continuing education required to renew a real estate license in Michigan?

To maintain your real estate license in Michigan, you are required to complete 18 hours of continuing education every three years. This education must include at least two hours annually on laws, rules, and court cases involving real estate.

Beginner Level

5.0 (500+)

Michigan Real Estate CE course includes:

18 Hr of Continuing Education

State-Approved Instructor Support

Certificate of Completion

24/7 Customer Support

starting at $55