MI RE Broker study plan

Map the licensing structure in Michigan real estate law (licensing tiers, broker vs. salesperson authority, supervision requirements) into a one-page hierarchy diagram

List the education, examination, and post-licensing requirements that apply to each license type and identify who verifies them

Categorize the disciplinary actions available to the board and match each to a specific violation type

Identify the recordkeeping, trust-account, and advertising rules a broker must follow and note the deadline attached to each

Distinguish prohibited conduct (commingling, undisclosed dual compensation, unlicensed activity) from merely unwise practice using 15 scenario cards

Explain the exemptions from licensing and practice sorting 12 fact patterns into 'license required' vs. 'exempt'

Define the three brokerage relationship types recognized in Michigan practice and state the disclosure trigger for each

Write the timeline of agency disclosure obligations from first contact through closing

Enumerate each fiduciary duty and write a concrete broker action that satisfies it and one that breaches it

Compare the duties owed to a client versus a customer and produce a side-by-side table

Analyze dual agency: how it arises, what written consent requires, and what conduct becomes prohibited once it exists

Resolve 10 agency case scenarios by naming the duty breached and the remedy or discipline that follows

Break a Michigan purchase agreement into its component clauses and label which clauses allocate risk to buyer, seller, or broker

Sequence the steps from offer to closing, including inspection, financing, title, and possession, and flag where deadlines create default risk

Differentiate contract validity concepts (void, voidable, unenforceable) with a worked example of each

Identify the disclosure and escrow-handling obligations that attach at closing

Classify ownership interests (fee simple, life estate, leasehold, easement, lien) and rank them by durability

Compare forms of co-ownership and explain how title passes under each upon death or sale

Convert between metes-and-bounds, lot-and-block, and rectangular survey descriptions and compute area from each

Trace a deed from execution through recording and identify what makes each deed type convey or fail to convey

Compute loan-to-value, down payment, points, and monthly PITI for six financing scenarios

Distinguish conforming, FHA, VA, and seller-financed structures by their qualifying characteristics

Apply the three appraisal approaches to matched property types and justify the choice

Compute prorations, commissions, and net-to-seller figures for closing statements

Drill the calculation types missed in week 6 until timing per problem drops below 90 seconds

Re-test the license-law and disciplinary rules that produced the weakest week 1-2 scores

Complete two timed 50-question mixed sets spanning all five domains and log every wrong answer by domain

Rewrite the 20 highest-value formulas and rules into a single one-page cram sheet

Take three full-length timed practice exams under test-day conditions and record domain subscores

Target any domain scoring below 75% with a focused re-drill before the next exam attempt

Rehearse the disclosure, dual-agency, and trust-account rules aloud until each can be explained in under two minutes

Review the cram sheet daily and retire any item answered correctly five times in a row