MI Real Estate study plan

Trace the Michigan licensing pathway for a salesperson and an associate broker, from prelicensure coursework through examination, sponsorship, and license issuance

Summarize the advertising, records-retention, and trust-account handling rules that bind a Michigan licensee in day-to-day practice

Compile the renewal, continuing-education, and disciplinary-procedure provisions into a single reference page with citation notes

Define the regulated activities that require a license and the statutory exemptions that do not

Answer 25 licensing-and-regulation practice items and tag every miss by root cause (misread, unknown term, rule confusion)

Re-test the week 1 miss log until every item is answered correctly with a stated reason

Diagram the bundle of rights and classify freehold, leasehold, and statutory estates with a Michigan-flavored example of each

Compare forms of co-ownership (tenancy in common, joint tenancy, tenancy by the entirety, condominium, cooperative) on survivorship, transferability, and creditor reach

Identify the ownership interests created by a land contract versus a deed-and-mortgage transaction

Sketch the boundaries described by three sample legal descriptions, one each in metes and bounds, platted lot, and government survey

Solve ten legal-description and area-calculation problems, hitting at least nine correct

Explain how encumbrances, easements, licenses, and encroachments affect title and marketability

Distinguish the agency relationship types available in Michigan and identify how each is created and terminated

Draft the required disclosures and consents a brokerage must obtain at the start of a representation

Sequence the stages of a Michigan purchase agreement from offer through closing, naming each contingency and deadline

Analyze the elements of a valid contract and apply the statute of frauds to three short fact patterns

Resolve five practice scenarios on fiduciary duties, dual agency, and conflicts of interest by citing the governing duty

Compare commission structures and explain how compensation is negotiated and disclosed

Sit a timed 40-question mixed quiz covering domains 1 through 3

Compute monthly principal and interest, loan-to-value, and qualifying ratios on five worked loan scenarios

Classify mortgage instruments and loan programs by amortization, rate structure, insurance requirement, and prepayment terms

Apply the three approaches to value and select the correct approach for five described properties

Reconcile a small sales-comparison grid and adjust for differences in features, time, and location

Explain how Michigan's mortgage and foreclosure timelines affect a transaction in progress

Re-work every week 5 calculation error until three consecutive clean attempts are recorded

Differentiate the deed forms used in Michigan by the warranties each conveys and the covenants each carries

Trace the chain of title on a sample abstract and flag the encumbrances that would appear in a title commitment

Sequence the settlement process, naming the documents, prorations, and disbursements handled at closing

Complete a 60-question timed quiz spanning domains 1 through 4 and log each miss by domain

Calculate prorations for taxes, rent, and settlement charges across four closing-date scenarios

Identify the transfer-tax, recording, and notice obligations triggered by a Michigan conveyance

Apply the seller's disclosure and lead-based paint obligations to three property fact patterns

Resolve eight ethics scenarios by naming the duty implicated and the correct course of action

Assemble a fair-housing checklist and test three sample advertisements against it

Re-read the cumulative miss log and re-drill every item missed more than once

Convert each heavily missed concept into a one-line rule you can state from memory

Sit a full-length 100-question simulated exam under timed conditions

Audit the result by domain and rank the three weakest areas for final review

Recite the ten highest-yield rules aloud without notes