Michigan License Law
A Michigan brokerage that operates as a limited liability company (LLC) must ensure that:
AAll members are licensed real estate brokers
BAt least one member-manager is a licensed broker responsible for brokerage activities
CThe LLC is registered with LARA as a licensed entity
DBoth A and C are required✓ Correct
Explanation
Michigan requires that a real estate brokerage operating as an LLC have at least one licensed broker responsible for the entity's real estate activities, AND the entity itself must be registered with LARA as a licensed broker company.
Related Michigan Michigan License Law Questions
- Michigan's Occupational Code prohibits 'secret profits,' meaning a licensee may not:
- Which agency oversees real estate licensing in Michigan?
- How many hours of pre-license education are required for a Michigan real estate salesperson license?
- Under Michigan law, a licensee who fails to renew their license by the renewal deadline is considered to have a(n):
- Under Michigan law, a branch office operated by a broker must:
- Under Michigan law, an unlicensed person who performs real estate brokerage activities is subject to:
- A Michigan real estate salesperson who wishes to change brokers must:
- Under Michigan law, a real estate licensee convicted of a felony involving fraud must:
Practice More Michigan Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Michigan Quiz →