Michigan License Law
In Michigan, a real estate broker must keep transaction records for a minimum of:
A1 year
B3 years✓ Correct
C5 years
D7 years
Explanation
Michigan's Occupational Code requires real estate brokers to maintain records of all real estate transactions for a minimum of 3 years, available for inspection by LARA.
Related Michigan Michigan License Law Questions
- In Michigan, a salesperson who earns a commission must receive that commission:
- Under Michigan's Occupational Code, a licensee who engages in misrepresentation is subject to:
- In Michigan, a broker who operates a real estate school must ensure the school is:
- In Michigan, a real estate team member's personal name may appear in advertising provided that:
- In Michigan, an unlicensed personal assistant working for a broker may legally:
- A Michigan real estate licensee is prohibited from:
- In Michigan, which entity must be licensed as a broker for a real estate company operating as a corporation?
- In Michigan, a 'consent to dual agency' signed by both buyer and seller must:
Practice More Michigan Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Michigan Quiz →