Real Estate Broker, Associate License in Michigan
Quick Answer
Michigan requires a $300 broker-dealer registration fee, proof of FINRA registration, and agents must pass the Series 7 plus Series 63 or 66 exams through LARA.
- Exam
- FINRA Series 7 + Series 63
- Total Cost
- $800 (est.)
- Timeline
- 2-4 months
- Background Check
- Required
- Renewal
- Every Annually (December 31)
Requirements
Real Estate Broker, Associate license in Michigan
Estimated Costs Est.
- Application Fee
- $300
- Exam Fee
- $305
- Total Estimated Cost
- $800
Cost Breakdown
Estimated costs for getting your Real Estate Broker, Associate license in Michigan. Values marked "Est." are extracted from official descriptions.
Enter the cost of your pre-licensing education program
Fees marked "Est." are extracted from official descriptions and may not reflect current pricing. Verify with the Michigan licensing board.
Real Estate Broker, Associate Salary in Michigan
Entry Level
$47,490
Median
$73,310
Experienced
$200,490
Source: Bureau of Labor Statistics. Salary data is for informational purposes only.
How to Get Licensed
Step-by-step roadmap to becoming a licensed Real Estate Broker, Associate in Michigan.
- 1
Complete Education Requirements
No educational requirements
- 2
Submit Background Check
No criminal record prohibitions
- 3
Pass the Required Exam
No exam required — FINRA Series 7 + Series 63
- 4
Submit Your Application
File your application with the licensing agency. Application fee: ~$300.
- 5
Receive Your License
Processing typically takes 2-4 months.
Real Estate Broker, Associate Licensing in Michigan: What to Know
Michigan registers securities broker-dealers through the Bureau of Corporations, Securities & Commercial Licensing within the Department of Licensing and Regulatory Affairs. The COS data explicitly states that broker-dealers must provide proof of FINRA registration and pay a $300 fee. All individual agents must be sponsored by a registered broker-dealer, pass FINRA examinations including the Series 7 and Series 63 or 66, and register through the CRD system. Michigan's Uniform Securities Act (2002) governs these registration requirements.
Frequently Asked Questions
- How much does a Real Estate Broker, Associate license cost in Michigan?
- The estimated total cost is $800, including application fees, exam fees ($305), and education costs.
- How long does it take to get a Real Estate Broker, Associate license in Michigan?
- The process typically takes 2-4 months, depending on education completion and exam scheduling.
- What exam do I need for a Real Estate Broker, Associate license in Michigan?
- You need to pass the FINRA Series 7 + Series 63. No exam required
Considering another state?
Compare Real Estate Broker, Associate requirements across states.
View all states →Data from CareerOneStop (DOLETA/DEED). Last updated: February 15, 2026.