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  • Employing Broker Notification (lre-050) - Michigan

Get Employing Broker Notification (lre-050) - Michigan

BPL/LRE-050 (06/15) FOR OFFICE USE ONLY Approved By: Michigan Department of Licensing and Regulatory Affairs Bureau of Professional Licensing Licensing Division P.O. Box 30243, Lansing, MI 48909 (517).

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How to fill out the Employing Broker Notification (LRE-050) - Michigan online

The Employing Broker Notification (LRE-050) is an essential form for real estate professionals in Michigan, enabling a smooth transition between employing brokers. This guide will provide you with clear, step-by-step instructions on how to complete this form online.

Follow the steps to successfully complete the form online.

  1. Click ‘Get Form’ button to access the Employing Broker Notification form and open it in your preferred editor.
  2. Fill in your personal information, including your name (first, middle, last), address, city, state, ZIP code, and telephone number. Ensure that the information is accurate and up-to-date.
  3. Enter the ending date of your employment with the previous employing broker and last four digits of your U.S. Social Security number.
  4. Provide your email address for communication regarding your application.
  5. Complete the new employing broker information section. Write the name of the new employing broker as shown on their broker's license, without using any DBA, associate broker, or branch office designation. Also, include their broker permanent I.D. number, address, city, state, and ZIP code.
  6. Review the certification statement. Both you and the employing broker must sign to confirm that the information provided is true and complete, and acknowledge that misrepresentation may lead to an application denial or disciplinary action.
  7. Fill in the payment information. Indicate whether this is a transfer of license or an employing broker notification for a new online salesperson applicant who did not designate an employing broker. Note the applicable fee of $10.00.
  8. Once all sections are completed, ensure the form is accurate, then save your changes, or proceed to download, print, or share the completed form as needed.

Complete your Employing Broker Notification online today to ensure a smooth transition!

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Michigan Real Estate Salesperson License Complete an approved 40 hour pre-licensure course. Apply for your license from the State of Michigan. Upon email notification, schedule your exam through PSI Services, LLC at an authorized testing site. Confirm an employing broker sponsorship.

Education requirements: 45 hours or 3 college credits Real Estate Law or licensed experience. (must include 18 hours Nevada law provided by a NV school). 45 hours or 3 college credits Real Estate Appraisal course or licensed experience. 45 hours or 3 college credits Broker Management course (Nevada specific course).

To be licensed as a salesperson, an individual must pass an examination and have the builder or M&A contractor submit an application for licensure. The license will be issued in the name of the salesperson and mailed to the builder or M&A contractor employing the salesperson.

17. Can I hold a salesperson license and a broker license at the same time? A: A salesperson shall not be licensed as a broker or associate broker while he or she holds a salesperson license.

Complete a 40-hour pre-license real estate course from an approved real estate school. Complete your real estate license application online. Find a sponsoring broker. Pass the Michigan real estate exam.

True/False A person who is broker qualified but chooses to register and work under an employing broker is referred to as a broker associate.

Complete 90 hours of approved real estate coursework within 36 months of application. Possession of a law degree is considered equivalent to 60 clock hours of real estate education with 6 hours in civil rights and fair housing law. You will still need the 30hr Broker Prep Course and to sit for your exam.

Associate broker: You'll be licensed as a broker, but you're licensed to another broker or brokerage entity (i.e., working for their company). Broker company license: With this license, you can open your own brokerage and hire other Michigan real estate salespeople and brokers to work for you.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232