A Quick View In The Real Estate Industry Of Michigan

The truth is, Michigan actually has a lot of good real estate property investments that anyone can have in for their future investments

. In a record set last year, 2010, Michigan was among the most populous state of the US, making it among the best choices to start a career or investment in the RE industry. The state covers also the longest freshwater coastline all over the world, and has a population of over 9 million "" a result that came from the US 2010 Census.

Economy in Michigan

With over 9 million of population in Michigan, there is no doubt that even the state with the most number of water bodies surrounding it, RE industry is still high in value. One of the main reasons why the property investment in Michigan is a positive venue is because of its good economic growth over the past few years. Taxation in Michigan for properties or what is commonly known property taxes depends on the local level, but most taxes of the state is not that high, giving good revenue feedbacks for RE agents in the state as well as in the industry. Since unemployment is somewhat connected to property investments, Michigan"s local government has made some positive changes on their imposed taxes which helps them create an increasing job growth in their state. As the year 2011 has entered, the number of individuals who are expected to have job has increased, which also include those career in the real estate industry. Agents of the industry who have been long time agents can also update their resumes and knowledge in the market through different online training course offered by different websites available in the state as well. Most of these are real estate licensing courses and Michigan Real Estate CE (continuing education) for people who need to renew their license in the state and continue their career. Most of these websites are approved by the Michigan State Board of Real Estate Brokers & Salespersons, and people should always check websites first before enrolling themselves into such e-learning websites.

Requirements for Getting Real Estate License

Here is a quick review on the requirements for getting a license in the real estate industry, depending on what career or job an individual has chosen.

For individuals getting a license as a Salesperson, he/she must be able to finish a 40 hour RE fundamental courses which should be approved by a certain approved RE agency in Michigan. After completing the needed period for courses, an individual should next take the licensing exam and get a passing grade to be able to have a certification and license as a Salesperson in the RE market of Michigan.

For individuals getting a license as a Broker, he/she must have 3 years background in the RE industry and then complete a 90 hour course by an approved Michigan real estate agency. After then comes the licensing exam and an individual should get a passing grade to have certification and license of being a Broker in Michigan.

For individuals taking a Michigan Real Estate Continuing Education, he/she must have accomplished both the requirements for salesperson and broker license. The CE includes an 18 hour which should be taken for every 3 years in the state of Michigan which also serves as a renewal of license for the individual.

by: Dave Velasco

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