Mich. Admin. Code R. 339.22217

Current through Vol. 24-22, December 15, 2024

Section R. 339.22217 - Acceptable related experience for broker and associate broker applicants

Rule 217. For purposes of calculating the time an applicant for a license as a broker or an associate broker has been engaged in the real estate business, as required by section 2505(7)(b)(viii) of the code, MCL 339.2505, both of the following apply:

(a) A person holding a real estate license in another state shall be given 1 year of credit for each year in which he or she closed 5 or more real estate transactions.

(b) An applicant shall be given 1 year of credit for managing at least 10 units, located in the state of Michigan, for 3 or more years.

Mich. Admin. Code R. 339.22217

2018 AACS; 2021 MR 6, Eff. 3/31/2021