Michigan Disclosures, Escrow/Trust Funds & Key Numbers

Michigan · State License Law — free cheat sheet for the real estate licensing exam.

🏛️ State License Law 📍 Michigan

📋 The 1-minute cheat sheet

Salesperson pre-license hours: 40 clock hours.
Sellers of most residential property must provide a Seller's Disclosure Statement.
Federal lead-based paint disclosure applies to homes built before 1978.
Michigan is NOT a community-property state; it follows common-law (equitable) property rules.
Client/escrow funds belong to the client and must be held in the broker's trust account.
Commingling client trust funds with the broker's own money is prohibited.
Agency relationship must be disclosed; escrow is administered through the broker, not the salesperson personally.

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Questions students ask

Is Michigan Disclosures, Escrow/Trust Funds & Key Numbers on the real estate exam?

Yes. State License Law is a scored domain on the Michigan real estate licensing exam, and this topic appears in the state license-law portion.

Is this cheat sheet free?

Yes — every page on Cinna RE's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.

Does Michigan test this differently?

Michigan applies its own license law on top of the national portion. This page covers the Michigan rules specifically, which is what the state section of your exam tests.

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