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State License LawMichigan · state portion

Michigan Escrow Funds, License Renewal, and Continuing EducationMichigan real estate exam study notes

Client and escrow money in Michigan must be kept in a separate broker trust account and never commingled with the broker's own funds.

3 key facts 5 practice questions Reviewed Oct 2026
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Key ideas

  • Client and escrow money in Michigan must be kept in a separate broker trust account and never commingled with the broker's own funds.
  • Salesperson and broker licenses are issued on a three-year cycle and must be renewed before expiration, with continuing education completed during each renewal period to stay current on law and practice.
  • Because Michigan is not a community property state, marital property is divided under equitable distribution rules, which affects how title and ownership are handled in transactions.

Before you read

Test yourself first: 5 questions

Question 1 of 5

Michigan real estate licenses are issued for a fixed license cycle. To keep a license active beyond that cycle, a licensee must do what?

What you need to know

Salesperson and broker licenses are issued on a three-year cycle and must be renewed before expiration, with continuing education completed during each renewal period to stay current on law and practice. Because Michigan is not a community property state, marital property is divided under equitable distribution rules, which affects how title and ownership are handled in transactions.

Michigan Escrow Funds, License Renewal, and Continuing Education: FAQs

Is Michigan Escrow Funds, License Renewal, and Continuing Education 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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