How much does the MI real estate exam cost?

​After your license application is approved by LARA, PSI will email you your Exam Candidate ID number. Once you have this number, you can then schedule your state exam through PSI.

​Once your license application is approved by LARA, PSI will email you your Exam Candidate ID number. Once you have this number, you can schedule your state exam by calling PSI at (855)579-4635.

Once LARA approves your license application, PSI will email you your Exam Candidate ID number. This number is used to schedule your state exam. You will have to provide this number to PSI, which they will use to verify that you are eligible to take the exam.

The Michigan state licensing exam costs $79 per attempt. The exam fee is nonrefundable and paid directly to PSI.​

​The $79 state licensing exam fee is typically paid using a credit card. The fee is paid directly to PSI when you schedule your state exam. You also have the option to mail in a money order, company check, or cashier's check.

​LARA will electronically send your information to the PSI testing center within 48 business hours of your license application being approved.

​You must take the Michigan state licensing exam at a PSI testing center. There are seven PSI locations within the state of Michigan. However, you can take the state exam at any PSI testing center throughout the country.

​You may cancel or reschedule your exam date without forfeiting your exam fee if you notify PSI at least two days before your exam date. Otherwise, you will have to pay for another exam fee in order to reschedule your exam.

Yes, your exam registration expires after one year. If you do not take or pass the state exam within one year, you will have to re-register for the state exam and pay for another exam fee.​

Yes, you are permitted to take the state licensing exam if you do not have a sponsoring broker. However, you will not receive your real estate license until you have a broker confirm your employment.