I am currently in the process of getting my real estate license in Michigan, with the full intention of getting my Broker license ASAP.I would really like to start my own property management company asap without quitting my current full time job. I have a finance degree and work with budgeting and forecasting in automotive. In the past i worked a 1 year internship as an analyst at a property management company and just over a year as a mortgage underwriter.
Once i get my RE license I have have a family friend that will sponsor me, and ill continue to work full time at my current job.
Once I have my salesperson licence i plan to manage some investment properties of friends and family part time. How strict is the Broker license in the need for 3 years full time experience? Is there any way around this with part time experience?
Strict. It is fraud if you aren't honest on your application. Work around "...at least 3 years full time experience as a real estate salesperson, or equivalent experience." See part 7 for the point break downs of the equivalent. experience here: http://www.legislature.mi.gov/(S(fze5zbuyizxzyfhnbixpdsid))/mileg.aspx?page=getObject&objectName=mcl-339-2505