Joining A Holding Company: Everything You Need To Know

The Local Element

Joining a holding company: everything you need to know

The Local Element
November 25, 2024

TAKING A BREAK FROM REAL ESTATE?

PUT YOUR Michigan Real estate LICENSE IN HOLDING TO PUT AN END TO DUES AND MLS FEES, BUT STILL Collect REFERRALs!

$25 Annual Fee

10% Split

FAQ'S:

Q: Where are you located?

A: In Michigan (for now)

Q: Do you still pay realtor dues in the holding company?

A: Nope!

Q: Can I Still be in real estate?

A: Not quite. While you’d still have your license active with the state to legally collect referral fees, you could not actively practice or prospect for real estate.

Q: Can I easily leave and come back to the holding company?

A: Of course! There is no limit to how many times you can leave and come back to the holding company.

Q: Do I still need to complete my continuing education courses?

A: Yes, you still need to complete your annual continuing education hours. We offer free sessions for you to attend! Let us know, and we’ll add you to our newsletter to keep you informed about the next CE class.

Q: Am I required to keep my license active with the state?

A: Yes, you still need to keep your license active with the state, which means you’ll need to renew it every three years through LARA. If you have any questions, feel free to reach out to us!