Frequently Asked Questions
Common Questions
A license holding company is a real estate brokerage built for brokers who want to keep their license active without running a traditional sales business. You stay actively licensed under a sponsoring broker, but you’re typically only doing referrals. It’s meant to keep overhead low when you’re not listing and closing regularly.
To join our brokerage, complete our application to join (it takes about 5 minutes), submit your payment electronically as part of the process, and we will guide you through the license transfer.
The fee to join our holding company as a referral agent is $95 a year, one of the cheapest in the industry. Membership renews on your anniversary date annually.
Referrals are submitted electronically through our referral submission form. We have put together an article to guide you through the process.
Yes, you can refer to any broker of your choosing, including those from out of state as allowed by state statute. We have not found any jurisdictions where a referral is not allowed to this point.
Yes, as long as you have a state license most states will let you keep it active as long as you are with an in-state broker.
Referrals are paid through direct deposit after the referral fee check is received and cleared. You will provide your W9 and direct deposit information electronically through a link provided at the time of referral. More information on the process can be found in our state policy manuals linked below.
Yes, you are still considered an active real estate agent and will need to complete the CE required by your state in order to keep your license active.
No. As a referral only agent with our company you are only allowed to refer real estate transactions to other agents of your choosing. This also includes any personal or family property.
As a referral only broker you will not have access to any local MLS. Typically they require you to join as a Realtor® member and we have chosen not to belong to the NAR®.
When joining our brokerage you are no longer a member of the NAR® or any local associations and will not have to pay any dues.
If you decide to go back to active real estate, you can switch back to a traditional brokerage at any time. Just let us know you are leaving and transfer your license to your new brokerage. Your annual subscription stays active and you can transfer back any time before it expires without paying an additional fee other than any state transfer fees.
To cancel your subscription, you can notify us via email or use the “manage subscription” link at the bottom of this page to cancel in your payment portal. We will keep your subscription active until your renewal date and cancel any future renewals.
We have copies of our most current policy manuals available online. Click “Policy Manuals” at the bottom of the page select your applicable state.
Florida Questions
If you currently have an active license, there is no fee to transfer to our holding company.
After completing our steps to join, we will add your license to our brokerage through the DBPR portal within 2 business days.
After we add your license to our brokerage through the portal, the transfer usually happens the same day. Occasionally, if there are issues, the process can take up to 2 days.
The CE requirements vary depending on how long you have had your license.
- First renewal (post-licensing):
- 45 hours for Sales Associate
- 60 hours for Broker / Broker Associate
- After the first renewal (continuing education):
- 14 hours total, made up of 3 hours Core Law + 3 hours Business Ethics Practices + 8 hours specialty education.
Illinois Questions
The state of Illinois charges a transfer fee to move your license to a new brokerage, which is currently $35.
Transfers are completed through the IDFPR portal. After joining, you will receive an email detailing the transfer process. You can also click “Transfer Instructions” at the bottom of this page to review them ahead of time.
We typically accept license transfer requests daily. After we approve the transfer, it usually goes through within 24 hours. Occasionally it can take up to 7 days but that is rare.
- First renewal: 45 hours (Post-License Education)
- After that: 12 hours per renewal cycle (4 hours Core + 8 hours Electives)
- Plus: 1 hour Sexual Harassment Prevention Training (required)