Real Estate License Holding
JPB Homes, LLC is a Michigan Real Estate Broker that can hold your Salesperson license for those who are not actively practicing real estate or who wish to earn income on a referral basis. While in the holding, licensees can keep their license active, work on a referral basis, and do not have to pay state, national, local, or MLS dues. However, you are not able to practice real estate directly.
Why should I join?
If you are taking a break from practicing real estate or simply want to earn income from referrals, joining JPB Homes, LLC can save you significant time and money. By putting your license on hold with us, you can avoid paying board, MLS, and desk fees.
Are there any other fees or payments due while my license is on hold?
No, the only cost associated with putting your license on hold is your monthly $15.00 payment to JPB Homes, LLC. No start up fee and you will not have to pay dues to the MLS or any real estate boards, however you are still required to complete Continuing Education.
Do I still need to complete Continuing Education courses?
Yes. In order to keep your license active in the State of MI, you still need to maintain your Continuing Education or CE requirements in order to keep you license active.
Do you offer any discounts to Continuing Eduction?
Yes. We are partnered with 123ConEd to offer you a 20% discount on your continuing eduction or CE requirements. Discount code will be provided after you have signed up and completed the license transfer.
How do I reactivate my license?
You can cancel license holding at anytime. Just give us a heads up so we can cancel the contract and recurring payment.
What makes you different than other holding companies?
First, we charge month to month allowing the greatest flexibility. Second, there is no start up fee. Third, we have a 90/10 split on referral fee.
Do you hold Associate Broker licenses?
No, JPB Homes, LLC does not hold Associate Broker licenses. We only accept real estate salesperson licenses into our holding company.
Will I have access to the MLS?
As your license will be taken out of active Salesperson/REALTOR® practice, you will no longer have access to the MLS.
How can I earn money from referrals?
Real estate referral fees are typically 25% of the referred agent’s gross commission. However, this fee is negotiable. You and the other agent can choose whatever percentage you both agree upon for your referral split and JPB Homes, LLC will pay you out as the referring agent 90% of that total commission.
I just passed my Michigan Real Estate Salesperson Exam, can I put my license on hold?
Yes, if you are not ready to join a full-service brokerage company or prefer to earn income on a referral basis, joining JPB Homes, LLC would be a great fit for you.
How much does it cost to put my license on hold?
There is a monthly fee of $15.00 to hold your license.
How do I Sign up?
Fill out the form below and we will reach out to you to answer any other questions. We will send you the agent agreement with instructions on how to transfer your license through the Michigan Professional Licensing User System (MiPLUS)
How do real estate referral fees work?
Referral fees reward agents or brokers who refer prospective clients to other real estate agents to handle the transaction. The referred agent becomes the clients primary point of contact and the referring agent receives a fee if the transaction closes.
Can I still participate in real estate activities?
Not directly. While you can still generate income from referring clients, any direct involvement in real estate transactions is prohibited while your license is on hold. You cannot hold yourself out as an active real estate salesperson.