Frequently Asked Questions
Why should I join?
If you’re taking a break from practicing real estate, then joining MLP Agent Escrow will save you time and money. Avoid paying board, MLS, and desk fees by putting your license on hold.
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 75/25 split on referral fee. And fourth, we pay the cost of your CE credits.
How much does it cost to put my license on hold?
There is a monthly fee of $10.00 to hold your license.
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 $10.00 payment to MLP Agent Escrow. 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 you hold Associate Broker licenses?
No, MLP Agent Escrow does not hold Associate Broker licenses. We only accept real estate salesperson licenses into our holding company.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)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.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 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.Am I Still Responsible for Obtaining Continuing Education Credits?
Yes, while your license is held in escrow, you are still required to stay current with your continuing eduction credits. However, we are partnered with 123ConEd and will cover the cost of your CE credits when you obtain the credits through them.
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.
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.
Park Your License Now
Please fill out the information below and we will send you the agent agreement for your review. This document will also contain the instructions on how to transfer your license through the Michigan Professional Licensing User System (MiPlUS).