There is a low annual fee of $100 in the Onward Holding and Referrals company. This fee is prorated the first year of joining and then due every January.
Even with your license on hold, you can refer potential clients to active agents and earn a referral fee once the transaction has closed.
Here’s how it works:
By leveraging your network and referring potential clients, you can still generate income even though you're not actively involved in the transaction process.
As your license will be taken out of active REALTOR® practice, you will no longer have access to or pay for, the MLS. You will also not pay National, State or local dues.
In the holding company you cannot practice real estate. You can only refer customers to other licensed agents and receive referral income.
Yes. Although you are unable to actively practice real estate while in a holding company, you still need to maintain an active license by completing your CE and renewing your license in order to refer transactions and receive compensation.
You can transfer your license at any time if you decide to become active again. You just need to let us know and we'll arrange for the transfer. Of course we would love for you to consider any of our Keller Williams locations located in Glen Ellyn, Wheaton, Elmhurst, Downers Grove, Naperville, Geneva and Aurora.