You should join the holding company if you are not actively producing real estate but would like to keep your license in an active status. It’s perfect for brokers that have referral clients and want to get paid on the referrals!

If you’re a broker who is actively producing (working with clients) in real estate, a holding company is NOT the right fit for you.

We charge $109 per year with a one-time processing fee of $24 to hold your license. IPLA will also charge you a one-time fee of $10 to transfer your license to a holding company.

No. In a holding company you will cease paying existing brokerage dues as well as any local, state and national dues. You will NOT have access to the MLS.

We pay you 80% of the referral commission. Let’s explain…

If you have a client ready to make a real estate transaction you can choose any broker from any company you prefer. You would then negotiate a referral split with that broker.

The typical referral fee is 20-30% (but you are free to negotiate any rate) and Indiana Real Estate License Holding Company will pay out to you as the referring agent or broker 80% of that total commission.

Example: You have a client to refer who is buying $300,000 property. You find a realtor to refer to and negotiate a 25% split. Let’s assume a 2.5% commission for the 300k buy, which would be $7,500. When the transaction closes Indiana Real Estate License Holding Company will receive a check for . 25% of the commission which is $1,875. We then pay you 80% of that amount – in this case $1,500. We’ll direct deposit into the bank account of your choice within one day!

Feel free to use the calculator above to play around with the numbers to see how much you can earn!

In a holding company you do NOT have to complete CE requirements. You do, however, need to renew your license every three years! You can renew your Indiana real estate broker license at mylicense.in.gov.

No. You, can, however refer business to any broker you prefer and get paid! See question about “how do referral commissions work” for details.

No. You would have to refer the deal to another broker of your choice and treat it as a referral. See “How do referral commissions work” for more details.

There is ONE exception which is called a New Build Referral. In this specific referral situation, you’ll refer a client or yourself to purchase a new build property whereby you’ll sign the “builder referral commission agreement”. Developers and builders usually pay out a 3% referral commission for new builds. At closing you’ll receive 80% of the total referral commission!

You are welcome to leave our holding company at a moment’s notice at any time. In fact our sister company, Kale Realty, has an Indiana office and if you’re practicing in NW Indiana or Indianapolis, you can join Kale! (we pay out almost 100% commission on all sales at Kale – click here for more info).

Of course you can also join any other firm you wish. And you’re welcome to rejoin our holding company as well!

Technically, forever! As long as you keep your renewals up to date, you’re welcome to stay as long as you would like.

First, click here and fill out the forms (takes less than five minutes) and submit payment. You’ll also receive a form to mail into IPLA with a check for $10 for your transfer. Hopefully you’ll be able to side-step this part by completing the IPLA transfer online, but it’s common to have to mail in the form. We’ll provide instructions so you can try online first. Either way, it’s literally a 10 minute process from start to finish. And we’ll do all the rest!

Call us!!! That’s what we’re here for. Please call us anytime at 312.238.9796. 95% of the time we answer the phone live, but if you get our voicemail, simply leave a message and we’ll call you right back.