FAQ’s

• Are there any monthly, quarterly, annual, or start-up fees?
No, there are no fees although agents will have a business card expense. There are no royalties, transaction fees, and there are no franchise fees.
• What is the office split?
NONE, There is no office split, the agent earns 100% of their commissions, less the ($300 total) $200 broker compliance fee, $50 E&O, and $50 Technology fee.
• Do you provide office space?
Yes, we offer unlimited unscheduled use of our open office areas during business hours at our office located at 41800 Hayes Road, Clinton Twp, MI 48038. There are several open desks and 2 large conference rooms. Agents can use the open desks or conference rooms to meet with their clients. Agents may meet with buyers at the office, and may schedule the conference room for such meetings. Agents who want individual private 24/7 access office are able to rent space at a discounted rate ranging from $150-250 per month. See below regarding utilizing the office for closings.
• Are there any required meetings?
No, there are no required meetings.  We offer optional weekly trainings.  We require an orientation at the beginning and a purchase agreement training prior to working on any deals.
• Can you acquire my existing real estate brokerage?
Yes, lets talk.
• Are there any sales minimums?
No, there are no sales minimums, though we do expect our agents to be active.  Agents who do not intend to be active should request to park their license with us.
• Does my current broker need to release my real estate license before transferring it to Household Real Estate?
No, it can be done with just a few clicks on the Michigan Miplus website, taking about 2 minutes.
• When can I get broker phone support?
You can reach us on the phone from 9 am to 5 pm Monday through Friday.
• Can I use my own Transaction Coordinator?
Yes, our TC’s are excellent, but you’re free to use any Transaction Coordinator of your choice or conduct the TC process on your own.
• Is Household Real Estate a member of MAR (Michigan Association of Realtors) & NAR (National Association of Realtors)?
Yes, we are members of both MAR, NAR, and NOCBOR.
• Do I need to join a local real estate board?
If you require access to residential transaction forms and lockboxes, you will need to join a local board.
• Do I need to be a member of the MLS?
If you want access to listings and the ability to list properties on the MLS, your local MLS will require you to join.
• Can I do commercial transactions?
Yes, we allow our agents to engage in commercial transactions as well.
• Can I do leases with Household Real Estate?
Yes, Household Real Estate agents can conduct lease transactions.
• Can I sell business opportunities with Household Real Estate?
Yes, Household Real Estate agents can sell businesses.
• How do I get paid?
When you use Shoreline Title Group’s escrow service, you receive payment directly to your bank account on the same day your transaction closes. Otherwise, payments are made on weekly basis.
• Can I just hang my license with Household Real Estate and not join the board?
Yes, Household Real Estate offers an exclusive Real Estate License Park program, allowing members to avoid MAR, NAR, and local board membership fees while still getting paid for transactions with a $19 monthly fee.
• Can new agents join?
Yes, new agents are welcome. We expect our agents to be fully independent.
• Is there any agent training available?
Yes, we provide one-on-one training to our agents, covering all aspects of your real estate business, including contracts, technology, websites, SEO, and more, all at no cost to Household Real Estate Agents.
• Do you offer a Recruiting Bonus program?
Yes, you can receive $25 for every closed transaction that agent you invite to join Household Real Estate closes. This income is offered to the agent for life as long as the agent remains active with Household Real Estate.
• Can I do transactions anywhere in Michigan?
Yes, our Real Estate Commission Flat Fee Brokerage is available to any licensed Michigan real estate agent anywhere in Michigan.
• I’m in the middle of a transaction, can I transfer it?
Yes, you can transfer it by having your current broker and seller sign a Listing Transfer and contacting your local MLS/Board for a “Listing Transfer Form.”
• Can I list properties for less than 6%?
Yes, you can charge any commission rate you prefer, that being said your pricing must be responsible, consistent and avoid discriminatory practices.
• Does Household Real Estate offer commission advances?
Yes, Household Real Estate allows our agents to get cash advances on their pending transactions for a 10% advance fee.
• Does Household Real Estate have a consumer website?
Yes, it’s householdrealestate.com
• Do I really keep all my commission?
Yes, you genuinely keep all your commission. We charge no (zero) monthly, quarterly, or annual fees. We only charge a single $300 broker compliance fee on each transaction.
• What about signs and lockboxes? (Optional)
We provide a package with a self install colonial post and sign, and a lockbox for a returnable deposit. Once you return the post, sign, and lockbox the $150 deposit is returned to you. Another alternative is the agent may use local sign providers who will provide the post and install/remove it upon command. The lockbox and sign only returnable deposit is $75. Agents may print their own signs and buy their own lockboxes. Signage is made with the ability to post your phone number on the sign with vinyl lettering.
• Does your company offer technology?
Yes, we have a technology package. We offer a CRM, listing tools, buyers agency tools, websites, NFC touch business card technology, and more. Since we’re closely affiliated with a mortgage company we offer a mortgage preapproval system offering agents a way to preapprove their clients without needing the support of a mortgage loan officer.
• Does your company offer stock programs?
It is in the roadmap to offer a stock ownership program to our agents. Details are forthcoming.
• Can my transactions close at the office?
Yes. If a closing is held in the office and one of the affiliated Mortgage or Title vendors are not selected then the agent(or their vendor) must pay an additional $35 closing fee (to cover the cost of paper supplies during the closing). This fee is waived if Cranbrook Loans is the lender for the borrower, or if Shoreline Title is the title company in the transaction.