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Q. Can I be licensed with Advanced Referral LLC and still be a member of the M.L.S?
Q. When can I begin making referrals through Advanced Referral LLC?
Q. Can Brokers join Advanced Referral LLC?
Q. What if a salesperson licensed with Advanced Referral LLC wishes to sell their primary residence?
Thus if you are a salesperson licensed with Advanced Referral LLC and you wish to sell your primary residence (home) “for sale by owner”, you may do so without the involvement of Advanced Referral LLC.
Q. What if a salesperson wishes to list their primary residence with a broker?
Section 2510: A real estate salesperson shall not accept from a person other than the real estate salesperson’s employer a commission or valuable consideration for the performance of an act specified in this article.
(1) Except as provided in subrule (2) of this rule, all advertisements to buy, sell, exchange, rent, lease, or mortgage real estate or business opportunities by a broker shall include the broker’s name as licensed and telephone number or street address. All advertising shall indicate affirmatively that the party advertising is a real estate broker.
(2) An individual licensed as a broker or associate broker may advertise personally owned property for sale or for lease in his or her own name, and need not use the name of the broker as licensed. However, the advertising shall indicate affirmatively that the party advertising is a licensed broker or associate broker.
(3) Except as provided in subrule (4) of this rule, advertising by a salesperson or an associate broker shall be under the supervision of, and in the licensed name of, the individual’s broker.
(4) A salesperson may only advertise to sell property under his or her own name if the property is the principal residence of the salesperson. A salesperson may only advertise property for rent or lease under his or her own name if the salesperson is the owner of the property.
Thus a salesperson cannot advertise property that they own in their own name unless it is that salesperson’s principal residence. Therefore, if a salesperson licensed with Advanced Referral LLC is selling any real estate other than their principal residence, it must go through a Broker. If a salesperson wishes to list these properties with a Broker other than Advanced Referral LLC, Advanced Referral LLC does not need to be involved and there would be no fees due to Advanced Referral LLC. The exception to this would be if a referral fee is paid on the listing, in which case the referral fee can only be paid to the salesperson through Advanced Referral LLC and would be split in the same manner as any other referral.
Note: Another possible option would be for the salesperson to temporarily give up their Real Estate license, by having Advanced Referral LLC return the salesperson’s license back to the State of Michigan. If a person is unlicensed, they are free to sell properties they own without having to go through a broker. When the property is sold, the license could be re-acquired. However, please be advised that becoming re-licensed does involve some additional paperwork and $43 fee to the State of Michigan, as well as successful completion of the appropriate continuing education class.
Q. Can a salesperson licensed with Advanced Referral LLC select which Broker the buyer or seller will be referred to?
Q. How is a referral placed?
Q. What is the cost of being licensed with Advanced Referral LLC?
Salespersons licensed with Advanced Referral LLC are responsible for paying their annual license renewal fee to the State of Michigan.
Important: If you register for a continuing education class through the Institute and for whatever reason are unable to attend, you must contact us to reschedule. Please review carefully the “no show” policy in our continuing education brochure (under Important Notes, just above the registration form). As our classes include lunch, we must provide exact counts to the facilities where our classes are held, and once we provide the count we are charged for your lunch whether you attend or not. If you register for a class, fail to attend, and also fail to inform us in advance that you will be unable to attend (by 3:00 pm the day before the class; 3:00 pm the Friday before a Monday class), you will be charged the full price ($59-$64) for any class you take from us in the same calendar year. This undesirable situation can be easily avoided if you notify us at least one day in advance if you will be unable to attend a class you have registered for. Of course, the more notice you can provide to us the better, and if you need to reschedule a class there is no penalty as long as you contact us by the 3:00 pm deadline. Finally, we recognize that certain situations beyond your control, such as family emergencies, may arise after the 3:00 pm deadline that force you to miss the class. In these cases, if you contact us as soon as you are able and explain the situation, a satisfactory compromise can usually be reached.
P.O. Box 156
Mason, MI 48854
Toll Free: 800-308-9004