We are an independent license holding company.

We exist solely for real estate agents who want to keep their license and continue to earn referral fees, or for those licensees who simply want to take a break from the business. 

Don’t retire your license – We will hold it for you!

You've worked hard to earn and maintain your license. We will keep your license active with the State so that you don’t have to give it up.  In addition, we will keep you posted as to where to go for your continuing education and of the State renewal deadline every other year.

When you join us, you are free to refer your clients to any practicing licensed real estate agent at any company, nationally.

When you join us: 

   Ø  We only charge a $110.00 fee per year to hold your license.

Ø  We pay your initial transfer fee to the State.

Ø  You receive 80% of all referral fees you generate. 

Ø  You are free to negotiate your own referral fees. 

FAQs

• 1)     What do I need to do to join your holding company?
• The first step is to fill out and return our new member forms to us.

• 2)     Will I have to pay MLS dues? 
• No. Our licensees focus on generating referral fees, resulting in no requirement to pay MLS dues or participate in real estate organizations.

• 3)     Do I pay the $35.00 transfer fee when I join your company?
• You pay the transfer fee directly to IDFPR when completing your online transfer, then we deduct it from your holding fee.

• 4)     Can I refer my clients to any agent?
• Yes, you can refer to any practicing licensed real estate agent, nationally.

• 5)     Do I have to send you a copy of the Referral Agreement for every referral fee I negotiate?
• Yes, we need a fully completed and signed copy of the Referral Agreement for each referral fee.

• 6)     What do I need to do when the company paying a referral fee asks for a W-9?
• Contact us, and we will provide you or the company with a completed W-9.

• 7)     Can you hold my IL license if I live out-of-state?
• Yes.

• 8)     How do you collect the $110.00 annual holding fee after my first year with your company? Also, how do you send out the invoices?
• We email annual invoices to licensees on their anniversary month.

• 9)     Does your company pro-rate the $110.00 if I leave before my year is up?
• No, we do not.

• 10)  Am I required to hold E&O Insurance?
• No, it is not required for referral business.

• 11)  Do I need to complete C.E. and renew with the State every renewal period?
• Yes. Maintaining an active and current license with IDFPR is a requirement for all licensees.

• 12)  Am I required to send you a copy of my real estate transcripts during the renewal period?
• No. They are sent electronically to IDFPR directly from your real estate school. We advise licensees to keep a copy of their transcripts.

• 13)  How do I reactivate my license when I want to go back to practicing real estate? Do I have to pay any fees?
• To terminate your license with our company, please contact us. We will notify the State that you have left our office. There are no required fees to do so.

• 14)  If I let my license lapse and decide in a couple of years to reinstate it, will I be able to do so without repeating the Broker Exam?
• Yes, the State allows a 5-year grace period to reinstate your license. You will be required to make up any missed C.E. and renewal/late fee payments to IDFPR.

For additional information, please call us at 224-525-4640, or send us an email to: info@islhc.com. Please ask for Lori, Membership Coordinator.