Coming to Key

Quick Access Bookmark: ComingtoKey.com

Ohio
Preparing to Transfer Your License 
Ohio Real Estate License Transfer Requirements & Process
Ohio Cost Summary

Michigan
Michigan Real Estate License Transfer Requirements & Process
Michigan Cost Summary 

About Key
Education & Training - Entering Key
Compensation
Key Overview

 

Preparing to Transfer Your License to Key

coaching regarding listings and pending transactions

• Time out your listings:  Let them expire 
• Pending transactions - try to close before moving 

• Refer to your independent contractor agreement and/or your companies policy and procedure manual for details about how the company handles listings and sales when an agent leaves. 
• The Ohio Division of Real Estate says if there IS NOT clearly defined policy, then the broker is obligated to pay the agent as they would have normally been paid. 
• Avoid Data Mining:   Download and remove your contacts/clients from your company CRM/database.

Notify Your Current Broker

We recommend you always try and leave on good terms. The following dialog is a great example:

 

Ohio Real Estate License Transfer Requirements & Process

Step 1: Complete the Transfer/Reactivation Application

1.) Completed Salesperson Transfer/Reactivation Application (.pdf application download) 
2.) Check for $34 payable to "Ohio Division of Real Estate"
3.) Send to the Ohio Division of Real Estate (2 Options):

via Mail or Walk-In
6606 Tussing Road

P.O Box 4008

Reynoldsburg, OH 43068

OR 

1.) Visit the Ohio Division of Real Estate e-license center at https://elicense3.com.ohio.gov and follow the instructions for transfer application.

**Salesperson Transfer instructions located here

• (Check Ohio Licensing Center to find your license status)

Estimated Cost Summary: 

• Transfer Fee:  $34

• New Business Cards and Signs:  $100-300

Michigan Real Estate License Transfer Requirements

Step 1: Log in to MiPLUS and complete the license transfer process. 

Instructions can be found here on how to transfer your Michigan Real Estate License Online

Key Realty Michigan Broker #:  6​5​0​5​3​6​6​1​3​4

Michigan Cost Summary

Hondros College Key Realty Set For Success Package - $236

Exam Application - $88

PSI Exam Fee - $79

Board and MLS Start-Up Fees - Up to $1,500

Key Realty Administrative Fee - $249

Business Cards, Signs and Lockboxes - $100-300

TOTAL ESTIMATED START UP COST:  $2,400

Education & Training

      Mandatory

• Admin and Sales Orientation (2-3 Hours)
• Business Planning (1-2 Hours )
• Fresh Start  (Four 3-Hour Classes: From Day 1 in real estate to your 1st Closing)
  

  Recommended

• Key Education Series (20 2-Hour Classes:  Everything you need to know to become a successful real estate agent! )
• Click here to find the Events Calendar in your region
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  Additional Education and Information Resources 
• Free Online Video Continuing Education
• Knowledge Base Training
• Key Design Center
• Keyworld 2.0
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Fresh Start Classes

Fresh Start Part 1:  Everything you need to become effective for your clients in Real Estate

• Help you create the mindset of a business owner
• Integrity Selling - In your product, your industry, your company and in yourself.
• 4 Business Models - with the Social Sphere of Prospecting and Lead Generation.
• Dialogs -The Goal is the Appointment, Buyer & Seller appointment dialogs.
• Specific scripts & dialogs for conversations
• Set up systems to manage your business profitably
• Manage your database to close more deals
• Prospect in a seller's market to find buyers & sellers
• Listing Presentation - Virtual Tours, Brochures & Signage, MLS, Websites, Comparative Market Analysis & flyers.
• Client Services Portfolio Presentation - What is the best way to find properties and financing - Free One Stop Shopping
  
  

Fresh Start Part 2:  Using Key Tools to Build a Successful Business

• How to avoid pitfalls and lawsuits with today's complex transactions
• How to fill out contracts & negotiating offers
• Interacting with the Board of REALTORS
• Communication expectations
• Key Realty Website and Tools Tour
• Dotloop & CRM Training - Learning how to use these tools to build your business!

Key Education Series Classes

1. Client Protection & Risk Reduction
2. Listing Presentations
3. Negotiating
4. Selling with Personality
5. Dealing With Difficult People
6. Time Investment & Management
7. Buying vs Renting
8. Call Conversion
9. Showing & Selling Houses
10. Property Evaluation
11. The 10 Keys
12. Hot Market Marketing
13. Prospecting & Expired’s 
14. FSBO’s
15. Geographic Farming
16. Objections 1 - Create breaking points in Presentation
17. Objections 2
18. Objections 3
19. Financing
20. Financing Alternatives

List of the Available Key CE Classes (Each Class is 2 hours of CE Credit)

10 Keys for Agents
Buying vs Renting
Dealing with Difficult People
FSBO
Geographic Prospecting
Hot Market Marketing
Investment/Investor Real Estate
Negotiating
Negotiating Certificate
Objections
Professional Communication
Property Evaluation
Prospecting
Purchaser's Seminar
Purchaser's Showing and Selling Homes
Real Estate Math
The Wealthy Realtor
Time Management
Why Do You Pay Taxes?

Key Goes to NAR - Learn More

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Compensation

• Annual Company Dollar Cap

Three ways to pay: 

50/50:  Commissions are split 50%/50% with the agent and company until the annual cap is paid. The agent will then receive 100% of their commission until their next anniversary date.

OR

Key Monthly:  The agent pays a monthly fee on the 1st of each month and receives 100% of their commissions.

OR

Key Yearly: The agent makes a one-time payment and receives 100% of their commissions until their next anniversary date. 

Click here to use our commission savings calculator to compare the costs!

Annual Agent Renewal Fee (AAR) $249

The annual agent renewal fee is paid each year in February.

What's Included in the Annual Cap?

Compensation

Errors and Omissions Insurance Included

Lead Program powered by Opcity, RocketLoans & Sirva

NO MONTHLY FEES

100% Commission Model

Education

One on One Mentoring, Coaching & Business Planning

Support

Award-Winning Brokers & Manager Coaching

BrokerSumo - Commission Tracking

Electronic Direct Deposits and Disbursement- Faster and Easier

Stats

21 Locations Covering Ohio, Michigan, Utah and Florida

Over 1,300+ Agents and Staff

11,491 Transactions in 2021

One of the Top 25 Independent Brokerages in the US
Top Producing Nationally Recognized Company

• Other Fees? Nope! 

At Key, we believe in providing agents with one of the best value packages in the industry without overloading them with extra hidden costs and fees. That's why we simply DO NOT charge them. 

No Monthly Fees
No Per-transaction E&O Fees
No Per-transaction Fees
No Compliance Fees
No Broker Review Fees
No Franchise Fees
No Administrative Fees

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Key Overview

• The 10 Keys   -   Who we are, what we teach, how we live
• Average Key Income - 70% higher than the national average
• Key agents make 41% more money from every closing
• 40 Management and Support Staff
• 21 Locations and Growing!
• 1,300+ agents and staff
• 11,000+  homes sold in 2021
• Billion-dollar company - $1,700,000,000.00 in Volume
• Over $66,000,000.00 in commission income
• Free Leads - 400 Transactions - $49,000,000.00 volume
• #25  Independent Brokerage in the United States (RealTrends Ranking One of the fastest-growing companies in real estate
• The Key Guarantee - Our Promises in Writing
• Our Mission Statement
• Agent Testimonials - Our Agent's Stories 
  
• Key Support
• Key Realty Agent Policy Manual