Frequently Asked Questions
Can I show properties?
No
Will I have access to MLS?
No , however, we can research what you need on MLS and e-mail it to you
Can I represent Clients?
No
Can I receive commissions on my personal transactions?
Yes & the company will waive their portion of the brokerage fee
Can I co-list property?
No
Will I have lockbox e-key access?
No
Can I write contracts?
No
Can I refer to any agent I choose?
Yes
Can I negotiate my own referral fees?
Yes
What if I'm not sure who to refer to?
We can provide pre screened agents
Can I have a Minnesotal license if I live out of state?
Yes
Can I refer to agents outside of Minnesota?
Yes
What is the commission split?
80% to you, 20% to Option Realty Inc.
Do I still have to take continuing education
Yes, the state requirements are the same for education & renewal
Are there any other fees with Option Realty Inc.?
No
Can I transfer my license back to active status
Yes, anytime you are ready
I finished my classes & passed my exam but not sure where I want to work. Can you hold it temporarily?
Yes.
How long does it take to transfer my license?
Immediately, it is an online transfer
What if I don't know my current license status?
We will look it up for you
Where can I get access current market conditions ?
Option posts current market data on this website from the MAAR website