profile

Five Star Real Estate Leaders

Founded in 1996, Five Star is a family-owned, Michigan-based real estate brokerage. Five Star has built a strong framework combining the right mix of low, efficient costs, and highly responsive support staff. Over the last several years we have catapulted from 150 agents in 2012 to over 720 in 2023 with 22 company offices and 24 private branch locations. We are now ranked as the #21 Independent Brokerage in the Nation out of 85,000 brokerages.



Photos



Commission & Fees


  • Starting Commission Split
    Salesperson Receives 70%
    Broker Receives 30%
  • $0/month Desk Fees
  • $135/month Monthly Fees
  • More Information :
    We have two plan options: 1. Flat Fee Plan You keep 100% commission. Caps at $8,340 per year. Basically $695 per month, you keep the rest! 2. A Low Cap Plan 70/30 Split Once you’ve paid in $8,900, you keep 100% for the rest of the year. $135 per month membership fee.


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Brokerage Q&A's


1. Could you tell me a little bit more about the company? Awards? History?

As of 2023, we are now ranked as the #2 Independent Brokerage in Michigan and #21 Independent Brokerage in the Nation out of 85,000 brokerages per Real Trends.

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2. What type of coaching/training/mentorship do you provide?

We have a full educational program which includes weekly training classes. We also have Supervisory Brokers, Deal Doctors, and Agent Support as part of our full-time staff. We offer annual ConEd created by our brokerage and approved by the state and mentoring and financial counsel. We have an agent resource site that is available 24/7. We annually offer Ninja training to our agent community.

0/Week

0/Month

0 USD

We have a Broker Support Team, Deal Doctors, and other administrative Support Staff.

3. What type of commission split do you offer?

There are NO franchise fees at Five Star Real Estate. Our goal has never been to be the cheapest . Our goal has never been to offer everybody everything. Our goal has been to offer choice to the agent community, thereby empowering agents to chose where to allocate funds needed to grown their business. We have two plan options: 1. Flat Fee Plan You keep 100% commission. Caps at $8,340 per year. Basically $695 per month, you keep the rest! Includes access to all Five Star resources, classes, and support. You pay nothing extra, no hidden fees. 2. A Low Cap Plan 70/30 Split Once you’ve paid in $8,900, you keep 100% for the rest of the year. $135 per month membership fee. Includes access to all Five Star resources, classes, and support. You pay nothing extra, no hidden fees.

No

Yes

4. What types of costs will I incur?

We have offices available to rent on a monthly basis and drop-in space at all of our 22 office locations.

0.00 (in USD)

Offices Available (in USD)

$0.00 (in USD)

$0.00 (in USD)

Based on local MLS/Board (in USD)

5. What types of advertising does this brokerage do?

No

Yes

Yes

No

0/per day

0/per week

/per month

Yes

570

15%

Yes

Opcity

Full Time : 0 (in USD)

Part Time : 0 (in USD)

12. What happens to my listings if I leave this brokerage for any reason?

All listings travel with the agent.

13. What happens if I get a bonus on a sale I make? Do I get the whole amount ?? would I have to split it?

All commissions follow either the Flat fee plan or the Low Cap plan.

Left up to the listing agent.%

Yes

15. What is the company’s policy regarding properties that I could buy ?? sell for myself (as an investment)? For example, if I bought a property and flipped it, would I have to pay the company a listing commission?

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16. What special bonuses or incentives do you offer for when I become a top producer with your company?

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