profile

Five Star Lakeshore

Five Star Real Estate Lakeshore opened its doors in April, 1999 when the owners, Dave Gritter, Terry Brinks and Don TerHorst decided to start a real estate company that would bring together the best agents in the area. These agents have earned the reputation for providing the community with quality service, integrity, and professionalism. Now, Five Star is owned and operated by Terry Brinks, David Arnoldink, and Steve Grilley. We are focused on being an efficient model that provides the highest value to our agents and customers. This is achieved by having the strength of a branded franchise without the overhead and control of a bigger company. Our offices are locally owned and staffed by individuals who have spent years living and working in the Holland, MI area.



Commission & Fees


  • Starting Commission Split
    Broker Receives 30%
    Salesperson Receives 70%
  • $590/month Desk Fees
  • $225/month Monthly Fees
  • More Information :
    100% Program $590 base fee $175-$345 per month depending on office space 70/30 program Agents receive 70% of their commission and 100% after hitting their cap for the fiscal company year $14,500 cap for in office agents $11,500 cap for home or off site agents Mentor program Ask for info


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Brokerage Q&A's


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

We believed everyone deserves the chance to own their own business. We find great joy in providing a first-class, professional work environment that allows agents to thrive as well as contribute to our communities as ambassadors of good will while doing what they love. We command a large market share in the West Michigan real estate scene with around 100 agents and 4 different office locations. We have no franchise or corporate fees but still offer the strength of a large local real estate presence.

approx. 20%

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

We provide one on one training during our mentor program. Our mentor program was made by us for our local market. We start out with "jumpstart" class that is an 11 session course that meets twice a week. Agents will receive a binder with all the lessons and assignments. Following the lessons, agents stay on the mentor program and have our lead trainer accessible to them for the duration of the program. We have seen many of the agents come through our program go on to be very successful in a short amount of time.

2/Week

/Month

0 USD

Our lead trainer, staff, and ownership team

3. What type of commission split do you offer?

Low cost 100% program Low cap 70/30 program in office and home office programs

Yes

Yes

4. What types of costs will I incur?

Agents will pay annual dues to the local, state, and national Realtor associations $225 per month includes agents' MLS subscription, errors and omissions insurance, Realtor.com broker platform, Corefact postcards, personal website, and CRM

yes (in USD)

225 monthly (in USD)

no (in USD)

yes (in USD)

yes (in USD)

5. What types of advertising does this brokerage do?

Yes

Yes

Yes

No

no/per day

no/per week

/per month

Yes

100

5%

Yes

We pay for Google ad spend to drive leads to our agents. We also receive leads from Realtor.com and our brokerage website that get distributed

Full Time : 70000 (in USD)

Part Time : 70000 (in USD)

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

We allow our agents to take their listings with them.

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?

If an agent still had to meet their cap, they would split the bonus also 70/30.

3%

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?

We allow for one primary residence commission to be waived per year. Agents pay their split on investment properties.

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

Agents get invited to be part of a profit sharing program with our title company


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