When looking for options to maintain a Michigan real estate license that isn't being actively used, many agents will turn to the State of Michigan for an escrow option. Unfortunately, the State of Michigan does not offer an option directly to escrow a real estate license. The State of Michigan only has active and expired licenses. Active licenses can also be in a "no broker" status.
According to the State of Michigan LARA Real Estate FAQ's:
Michigan does not offer an “escrow” option for real estate licensees. If you have an Active status license you may have your employer remove you as an employee and your license will be placed into “No Employer” status until the expiration date of the license. Or you can transfer your license to a holding company. A holding company is a licensed Michigan real estate broker company that holds licenses for Michigan salespersons and/or non-principal associate brokers who are not actively practicing real estate.
To maintain your real estate license in a holding company, you'll need to transfer your license to a broker such as Ignite Real Estate Group.