Realtor Broker Agent For Llc In Travis
Description
Form popularity
FAQ
In Florida, agents can set up an LLC, PA (Professional Association), or PLLC (Professional Limited Liability Company) to receive commissions. But here's the kicker: the name of your entity must match your legal name. So if you're dreaming of calling your LLC something fun like “Sunshine Deals LLC,” think again.
A registered agent can be an individual person who is a Florida resident, or a registered agent company authorized to do business in Florida (typically a corporation or LLC). The RA's registered office must be staffed during regular business hours by either the individual RA or an owner or employee of the RA.
In Florida, brokers and sales associates can own a brokerage but cannot register as the organization's director, officer, or general partner. However, if acting as an associate within the brokerage, they must be registered under one of these mentioned titles.
The quickest way to do that is online, starting with getting registered with the Texas Real Estate Commission. Once you're registered, TREC will email a username and password that allows you to create an account and use the TREC Online Services. One thing to watch out for is the name used on the account.
However, ing to Florida Statute 475.161, a broker associate or sales associate may be licensed as a professional corporation (PC), a limited liability company (LLC), or a professional limited liability company (PLLC), if such status has been authorized by the Department of State.
While Keller Williams is by far the world's biggest real estate company thanks to a diverse portfolio of residential, commercial, and industrial properties, many of the biggest real estate companies specialize in real estate that isn't residential.
A Limited Liability Company (LLC) is one of the most popular business structures for real estate agents. It combines the liability protection of a corporation with the tax flexibility of a sole proprietorship or partnership.
“The simple answer is yes, you can buy a house and hold title in an LLC,” says Chris Gleason, founder and CEO of Simplicite Tax Loans in San Antonio, Texas. “However, you must consider whether the benefits of owning a home in an LLC might outweigh the potential drawbacks.”
Although an officer, owner, or employee may serve as an entity's registered agent, an entity may not serve as its own registered agent.
