Hello all,

I will receive my brokers license in the next few weeks and need help. I have limited agent experience but have no clue where to start to be an actual broker (residential sales/loans/commercial). I do not plan on being active or hiring many employees (if any at all) but need to know what the logistics are for documentation, protocal, agreements, etc.

Are there 3rd party consultants or books you would suugest?

"The Digital Paper Trail" by Oliver Frascona has a lot of good information on paperwork for your office. He also has a good sample employment agreement and other sameple forms.

Much of this depends on the state in which you will be a broker.

If you go to the department of real estate for your state, they likely have a section just for brokers with plenty of info on what you need to have done to be "Street Legal" so to speak.

California, for instance, has a section laying out all the things you need, including downloadable PDF forms.

I am a little confused as to why your bothering since you indicate you don't plan on being active or having agents in your shop.

Then of course there is the matter of how you plan to organize your brokerage? Will it be a sole proprietorship, Corporation, partnership? Each has different paperwork demands.

In addition to your state department of real estate, you might also consult with the state association of realtors (assuming your a member). In the members area, there is likely to be lots of information for brokers in your position.

R

Thank you for the responses.

I am busy with in Commercial Investment/development now I have postponed the test for several years. I have decided to get it done and bring in other streams of income for now and in the future.

I have plenty of plans in the future for my license such as doing syndications, and doing commercial loans in addition to joint venturing with others under my license.

Looking for other suggestions as well.

Can you please submit the link you had mentioned to DRE, I am in California.

Thanks