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#251210 - 09/22/08 08:34 PM Multiple Real Estate Companies
October2006 Offline
Member

Registered: 09/12/08
Posts: 37
Loc: US
As a broker, can I license multiple real estate offices under different names with different llc's? Would I need 2 different licenses with the state I am working in?

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#251221 - 09/22/08 09:42 PM Re: Multiple Real Estate Companies [Re: October2006]
Mr. Foreclosure Online   content
Major Contributor

Registered: 09/01/06
Posts: 2511
Loc: upstate New York
In New York the company name is on the license so you would need a license for each name used.

Not sure where in the US you are but check with your state's licensing office.

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#251500 - 09/24/08 02:39 AM Re: Multiple Real Estate Companies [Re: Mr. Foreclosure]
Delicious Cake Offline
Major Contributor

Registered: 12/10/05
Posts: 2675
Loc: CA
What state are you in?

In California you can be the broker in charge for an unlimited number of companies.

Talk about liability..

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#252195 - 09/28/08 05:20 AM Re: Multiple Real Estate Companies [Re: Delicious Cake]
Mike Taylor Offline
Member

Registered: 10/01/07
Posts: 244
Loc: Indianapolis, Indiana
Definitely state specific. For example, here you can but the companies have to have the same physical address. Call your local real estate commission.

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#254936 - 10/14/08 06:55 AM Re: Multiple Real Estate Companies [Re: Mike Taylor]
Malok Offline
Member

Registered: 08/18/07
Posts: 157
Loc: Kentucky - in a barn!
Getting 1 GOOD office off the ground at a time is difficult enough.

Getting multiple offices done simultaneously, all with different branding/names would take an extraordinary amount of effort.


Question though: why would you do it this way?

If you create a good office/brand, why wouldn't you want to grow that brand, and establish market dominance with it?

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#255030 - 10/14/08 04:05 PM Re: Multiple Real Estate Companies [Re: Malok]
Area Pro Realty Offline
Member

Registered: 05/24/06
Posts: 281
Loc: California
No LLCs allowed with the DRE in California, only corporations
_________________________
Author of "How to Evaluate Real Estate Franchises" www.EvaluateREFranchise.com
and host of Real Estate Agent Radio
www.RealEstateAgentRadio.com

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#256489 - 10/24/08 05:27 PM Re: Multiple Real Estate Companies [Re: Area Pro Realty]
jpoey Online   content
Member

Registered: 05/16/07
Posts: 60
Loc: Novi,MI
In MI you can have as many associate broker associations as you want but only 1 where you are a principle. This means is MI only. As far as the US you can have a brokers license in every state.

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#257704 - 11/01/08 01:20 PM Re: Multiple Real Estate Companies [Re: jpoey]
damsandy Offline
Member

Registered: 10/21/08
Posts: 10
Loc: ny
The short answer is NO unless you plan on paying both for services rendered. Typically, the seller pays both listing and buyer's agents out of the proceeds from the sale. So unless you're buying two houses, one from each agent, don't waste the agents time if you're not buying from that agent. Put yourself in that straight-commission agent's place; would you work for free? I didn't think so.

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#257707 - 11/01/08 02:00 PM Re: Multiple Real Estate Companies [Re: damsandy]
Vermont Online   content
Veteran Member

Registered: 04/12/08
Posts: 1058
Loc: Glover, Vermont
Originally Posted By: damsandy
The short answer is NO unless you plan on paying both for services rendered. Typically, the seller pays both listing and buyer's agents out of the proceeds from the sale. So unless you're buying two houses, one from each agent, don't waste the agents time if you're not buying from that agent. Put yourself in that straight-commission agent's place; would you work for free? I didn't think so.
An interesting answer; but I'm just not clear on what question it is answering.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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