PA Designation

By
Real Estate Agent with Simms Team - Coastal Properties Group

Many real estate agents have a PA designation.  Can anyone explain what that is?  I know Public Accountant, Physicians Assistant, but I know several agents and they have not been to medical or law school.  One person told me it is related to business, like an LLC, but I can't find one answer that satisfies me, any ideas?

Comments (9)

Robert May
Robert W May - Lethbridge Real Estate - Lethbridge, AB
Real estate consulting

hmm, that is a designation that I have never seen.  It is not listed on the NAR or the CREA site as a recognized designation.  Maybe someone just made it up.

Feb 05, 2009 08:51 AM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS

P.A. is a Professional Association, according to Florida law. Nick Spradlin explains it as "a person or group of people, all of whom are required by law to be licensed in their profession...incorporated for the purpose of rendering the same professional service to the public." He goes on to explain the tax benefits of being a P.A.

Feb 05, 2009 08:55 AM
Rob Johnson
Simms Team - Coastal Properties Group - Saint Petersburg, FL
CLHMS, ABR, e-PRO, CSP

So does that mean it doesn't really mean anything?  Do you have to earn the PA designation, or can anybody use it?

Feb 05, 2009 08:58 AM
Anonymous
Helpful Info

Title XXXVI BUSINESS ORGANIZATIONS Chapter 621 PROFESSIONAL SERVICE CORPORATIONS AND LIMITED LIABILITY COMPANIES View Entire Chapter 621.12 Identification with individual shareholders or individual members.-- (1) The name of a corporation or limited liability company organized under this act may contain the last names of some or all of the individual shareholders or individual members and may contain the last names of retired or deceased former individual shareholders or individual members of the corporation, limited liability company, a predecessor corporation or limited liability company, or partnership. (2) The name shall also contain: (a) The word "chartered"; or (b)1. In the case of a professional corporation, the words "professional association" or the abbreviation "P.A."; or 2. In the case of a professional limited liability company, the words "professional limited company" or the abbreviation "P.L.," in lieu of the words "limited company" or the abbreviation "L.C." as otherwise required under s. 608.406. (3) In the case of a corporation, the use of the word "company," "corporation," or "incorporated" or any other word, abbreviation, affix, or prefix indicating that it is a corporation in the corporate name of a corporation organized under this act, other than the word "chartered" or the words "professional association" or the abbreviation "P.A.," is specifically prohibited. (4) It shall be permissible, however, for the corporation or limited liability company to render professional services and to exercise its authorized powers under a name which is identical to its name except that the word "chartered," the words "professional association" or "professional limited company," or the abbreviations "P.A." or "P.L." may be omitted, provided that the corporation or limited liability company has first registered the name to be so used in the manner required for the registration of fictitious names.

Jun 25, 2010 03:51 AM
#4
MaryBeth Mills Muldowney
TradeWinds Realty Group LLC - Braintree, MA
Massachusetts Broker Owner

I just dont think this is appropriate if after being licensed for thirty years I too had to look up what a PA is like the gentleman above.  I just read a raving review of someone who spoke to all the designations they held (Buyers Agent and working on GRI) hmmm and they had PA after their name like it was an occupational designation or degree bestowed, it would be like me putting LLC behind my name when the LLC is within the confines of my company name not my personal name....oh yes it was a party from Florida.

How do you feel about this?

Nov 06, 2011 09:39 AM
Anonymous
Bob Burchfield
It may be something people like because not many are familiar with it and it draws questions. It also may be an Ego thing for some people. I can be portrayed as a special person and I have it and you don't. The other option is for tax purposes. Hopefully that is what is behind this.
Mar 26, 2014 03:10 AM
#7
Anonymous
A Riv

It's for tax purposes people, not for showing off. It's smart tax planning.

Apr 08, 2016 07:39 AM
#9
Anonymous
Realtor Ken Hahn

I'm a Realtor in Fort Lauderdale, FL and due to a well written article in the "Realtor Magazine" published by the National Association of Realtors (NAR), I too started a business entity- Limited Liability Company (LLC) called: First Name, Last Name, LLC. Besides providing liability benefits if a real estate customer wants everything you own personally, regards to real estate tax breaks are better accepted upon filing taxes.

Apr 19, 2016 02:54 AM
#10