Fred Griffin presently on Leave of Absence, Licensed Florida Real Estate Broker (Fred Griffin Real Estate)

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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Yes. That is how many teams operate here - licenses are hung with another broker and they are the broker of their team in either an Inc. or an LLC. 

Nov 04, 2018 08:55 PM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

In Georgia yes.  But you have to be licensed that way.  Example... Jane Doe DBA Jane sells Sinclair, LLC by the real estate commission.  Business card has to have both and brokerage name and brokerage and/or attorney must pay the BE.  Although I do know some who skirt/break the rules, but not my brokerage.

Nov 04, 2018 07:47 PM
Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Even after I sold my company and became a Broker Associate I retained the corporation Fred Griffin .

Nov 04, 2018 07:20 PM
Rainmaker
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Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Yes.  We have PC's, S corps, LLCs and more within our brokerage.

Nov 04, 2018 08:19 PM
Rainmaker
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The Villages Realty
The Villages Realty - San Jose, CA
"Our Performance Will Move You!"

In California the only two types of entity for a real estate brokerage allowed by the Department of Real Estate is either a Sole Proprietor or a Corporaation.  No LLCs or LLps or General Partnerships.

Nov 04, 2018 08:12 PM
Rainmaker
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Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

My broker allows an agent to establish an LLC.

Nov 04, 2018 06:55 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Yes, many do, however the check has to be written to an individual.

Nov 04, 2018 06:44 PM
Rainmaker
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

That is an interesting question.  I do not know Fred Griffin -

I know I can as a broker.   

Parked and Reading. 

 

Nov 04, 2018 06:27 PM
Rainmaker
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

That's what I've done for years. I have no my own company which is paid by my brokerage.

Nov 05, 2018 02:02 AM
Rainmaker
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Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Yes, John and I have an LLC. Many agents and teams are S corps.

Nov 04, 2018 08:50 PM
Rainmaker
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Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Many do

Nov 05, 2018 02:31 AM
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I believe Colorado can!

 

Nov 10, 2018 11:26 AM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

My CPA recommended to incorporate years and years ago, and was working under another Broker.

Nov 08, 2018 05:00 PM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Yes. 

LLC is the most common, I believe, but ask CA CPA. 

Nov 06, 2018 12:19 AM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes they can...

Nov 05, 2018 06:39 PM
Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I operate under a P.A. 

Nov 05, 2018 06:38 PM
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Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Fred, great question! 

With you we will find the right answer.

Nov 05, 2018 11:47 AM
Rainmaker
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Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

Oh, Fred, what the smart question. 

I will pass. :)

Nov 05, 2018 11:23 AM
Rainmaker
798,155
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

I researched this back in May when I was told by my CPA to form an entity. In Florida, an agent (who is not a broker) can be a P.A., LLC or PLLC.

After consulting my attorney and tax CPA, I was leaning towards LLC or PLLC but after talking with my broker was advised to do a P.A. so that is what I did.

I would suggest that anyone considering doing this not only talk with their attorney and CPA but their broker as well.

By "sole proprietorship" do you mean a d/b/a? I have not heard of that being an option in Florida.

     

Nov 05, 2018 10:52 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Yes. You have to be careful to follow the rules in your state.

Nov 05, 2018 10:31 AM
Rainmaker
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Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

As stated it's fairly common here Fred.

Nov 05, 2018 09:38 AM
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes.  I know many sole agents that run as an LLC or corp.

Nov 05, 2018 08:02 AM
Rainmaker
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Chuck Willman UtahHomes.me
Utah Homes - Alpine, UT
Utah Homes

Yes- it is done frequently in my state (Utah) and in the state I previously lived (Arizona).

Nov 05, 2018 07:37 AM
Rainmaker
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Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

Yes in Ohio.

Nov 05, 2018 07:12 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

I have my brokers license... but I was not the broker/owner.... I never had income in my name....it always went through a corporation... I was Inc....

Nov 05, 2018 06:37 AM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Sure can...

Nov 05, 2018 06:36 AM
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

YES but the their rea estate license has to reflect the entity they working under and if a DBA, that has to be licesned as well. SO i need license approval for myself, my llc and my dba

Nov 05, 2018 06:28 AM
Rainmaker
692,067
Richard Bazinet /MBA, CRS, ABR
WestUSA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

In AZ, yes. I'm the owner of my real estate LLC, my license is with the LLC. My LLC hires me as the practitioner. Title companies and brokerages pay my LLC, not me directly.

You can also be other types of corporate like a PC for example.

Nov 05, 2018 06:06 AM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Yes as long as they have a broker

Nov 05, 2018 06:01 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think even in Florida, there are some restrictions.

Nov 05, 2018 05:35 AM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Fred,

Yes, we were a C corp while we were working with a broker.  In CA real estate companies cannot operate as an LLC.

Nov 05, 2018 05:35 AM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes, you can do so in Illinois and many do!

Nov 05, 2018 05:00 AM
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes & we've discussed it here many times. S or C corp? My CPA charged an arm & a leg for doing it & I'll never make that mistake again. You can do it yourself easily.

Nov 05, 2018 04:58 AM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I was a Sub S for a long time when I was with other brokerages.

Nov 05, 2018 04:50 AM
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Yes; however, their broker must have some role in the entity.

Nov 05, 2018 04:31 AM
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Noidea.

Nov 05, 2018 04:11 AM
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James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Yes it is, in Arkansas

Nov 05, 2018 04:05 AM