FORMS NEEDED:TXSOS - Certificate of Formation for Business Entity
TREC - Application for Brokers License by Business Entity TREC - Change of Designated Broker for Business Entity TREC - Certificate of Insurance for Business Entity IRS - EIN Form SS-4 TXSOS - Add A Member to Your LLC Have a Proposal?
We are always open to other possible creative business relationships. Send your proposal to our broker. |
Are you a Texas Broker Already?If you're a licensed Texas real estate broker with local and national board membership you already know agents you sponsor under your license will be forced to join the local board and pay costly dues in order to remain sponsored by your brokerage license.
Don't you wish there was a better way to retain your agents? For instance, under a different brokerage entity, and under a different designated broker of record. Well, now there's an option for you. Our broker currently acts as a designated broker for many brokerage entities based in Texas and out-of-state. He has the experience to help you setup your broker business entity, so that it meets all licensing requirements by the Texas Real Estate Commission. The benefit to you is that you can now continue running your main brokerage while we act as your designated broker for your non-board member agents. Our best business relationships have always been based on mutual benefit, our fees are posted for transparency. Special pricing request and accommodations are by prior arrangement and design. DESIGNATED BROKER WILL NOT HANDLE ESCROW ACCOUNTS, BUSINESS ENTITIES MUST ALWAYS USE LAWYERS OR TITLE COMPANIES FOR ESCROW/TRUST FUNDS. Your brokerage entity must acquire E & O insurance for no less than $1,000,000 to protect the broker financially from any potential violations and fines, and to secure the payment of the broker's last months fee in the case of dissolution of the relationship. Texas Real Estate Commission requires that brokerage entities maintain insurance coverage during the entities operation, if the managing broker does not our 10% or more of the entity |
