Setting up a property management company with broker

[Katy Liu]

I am real estate sales agent and want to enter the property management biz. But in Texas, we need to have a broker license to run the property management company. I am thinking to start a property management with my broker but I would be the only one actually do the job like leasing, marketing and property management.

if you were me, how would you like to split the commission with your broker?

My broker purposes to set up a broker entity LLC and he wants to have 30% share because he could bring me clients. But I am hesitanting because

1) I will try to get a broker license in 4th year once I am eligible so I don't really need him that time. Then I may have trouble to buy out the property management company and do it on my own

2) I am unsure if his resource could really turn into money/income so I don't want to commit 30% share at the first place.

How is your company structure if you run a property management with your broker?

thanks!