Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Katy Liu
2
Votes |
6
Posts

Operate a property management llc under sponsored broker

Katy Liu
Posted

I am sales agent who owns a property management LLC to manage my own property in TX. Now I want to expand the business and start managing others. I know if I don't have a broker partnered in my own LLC then I would need to conduct the business under my sponsored broker.

If I decided to conduct my property management business under my sponsored  broker, i have the following questions and need some helps,

1, can I still use my own property management llc to advertise or operate the business? if so, do I need to transfer my sales agent license to the LLC? The llc current has no license as it was built to manage my own property.

2, In the TAR residential lease and property management agreement, my broker will be mentioned in the agreement, but can my property management llc sign as broker associate ? or does it have to be myself only?

3, can I use my property management llc to sign a lease with the tenant?

4,  any recommendations on the RE attorney who could help me sort this out? In Dallas fort worth area.

Thank you

Loading replies...