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Updated about 10 years ago on . Most recent reply

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Jordin Crump
  • Real Estate Agent
  • Amarillo, TX
0
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4
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LEGALITY.Owning an LLC with rentals/notes, just finished Real estate License

Jordin Crump
  • Real Estate Agent
  • Amarillo, TX
Posted

I own an LLC that deals in renting, flipping, and note carrying. I just got my real estate license in Texas and now work under a different brokerage firm. Legally, I understand that I cannot misrepresent my company as a brokerage firm and I must inform any new prospects that I am an agent. However, I am confused on legal advertising and marketing. Because I have a company of my own I would like to use that name whenever possible.

 What are my options as far as using my company name in advertising? (sale signs, business cards, etc...)

Can agents have their own firms? Do I need to register with TREC?

May I still use my company signs when renting property?

  • Jordin Crump
  • Most Popular Reply

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    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
    13,508
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    Wayne Brooks#1 Foreclosures Contributor
    • Real Estate Professional
    • West Palm Beach, FL
    Replied

    Your LLC can buy, sell, rent properties that it owns. It can't rent/manage properties for others since it is not a licensed brokerage. If your LLC lists the properties with your broker, then you'd be working in your capacity as an agent, but revealing your ownership interest as a licensee. Otherwise no, you couldn't use your broker's signs for your LLC properties. This is basic stuff you should have learned.

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