Any Agents Incorporated or became a LLC?

[Mel Locke]

Error and Omissions insurance only covers so much and a quick google search has shown a variety of reasons why it might be a good reason including potentially lower taxes (I am going to need to research that more).    Also, you can't sell John Smith Real Estate Agent, but you could potentially sell Premier Real Estate, maybe take a new agent mentor them and then sell them the holding.  

I know that Keller Williams encourages brand building and I have seen plenty of for sale signs that you have to really look to find the KW logo, but I don't know if they or other brokers draw the line at incorporating.  I am of course trying to find my state's specific regulations, but I thought I would throw out the question to the BP community.  Any insight would be greatly appreciated. 

[Sean Cole]

I have all of my commissions paid to an LLC that's taken the S-Corp election, but it's mostly a tax issue. I don't believe that I'm getting any extra liability protection by doing so, and I'm not sure that you can transfer an agent's license into an LLC (in Ohio), anyway.

What would someone buy if they were buying your LLC that had your personal real estate license in it?  The value is really just your client database, but in Ohio that technically belongs to the broker if they've created a brokerage relationship.

Also, we're required to have the broker's logo at least as prominent as our name or other branding on the sign.  

Net/net, I'd look at it from a tax perspective and seek legal advice to see what you can do to protect yourself more if you're not happy with your E&O coverages. Remember, there's not much you can do to prevent being sued!