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Updated over 7 years ago,

User Stats

37
Posts
19
Votes
Shepard Ager
  • Real Estate Professional
  • Birmingham, AL
19
Votes |
37
Posts

How to protect my Commercial Real Estate Firm from my investments

Shepard Ager
  • Real Estate Professional
  • Birmingham, AL
Posted

Hey Everyone,

I need some advise.  In June, I am suppose to start with a Commercial Real Estate Firm as an agent in birmingham, AL.  I just spoke to my qualifying broker to run my personal investment model by him.  I currently buy and sell land, flip houses and invest in rental property.  I put all my investments in LLCs.  My qualifying broker is saying this I am not allowed to do this while I am licensed under the firm as an agent because the firms E and O insurance does not protect an agents personal investments and it puts the firm at risk if any lawsuit were to come about.  Has anyone ever run into this issue or does anyone know anyway around this sort of thing?  I wondered if I was to remove my name from all the LLCs and put my wifes name on it if that would make a difference.  Any advice will be MUCH APPRECIATED!  Thanks!

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