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Updated over 10 years ago on . Most recent reply

User Stats

22
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9
Votes
Natalya Safronova
  • Involved In Real Estate
  • Reston, VA
9
Votes |
22
Posts

Do I need a listing agreement with LLC that I am part owner of?

Natalya Safronova
  • Involved In Real Estate
  • Reston, VA
Posted

Hi everyone! I recently became a licensed real estate agent in VA (signed paperwork w/broker yesterday) so that I can have access to the MLS and list/find properties for our team. I am part owner of the LLC that will be purchasing and selling the properties. My question is, what kind of paperwork do I, as the agent, need to complete if I am selling the property? I am thinking I will need to have a listing agreement signed by the seller (LLC) and my broker. Is that the procedure even though I am part owner in the LLC? I guess this is something I can ask my broker too, but while I am waiting on my license to be finalized, thought I'd see what people have done. Thank you in advance.

Most Popular Reply

User Stats

966
Posts
498
Votes
Mark Creason
  • Real Estate Lender and Broker
  • Dallas, TX
498
Votes |
966
Posts
Mark Creason
  • Real Estate Lender and Broker
  • Dallas, TX
Replied
@Natalya Safronova

Do you have power of attorney for the LLC? If I was buying the property, or a title rep, I would want to make sure you had the authority to bind the company. In Texas, you need to have both the Husband and Wife sign a listing agreement if they are both on title. Good luck with your new license.

Mark

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