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John ThedfordPoster
#5 Wholesaling Contributor
#5 Wholesaling Contributor
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- Naples, FL
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Disclosure Of Member Of RE Brokerage LLC Required In Any Transaction?
John ThedfordPoster#5 Wholesaling Contributor
#5 Wholesaling Contributor
- Real Estate Broker
- Naples, FL
Scenario: RE Brokerage is set up as an LLC. Members of the LLC (not managing members and not licensed as agents or brokers) want to buy, sell, flip, etc properties some of which may be discovered through the RE brokerage. Does the member have any disclosure requirements or would they simply be a private investor? Does the brokerage have any duty to disclose the member is part owner of the RE brokerage?