Broker License Vs Sales Person License in California

Real Estate Broker · Rocklin, CA · Member since 2020 · 221 posts · 83 votes

I passed my broker exam recently and debating should I leave my current broker and do my own. What other advantage will I have beside commission? I'm thinking liability will be a huge thing if I be my own. Most likely I will be by myself even though other agents have approached me if they can go under me later.

Should I start LLC? Pros and Cons?

I don't know where to start.

Please help.

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Russell BrazilBusiness Member
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Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
6y
e&o insurance is more, record keeping requirements are more stringent. Not sure if in Cali if you need to maintain office space, which is my main reason for not being a broker even though I have a brokers license. Cost of office space is significantly more than I give my brokerage in split.
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Mark Pedroza
Real Estate Agent · Sacramento/Placer ~ San Francisco Bay Area counties · Member since 2012 · 1k+ posts · 743 votes
6y
You can work out of your home but you may need to probably file a fictitious business name and use a mail receiving service or a P.O. Box as a business address..
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