All Forum Posts by: Gregory Beaty

 You must remember that that license alone is not worth the paper it's written on.  Without a Broker to hang it with, it's of no use to you.  The key will be finding a Broker you can hang you license with and do your transaction without having to do a commission split with. This is my problem at the moment.  I'm in Phoenix, AZ.  I've been seeking a Broker who will allow me to hang my license so that I can legally do the business. So far, when I call Brokers I'm either told "Nope! That business is shady and hurts the real estate professional as a whole." Or I'm told "Sure! I'm happy to be your broker, for a 70/30 or 60/40 split..." 

I've spent the last week building out the tech for our REI company.
I'm using Google Apps.  
Email/Sites/Drive/etc etc etc. 

Domain name is $12/yr

Professional apps/email is $5/user/month.  

I've been super happy with it so far. 

Well, that was an interesting 22 pages of reading.  Seems a lot more "experts" on both sides of the isle giving their (conflicting) "professional opinions" than anything else. 

Here's where I'm at.  A business partner and I are starting a company now.  To protect us, I got my RE license in the State of Arizona. She is not licensed.  I figured, if I have a license I may or may not be less likely to get us into any trouble.  

Now here's my problem. I obviously have a worthless piece of paper without a licensed Broker right? So I've contacted Brokers.  I'm being told "Sure! I'd love to be your designated Broker, hold your license and support you in all of these deals.  Just so long as you're bringing me a commission check for each property you wholesale."  

Please forgive my ignorance, but, doesn't this kind of defeat the purpose here?  

I have to pay sales tax and capital gains tax on a double closing, plus closing costs, plus a commission to the Broker.  Can anyone tell me I'm seeing this incorrectly and help me get a better idea on this? 

Thanks everyone! 

Greg