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All Forum Posts by: Jaedon Carlisle

Jaedon Carlisle has started 0 posts and replied 1 times.

Quote from @Michael Plaks:

@Angelina Lee

Working on W2 for someone else does not count (in fact, counts AGAINST your hours) unless you own 5% of the company you work for.

@Michael Plaks I currently work for a property management and investment company as a full-time W2 employee. I will be receiving my RE License shortly.

My understanding of the rule would be to request 5.01% ownership in my company if I wanted to utilize the REP status correct? I know this is a strange question, but is there any advice this forum can provide me in requesting that ownership percentage?