All Forum Posts by: Jim Bailey

I see nothing that bars a broker from paying their agent through an agent's owned company.  

Does anyone do this? You can save a lot routing the commissions through an s-corp (LLC) and then paying yourself a dividend and a salary.

Does anyone do this in order to save on self employment taxes?

A few relevant statutes (that dont actually seem that relevant once you pick them apart) -->

TRELA §1101.651(b)

https://codes.findlaw.com/tx/occupations-code/occ-...

(a) A licensed broker may not pay a commission to or otherwise compensate a person directly or indirectly for performing an act of a broker unless the person is:

(1) a license holder

...so they can pay indirectly.. through the llc...

. [TRELA §1101.355(c)]

(c) A business entity that receives compensation on behalf of a license holder must be licensed as a broker under this chapter.

...right... that is the friggin broker..  no one can get compensation unless through a broker...

Thanks everyone for your feedback. @Guy -- Yes, it would have been nice if my broker at least had experience with this sort of thing.

I'm kind of new to commercial deals....

I contacted a commercial real estate developer and he wants to see a survey and a title commitment in order to consider the land that I'm selling...

Is this common?  Can I get a title company to open title and get this done before there is a contract? I have a title company I'm working with, but I'm not sure if they're willing to do this... should they be willing to do this?

Thanks!

How much are developers paying per sqft of unrestricted land in the Highland park and Bishop arts district and other desirable areas... I know it depends, but wondering what the guidelines might be...

Trying to gauge relationship between cities/ areas.

How much are developers paying per sqft of unrestricted land in the Heights and in Montrose and other desirable, mostly gentrified areas... I know it depends, but any guidelines?

This is a kind of an academic interest, trying to gauge relationship between cities/ areas.