The office will take its cut.If you agree to a commission, it's a taxable event since you hold a licence.

They aren't very concerned with what you're doing with the Fictitious Name, just that you pay the fee.

For one, you have to hire a licenced contractor other than yourself.

I'm in central NJ and studying for my realestate licence.

Also, do you use your personal name for the LLC, or do you form a business name (fictitious name) for it?

Let’s use fictitious $100k property (we will ignore closing costs for this example) that goes up 10% total (this is less than 5% annual due to compounding) in 2 years.  

Think about when you have taken tests and you are just not sure as several answers seem correct... that's because you read all the answers, wrong ones too.I've done this on three Big test (one being RE Licence) I finish the fastest, the scorer tells me to make sure and take more time, I say I don't need to, then this person tells me I aced the test.You'll thank me.

For example, here are the flag counts for the following people we've been talking about.Scott Carson - criminal:8, traffic:2, financial:6, properties:5, legal:13, licences:0Jay Tenanbaum - criminal:21, traffic:2, financial:1, properties:4, legal:4, licences:2Adam Adams - criminal:0, traffic: 0, financial:0, properties: 3, legal:0, licences:0It doesn't show my properties in my companies, so I am assuming it does not show legal actions against the companies.

. :-)I'm willing to bet that the real GCs in Texas are every bit as good as in Cali.Agreed.All you need for a GC in TX is to file a business license with the state the last time I checked where in CA that's the last step with the fictitious entity at the county and city post qualifications/experience, testing, and backgrounds as you know @Bruce Woodruff 

The problem is that the tenants came with the investment property and while I have a lease with their names signed, I do have any additional info like their SS# or Driver's licence#.