Confused about licensing and flipping (TX)
Hi all,
So I'm preparing to rehab houses in the next year. I'm currently enrolled & working on the courses to satisfy educational requirements to be a RE salesperson in Texas.
In one course, it stated that a business entity must be licensed as a broker. So my question is, I thought salespersons working under a broker were able to incorporate bc they were like independent contractors under the broker? Is this wrong?
Also, I was going to flip within the entity (with myself doing the deal acting as my own sellers agent) and form a separate LLC for any non-flip-related RE commissions on the side. Would I not be able to do that in Texas without first being licensed as a broker???
This is rocking my grandmaster plan, and now I'm confused.
Help!
(also @j scott bc your flipping book is my bible and why I'm getting my license, but didn't see this issue addressed)
(EDIT: for some reason i couldn't tag.)