CALIFORNIA: How to Start Own Real Estate Broker Company?

[Jefferson Kim]

I just passed my Broker exam and waiting on the confirmation paperwork from the State to finalize my license.

Does anyone know of a step-by-step guide so that I can start collecting commission directly from clients with a corporation I own?

Also, does anyone know the rough time frame it takes to get the whole process rolling? I currently have my Sales Person license and I could always get deals done through the Broker I'm employed with (minus their cut).

From what I gathered, here are some steps:

1) Create a corporate or business entity with an EIN.

2) Obtain Errors & Omissions (E&O) Insurance

3) Register my broker's license with the State to be a Broker/Officer of said corporation (not sure on this one)