Updated over 7 years ago on . Most recent reply
Clarification - Real Estate Startup
Hi everyone, brand new to the site and looking forward to using it's resources. I have a question that I'm sure can be answered here.
I am in South Carolina and about to become a licensed agent. While doing due diligence to identify a broker to hang my license with, I'm realizing that my overwhelming preference is to launch my own company. I understand the obstacles that exist going that route, however I really haven't been able to find clarification anywhere.
I understand I can't start a brokerage until I have had my license for 3 years, but couldn't I just partner with an existing broker to hang THEIR license on MY company until I am able to get the required experience and become a broker myself? Basically give them a cut of the bottom line for being my company's broker? Or is there something I'm missing saying that a company must be registered in the brokers name or something like that?
Thanks in advance for any feedback.