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Updated almost 7 years ago on . Most recent reply

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Sharron StJohn
  • Investor
  • Los Angeles, CA
5
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25
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How to explain your LLC is a broker without blowing anonymity??

Sharron StJohn
  • Investor
  • Los Angeles, CA
Posted

I wrote this in the CA-RPA Section 6:

1. Buyer has affiliation with licensed real estate brokers/agents in multiple states including California. 2. The buyer

is an investor and intends to utilize any and all investment opportunities for the subject property at their sole discretion in

order to maximize their return on investment and in doing so may resell the property at any time for any price at no

expense or delay to seller.

Then I add the Representative Capacity Signature Disclosure.

Thoughts?

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,412
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

You absolutely should not try to hide that you are the buyer. You need to absolutely make it clear you are licensed, and are the buyer. This should be 100% clear. The NAR Code of Ethics is clear on this...and the Code of Ethics is the Law in many states. Even in states where the Code is not codified into law, disclosure of licensee status is law as far as I know in every state. Attempts to conceal this can lead to loss of license, suspension, fines and possible claims against your states guarantee fund if they have one.

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