What does a Broker need to do to hire a salesperson?

[Morgan D'Cruz]

Hi BP community,

My fiance is a licensed broker and I just passed my salesperson exam last week. We are planning on having him hire me/ hang my license so that I can began working on submitting offers for our personal investing. We aren't exactly sure what we legally need to have to make that happen, such as the kind of insurance, if he needs to have a company vs sole prop., and any other formalities. Any insight would be great.

Thanks in advance!

[Moises Carlos]

So if all he is is a licensed broker, you can hang your license with him. Just log onto your BRE account and find him and assign your license to him. You don't need a company or anything for RE purposes. If you do want to form a company, do a C corp and then convert it to an S corp for pass through treatment. THe Cal BRE does not accept LLC or partnerships as brokers. Next you want to join NAR, CAR and a local board to have access to an MLS and zipforms (to write offers). That's about all you really need to get going. Submit good offers and you will get responses.