Real Estate Investment Group
Are there any security (e.g. Series 7 and 65) or broker licenses needed if starting a real estate investment group where one entity will make the final decisions (which properties will be purchased and when to sell) on behalf of the group? All properties will be in the LLCs name, group members will sign a revenue sharing agreement with the LLC for all real estate purchased in the LLC name, and all group members will contribute funds for initial purchases.