All Forum Posts by: Evan Stalcup

Hello BP community,

I am curious to know how many real estate agents form an LLC to receive their commission check from their broker when closing deals?  What are the benefits/disadvantages of owning an LLC compared to receiving the commission directly through your name at the end of the year as a 1099? 

Also if I was to go the LLC route, how do I end up paying myself from the LLC to my name? Just wondering what other RE agents are doing. 

Thanks!

@Shiri Manor Nisenbaum

Happy to hear you were able to finally get it rented out. Were you able to get an 18 month lease to switch it over to the summer time? That will help you in the future. 

Hey John, Congratulations on selecting a path in your career early on. Here in GA, you are able to register and take classes even if you are not 18 but just not able to take the State exam until you turn 18. I would recommend calling the school you wish to attend and inquire. Good luck on your journey!

Interesting to read that this is happening in real life. Currently studying real estate pre sales, so here is my take on it. The keys and alarms are considered a fixture. These are to be turn over to the buyer on the date of closing. In your contract with the buyer as there should be something indicting the right of entrances. Such as a 24 hour notice. If there isn't, then it is implied the owner of the property can come in. You won't get your commission back, and I also don't see anything wrong with what the realtor did, unless stated in the contract. This is an issue between you and your new landlord. Good luck.

Hey Adam, not interested in this property but if you want to send me anything in the future, I would appreciate it. Thank you.

Was a great success, thank you for hosting will be back next month!

Hello, I wish to join, do I show up or do I need to join the meetup?

Hey BP! Just wondering how long did it take you to study and pass your State exam? Thank you in advance.

Hello, I am no expert but I would suggest on holding onto the security deposit and letting them out of the agreement with no refund. I say this because you don't want disgruntled tenants in your house destroying your property .