I am in search of a new brokerage since mine is moving out state and taking the business with her.

I have been in Commercial Real Estate Lending Industry for about 30 years, and like so many others, was greatly affected by the Banking Industry Fallout and have been reinventing my self on the Brokerage side of the industry. 

Other times and old property became stale but now they are super motivated to sell.So I have my full time office assistant make tons of calls a day to other brokerages and owners directly looking for properties.

I call the local brokerages in my area and ask which agent is there top producer and then I interview them.

I ask this because I have experienced first hand one so called - 20+ years "experienced" managing broker/agent of a big national brokerage firm - provide me with a price analysis that we should list the house at $40k lower than what I came up with my unsophisticated analysis using Zillow.

I currently intern for his brokerage company and he has been nothing short of incredible.

Welcome to BP,I am licensed and as a newbie the education thats available to you really helps with the learning curve in my opinion.I would say definitely vet the brokerage you choose to hang your licensed with and if they offer any classes,also the fee's can be pretty steep so make sure you work that into your budget.....good luck!!!!                              

Juan Ramirez,Not exactly sure about South Carolina, but what ever brokerage you end up signing up with, the designated broker should be able to answer that for you.

We operate in a "niche"...We are a HUD authorized real estate brokerage that works almost exclusively with investors (both wholesalers and rehabbers) helping them acquire undervalued properties.Lately we have had a lot of interest from new investors that are excited about the market segment and can't wait to dive in, but have a potential entry level problem...

But of course when you use your retirement account to invest in your business there's a number of compliance requirements at the beginning as well as an ongoing basis.The following IRS website cover the ROBS. https://www.irs.gov/Retirement-Plans/Employee-Plans-Compliance-Unit-(EPCU)-Completed-Projects-Project-with-Summary-Reports-%E2%80%93-Rollovers-as-Business-Start-Ups-(ROBS)Also, here is how the process generally works.A new C-corporation is established.Corporation sponsors a new 401k/PSP.The IRA funds are transferred to a new brokerage account opened for the 401k/PSP.The new franchise corporation issues stock shares to the 401k/PSP for the benefit of the franchisee.The franchisee must be an employee of the franchise business and he or she may take a reasonable salary.The franchisee’s family members may be employees of the franchise business and receive reasonable compensation for their services.To the extent that the corporation generates profits and elects to distribute those profits to the owners of the business, the percentage of the profits associated with the shares held in the 401k/PSP will flow back to the 401k/PSP brokerage account.