4871 Palm Coast Pkwy NW #2
Palm Coast, FL 32137
Phone: 386-246-3131
FAX: 386-246-3162
4871 Palm Coast Pkwy NW #2
Phone: 386-246-3131
In my classes I teach that as soon as we get our license, we are operating as Sole Proprietors with our Independent Contractors contract under our Broker.
Many have realized that this might not be the best entity to work under. Many sales associates have incorporated themselves. Now you know I am not an attorney, so this information should be checked with your attorney. I will caution you that not many attorneys know the specific law regarding licensees. Here’s the bottom line. You must incorporate in your name as is appears on your real estate license. Either as a PA (which is an S Corporation) or an LLC, or a PLLC. You cannot use a fictitious name and expect your broker to pay you a commission.
You can have your attorney do it or you can go on SunBiz.org and do it yourself. Once you have incorporated with the Department of State, you must change your name on your license with a form sent to the DBPR. Now your Broker can pay your corporation and you may be protected from personal liability under the vail of the corporation. The next thing is to get a checking account and a charge card in the name of the corporation. Your brokers check goes into the account and you pay yourself and expenses from that account. Your accountant will love you come around tax time!
If you would like more information contact me. Remember, you can have a good day or a bad day. It’s your choice. Make good choices.
24 May 2021
I just did some work on some rental properties and my home, and I hired a few contractors to do the work. I’ve experienced horrendous customer service. What do you consider good customer service? In our business customer service is what we have to se...
17 May 2021
Ok, stop me if you’ve heard this one... A day before closing, a man and a woman go into a bar to conduct a walk through. The man says to the women, “Where are the washer and the dryer?” The woman says “I don’t know, they must have gotten clean away!”...
11 May 2021
In my classes I teach that as soon as we get our license, we are operating as Sole Proprietors with our Independent Contractors contract under our Broker. Many have realized that this might not be the best entity to work under. Many sales associates ...
03 May 2021
How important is getting a listing at the right price, the right terms, and the right time for marketing? Well, it’s very important, in fact, it’s a critical mix necessary to have a listing sell. Do we want to get listings or do we want to get listin...
26 April 2021
Communication is a critical skill necessary for sales associates in order to succeed. We can’t listen to respond; we must listen to understand. The elements of a good communicator include, empathy, patience, flexibility, and reward. Empathy is unders...