+ Reply to Thread
Results 1 to 6 of 6

Thread: Business License Needed?

  1. #1
    Join Date
    Apr 2009
    Location
    South Chicagoland
    Posts
    2

    Default Business License Needed?

    I live in Illinois and have a real estate brokers license. It has been a few years since I got licensed and I have not done anything with it aside from paying for the renewals and continuing education. I plan to eventually use the knowledge of real estate for my own investing so I dont necessarilly want to work under another broker or open up a brokerage. Am I able to be a family members (or my own) agent even though I do not have an actual brokerage? Do I even need a business license to be considered a brokerage?

  2. #2
    Join Date
    Jan 2008
    Location
    NY & CT Real Estate
    Posts
    1,490

    Default Re: Business License Needed?

    Larry Jensen, Principal Broker
    St. Lawrence Properties, llc
    Ph. (888) SLP-NYCT (888-757-6928)
    www.SLPNYCT.com
    New York & Connecticut Real Estate & Property Management
    My Blog: St. Lawrence Properties Blog
    When in Doubt Check it out: REALTORS Code of Ethics

  3. #3
    Join Date
    May 2009
    Posts
    2

    Default Re: Business License Needed?

    Hello..

    For doing the business any where at any place the license is compulsory to have for the existing business.. Without license you cant do the business, license is a basic and the primary need to do the business..

  4. #4
    Join Date
    Apr 2009
    Location
    Halifax Nova Scotia
    Posts
    372

    Default Re: Business License Needed?

    I would think that you need a brokerage to put the deals through and for tax purposes. Otherwise we would have a buch of brokers running around selling property with no company logo or anything.
    Exit Realty is a leading residential Real Estate company that sells Halifax Real Estate and is a part of Exit Realty Nova Scotia.

  5. #5
    Join Date
    May 2005
    Location
    Austin, Texas
    Posts
    1,197

    Default Re: Business License Needed?

    Someone correct me if I am wrong but I dont think you need one in Texas. You need a brokers license but I dont think you need a business license.

    Its best to have an LLC for tax purposes. But once you pass the brokers test I think you can do business.
    PM me if you are interested in writing a guest blog

    Ki Gray - Austin Realtor - Working in Austin his site covers the Austin Real Estate market. If you are considering investing in Austin be sure to check out his Austin Real Estate Blog or look through some of the Austin Homes currently for sale.

  6. #6
    Join Date
    Sep 2005
    Posts
    27

    Default Re: Business License Needed?

    how about asking the state of Illinois

+ Reply to Thread

Similar Threads

  1. Do you train yourself and your Agents regularly?
    By Mitch in forum Real Estate Chat
    Replies: 16
    Last Post: 12-09-2009, 06:19 AM
  2. Business License Needed?
    By illinois_broker in forum Real Estate Chat
    Replies: 3
    Last Post: 05-07-2009, 04:27 AM
  3. Business Card Designer Needed
    By Micheal Pannell Realtor in forum Real Estate Chat
    Replies: 3
    Last Post: 01-31-2009, 06:43 AM
  4. Run a Clean Business
    By 877youkeep in forum REO/BPO and Foreclosures
    Replies: 0
    Last Post: 02-18-2007, 07:49 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts