Real estate

Asked over 1 year ago - San Francisco, CA

Can an LLC operate as real estate brokerage in CA , if not what is a work around for that ?

Attorney answers (3)

  1. Shawn Matthew Olson

    Contributor Level 9

    3

    Lawyers agree

    Answered . No; a real estate brokerage has to either be a corporation or a sole proprietorship.

    The above is intended only as general information, and does not constitute legal advice. You must speak with an... more
  2. Michael T Millar

    Pro

    Contributor Level 19

    2

    Lawyers agree

    Answered . I am not a licensed CA attorney. You should consult a local attorney.

    It is my understanding that CA does not permit licensed professionals to operate as LLCs. The work around is to form and operate as an S Corp. (Cal. Corp. Code ยง 17375. 87 Ops. Cal. Atty. Gen. 109, Opinion No. 04-103 (2004)

    If this answer was helpful, please mark it as helpful or as a best answer. This answer is for general education... more
  3. Brian Leigh DeWitt

    Contributor Level 9

    Answered . No. The California Department of Real Estate (DRE) will not issue a real estate broker's license to a LLC. It will issue a broker's license to a corporation. The corporation must have a designated officer who is a licensed broker. You do not have to operate the brokerage through an entity however. A sole proprietorship works.

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