I'm a real estate agent in CA. Can I form an LLC for my real estate business? I've read a few places that brokers cannot.
3 attorney answers
You are correct. In CA, the BRE does not authorize a real estate brokerage to be an LLC. You must be a corporation.
In addition to state law prohibiting you from forming an LLC to practice real estate, any corporation that you formed would require a licensed real estate broker to act as the qualifying broker.
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If you're asking if you can use an LLC to do your real estate agent business, no. Under CA law, any business that requires a state license cannot use an LLC to do business. If you want to use an LLC to invest in real estate, yes. There are other entities you can use for your brokerage business, however. Consult an attorney for a more specific analysis based on your facts.
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