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Old 05-07-2018, 12:49 PM
5,331 posts, read 5,230,465 times
Reputation: 2647


So, here in South Carolina at least you have to work under a broker for three years until you can own your own company but I was discussing with someone in real estate if there is a way to sort of get around that and I brought up the idea of hiring a broker to run your real estate company and even though they are your employee technically they would still be the broker in charge and you would be under them, albeit they of course would be under your direction and she said that was a very creative idea. My question is, is it legal?
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Old 05-07-2018, 03:11 PM
Location: DFW - Coppell / Las Colinas
29,967 posts, read 34,577,096 times
Reputation: 35969
Why not just go to work for a real company and get the experience? Whats the hurry.

There is a reason they want you to work under a Broker for 3 years to get the experience and knowledge. Very few rookies are capable.
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Old 05-07-2018, 03:33 PM
Location: Raleigh NC
7,781 posts, read 6,140,656 times
Reputation: 6905
I don't that it's very creative, but it seems to me it happens all the time, in NC.
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Old 05-07-2018, 04:05 PM
Location: Austin
7,083 posts, read 16,915,573 times
Reputation: 9502
As mentioned, it's best to get real-world experience before you go and try to have agents work under you that you are responsible for, but this is not "out-of-the-box thinking". This happens all the time.
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Old 05-07-2018, 09:00 PM
Location: Salem, OR
13,750 posts, read 31,594,781 times
Reputation: 12119
I know in Oregon you can own a brokerage and not be a real estate licensee. You just have to hire a principal broker to manage your agents. So here, it would be legal.

That said, unless you know 100% that you know what you are getting into, I would work for a broker first. Real estate is not what most people think it is.
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Old 05-08-2018, 09:28 AM
Location: Columbia, SC
8,857 posts, read 17,458,799 times
Reputation: 6234
First of all, this isn't creative or out of the box. Many companies have a different owner and BIC. You aren't an employee. You're an IC.

Yes, it is legal. Why do you want to own a company so badly? That means you're trying to run a business, pay a BIC, and learn the business, and recruit agents. How much are you going to pay a BIC? Do you want to build a company or it just be you?

From reading your post you just need to start at a company and then decide to branch off later if you want.
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