You may not be at the required experience mark yet, short on education, or may not even want to be a broker. But you know you want to own a brokerage, work under your own brand, maybe recruit agents and build up your company. You get 100% commission! All we charge is the monthly fee. No setup fees, annual fees, transaction fees, or broker splits.
Let’s chat and make sure it’s a good fit! 512-623-9063 or 352-734-4830. travis@Re-Brokerage.com
This is YOUR Company and YOUR brand. Take some time to think over the naming because it will identify your business and will be on your marketing material – signs, logos, etc. A name search can be done via the Sunbiz website. You don’t want to use a similar name of any other LLC in Florida or fictitious name (dba -doing business as) because there could also be a good chance they won’t approve it.
After you figure out the naming of your LLC, you need to file it with FL via the Sunbiz site. Cost to file this with the state is $125 with options to get certified copies.
While you’re filling out this LLC application, Travis Marshall will need to be listed as a manager, member, director, or officer because FREC/DBPR requires this of the qualifying broker. Otherwise, FL won’t issue the company license. Active sales associate licensees (You), can only be listed as shareholder – per FREC. A licensed agent can’t be a member, director, etc – this is very important.
After LLC approval by the state, it is recommended to also file an assumed name (dba) for your LLC. Example – if your company is XYZ Realty LLC, you will want to do business as “XYZ Realty”. This can be done through Sunbiz as well. The real estate company license will be issued and printed in the name of the LLC.
Get an EIN by filling out form SS-4. This can be easily filled out online and an EIN will be generated very quickly. Then you can use this EIN along with your LLC ownership papers to open a bank account.
As broker, I have access to DBPR where I can file this application online. The application fee is only $77 but there is another $77 fee since it’s a multiple license, as in I sponsor several brokeages. So $154 total.
Insurance E&O insurance in FL isn’t required, but it’s strongly encouraged. I’ll give you a few company names so you can shop around. The cost is far less than what you think.
After you have the LLC formed and are ready for me to do the application, your first monthly payment is due. Consider this a deposit for once DBPR issues the license. The effective date & billing date for sponsorship doesn’t start until your license is approved, so this deposit will cover your first month of dues once licensed.
Billing cycle is 30 days from the effective date of sponsorship (when DBPR issues the license). You’ll be sent an invoice monthly and can pay by ach bank account or card. Also offer autopay to make things easy.
*Note – we don’t allow property management activities or creative methods like wholesaling/assigning, seller financing. *
