Free RealXpert Webinar - 10.15.25 -🎙️ Recording Now Available
Michael Angell is back by popular demand! He will share key pointers on how to stay compliant with tax laws (very important!) and provide insights on creating an LLC or S Corp. We guarantee this will be an informative session, so bring your pen and paper. đź“‘
Note: If you're unfamiliar with what an LLC or S Corp is, you should definitely register for this session!
➡️REGISTER TODAY…limited space is available.
Comments
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Its a wonderful webinar and very useful to all RE professionals.
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@bobratahan I've heard great comments about this webinar!
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Hi - I attended today's session. I was disconnected the last 10 minutes or so - my questions may have been answered. During the session it was in the chat we could use the link here for any unanswered questions. Please find my questions below regarding creating an LLC and being under a separate brokerage. Thanks!
- Does having an LLC impact E&O insurance under a brokerage? Do you ever use the LLC in signing any client documents? If not, how does that work for liability coverage? My understanding of an LLC has been that it always has to be clear it’s the LLC and not an individual - as in there is no confusion on if it’s a business or individual doing business.
- Also, what have you seen for realtors naming the LLC once under a brokerage?
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@MichaelAngell_CFFP Would you be able to answer the questions posted by @Alyssa11529071 ?
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I can only speak in general educational terms and cannot offer specific insurance or legal advice. That being said:
Does having an LLC impact E&O insurance under a brokerage?
Usually, no, but it depends. Most brokerages have E&O insurance that covers you as an individual agent working under their license, even if you have an LLC for tax purposes. That said, some brokerages want your LLC to be registered with them or listed on the policy, so it’s always smart to ask your broker or compliance team to make sure you're covered.
Do you ever use the LLC in signing client documents?
In most cases, no. You’ll sign contracts using your personal name as the agent, since your license is tied to you, not your LLC. So you’d sign as “Your Name, agent with XYZ Realty,” not your LLC name. The LLC is more for how you handle income and taxes, not for client-facing documents.
If not, how does that work for liability coverage?
Liability coverage usually comes through the brokerage’s E&O insurance, which protects you while acting as their agent. The LLC might help protect your business income or separate personal from business finances, but it doesn’t usually shield you personally if something goes wrong in a transaction—that’s what E&O is for.
What have you seen for realtors naming the LLC once under a brokerage?
Most agents go with something simple like their name or initials plus “Realty,” “Properties,” or “Group”—like “Jane Smith Properties LLC.” Just avoid anything that sounds like a brokerage unless you’re opening one, and definitely check with your state and your broker because some places have rules about naming.
Hope that helps,
Michael
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@MichaelAngell_CFFP Thanks so much - very helpful!
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If you missed this popular webinar, you can listen to or watch the recording here.
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