Business Plan Brokerage Company
How do I start real estate brokerage business?
I just received the real estate broker license in California, and plan to do brokerage business. I’m not planning to setup a company or hire any agent. I’m thinking about joining Orange County Association of Realtors. Do I really need E&O insurance? What steps am I missing? Any advice will be appreciated.
Tell the Dept of Real Estate what name you have chosen. They will hold that name for you for 6 months as you get set up. Pay $900 a month to rent a space. You can buy desks from the Bankruptcy Court for a low price (businesses are always closing and their furniture is sold). Sign up at the Orange County Association. They will get you entered in the MLS. Then open your doors.
To protect your name, pay $10 at the Secretary of State’s Office..
Karen Kane- independent insurance broker
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