Yes Q: Can a licensed salesperson own his or her own real estate company?
Yes, a licensed salesperson can own his or her own real estate company. The salesperson must, however, have a sponsoring broker through whom all transactions must be handled and who will be responsible for the salespersons actions. The specific details of the supervision that the salespersons sponsoring broker exercises over the salespersons actions should take into consideration the salespersons experience and ability, acknowledging the fact that the broker remains ultimately responsible for the salespersons actions, and should be described in a written agreement between the salesperson and the salespersons sponsoring broker. The salespersons agreement should also address how commissions will be handled with your broker. If a salesperson engages in business under an assumed name that includes the salespersons own name, the salespersons sponsoring broker’s name or assumed name must also be used. If a salesperson is going to engage in real estate brokerage under an assumed name, the sal
