We provide designated broker of record services, including but not limited to, commercial transactions which could include Self Storage, Medical & Industrial facilities, Boat Marinas and Property Management service, just to name a few. Our designated broker of record services division allows us to assist other real estate brokers or firms by acting as their broker of record (or co-broker), in states where they have a transaction, but may not hold a real estate license. We can provide necessary forms, brokerage agreements, and various disclosure documents amongst other things. We maintain every transaction file per the department of real estate regulations and can provide you with a complete copy of it, at the end of a successfully closed transaction.
What states are you licensed in to provide Broker of Record services?
You can click on this map to see the states we are licensed in and can do business in.
Why do business with us?
Because we can help you navigate the transaction you have in the other state. We can guide you on whether you need a cooperating broker agreement or a limited license filed in that state, or whether you are doing business in a physical, cooperating broker or turf state. Each state has different requirements of an out of state broker, and we can help you work right through that, straight to a successful closing, where everybody gets paid.
What types of transactions can you become our broker of record for?
We can engage in many types of transactions from residential, commercial, multifamily and land sales. We can also become broker of record for tenant representation. Some of our past work has included self storage facilities, medical bulidings, marinas, car washes and gas stations just to name a few.
Are you strictly transaction based?
No, not at all. We can become broker of record for a property management company, tenant representation, and in states where commercial mortgages require a real estate broker of record, we can not only fill that role, but also insure compliance standards are met.
Why are you different than other firms doing similar work?
The biggest reason is because we have a designated in-house company compliance officer available to all of our brokers who perform broker of Record services. By having this compliance officer, it enables us to get all compliance questions answered instantly. We also have brokers under our firm ready to start business with you. We are not like other companies that aren’t licensed and simply compile a list of brokers, to try an assign a client to them. We have very simple clear cut agreements, not long drawn out legalize.
How long does it take you to decide whether you can do business with us?
We can make decisions very fast. We are not a multi level corporate entity. So, if you call us, there is no need for us to run your request up a corporate ladder and wait endlessly for an answer. We can decide very quickly whether we are a good fit to work together, and we can give you accurate pricing right there on the phone, if you want it.
What do you charge for this service?
Each and every deal is different than the last. We can do a percentage type deal, flat fee, percentage with a minimum etc etc etc. We are open to a negotiation that is fair and equitable to both sides.
An example of broker of record services where there isn’t a specific transaction taking place, could be a property management company looking to start up business, but their state requires them to have a broker of record in place. We can step in, negotiate an agreement with them, and become their legal broker of record. Once this happens, they will be compliant with their states’ real estate commission, and can begin the task of launching their business. There are other examples, but this is a fairly popular one. We hold active real estate licenses in many different states, and we are continuing to grow into new ones.
Please contact us if you do not see your state listed above, or to learn more about our designated broker of record services and commercial division, or feel free to fill out the form below.