Senate Bill 1253 - Real Estate Brokers Licensed as LLC

Fact Sheet (PDF)

Bill Language (PFD)

Legislative Information

SUMMARY:

Senate Bill 1253 would allow a limited liability company (LLC) to be licensed as a real estate broker and avail themselves of the tax liability protections of the LLC.  Additionally, SB 1253 allows individual real estate brokers to be licensed through the LLC to act for and on behalf of the LLC as a member, manager, or officer.

PRESS

  • National Law Review - Senator Introduces Bill To Allow LLCs To Be Licensed As Real Estate Brokers