Operating Under a Fictitious Business Name (FBN)
Question: If I own an LLC or corporation, can I run my real estate business under that LLC or corporation name or will I need to obtain a fictitious business name first?
An employing broker may authorize a real estate salesperson in their employ to file an application with the county clerk to obtain a fictitious business name under which the salesperson may conduct business. The salesperson filing for the fictitious business name is required to:
1. deliver to the California Department of Real Estate (CalDRE) an application signed by the broker requesting permission to use a county-approved fictitious business name identified with the broker’s license number;
2. pay any fees associated with filing an application with the county and/or CalDRE for a fictitious business name; and
maintain ownership of the fictitious business name subject to the control of the broker.
2. pay any fees associated with filing an application with the county and/or CalDRE for a fictitious business name; and
maintain ownership of the fictitious business name subject to the control of the broker.
Note: The FBN must be filed in the county of the brokerage's main office, according to DRE regulations. Our main office is located in Ventura County.
Here is the DRE form:
https://www.dre.ca.gov/files/pdf/forms/re247.pdf
If you would like us to file the FBN and DRE paperwork for you please complete this the form below, otherwise you will be responsible for handling the process of obtaining the FBN and applying for DRE approval.
https://form.jotform.com/240021144142032
IF YOU WOULD LIKE TO BE PAID DIRECTLY TO AN AGENT-OWNED ENTITY YOU WILL NEED TO COMPLETE A W9 FOR THE ENTITY AND THIS FORM HERE: https://form.jotform.com/212255547408052