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Broker Breakup Frequently Asked Questions

Individual Agent Sponsorship FAQ's

How long does it take to activate my license?

In most cases, less than 24 hours.  Your license will be associated with Pinnacle Realty Advisors

 

How do I receive my commissions?

1-2 weeks prior to closing you will fill out our Commission Disbursement Agreement (“CDA”), which is available within the “Member Portal”. Once the CDA has been filled out and submitted, along with a copy of the executed contract, we review the documents and sign the CDA authorizing you to be paid upon closing, directly from title.


How are my listing signs displayed?

The Texas Real Estate Commission requires the name of the listing Broker to be displayed on all signs (TRELA 1101.652(b) (23). You can still include your name and contact information, but must also include Pinnacle Realty Advisors (your sponsoring broker) somewhere on the sign. We do provide and allow the use of our signage & logo for Pinnacle Realty Advisors in various formats in our “Members Portal”.


How long do I have to commit?

We ask for a one-year commitment.


Are there minimum sales volumes?

You can do zero or thousands of transactions per year as an agent sponsored by us.


Do you have any ethical requirements for sponsorship?

We will not accept agents with negative TREC Enforcement Notice issues against them during the 12 months preceding request for sponsorship. Additionally, we will not sponsor agents with unresolved or outstanding TREC complaints.


Is office space provided?

No, you determine your physical office address. Agents may choose to open their own offices or work from home. We want you to choose what's best for you!


What about E&O Insurance?

Top Producer Plan: E&O fee of $250/year
Standard Agent Plan: E&O fee of $80/year

 

LLC Brokerage Owner FAQ's 

How does LLC Brokerage Owner work?

For each sponsored group, a separate LLC is created and licensed by TREC as an LLC Brokerage. One of Broker BreakUp’s principals serves as the sponsoring broker to the LLC and the LLC serves as broker to the agents. The owner (you) owns the LLC/Brokerage. Broker BreakUp’s Principals serve as sponsoring broker and attorney for you.


When does the monthly fee start?

The monthly fee  commences once you are ready to move your license under your new company.


How long does it take to set up?

The process takes approximately two to four weeks to complete.  Much of the timing depends on TREC.  We suggest agents “stay put” with their current broker until their new company is ready and licensed. If you are in a situation and need to move, Broker BreakUp will sponsor you under Pinnacle Reality Advisors until your company is ready and licensed.

 

What about E&O Insurance?

Each LLC Brokerage Owner will be responsible for procuring their own E&O insurance. Each sponsored entity will be required to provide proof of coverage upon application submission to TREC. Broker BreakUp has preferred insurance providers and will aid in obtaining the insurance.

Do you have any ethical requirements for sponsorship?

We will not accept agents with negative TREC Enforcement Notice issues against them during the 12 months preceding request for sponsorship. Additionally, we will not sponsor agents with unresolved or outstanding TREC complaints.

Do you own any part of my entity?

The owner owns 100% of the LLC as well as its listings, buyers, leads, and commissions. Pursuant to TREC rules, the broker acts as a manger of the LLC so that they can act as sponsoring broker.

How are official items from TREC handled?

TREC will contact both of us with company matters. They will contact you for your individual matters.


How long do I have to commit?

Broker BreakUp asks for a one-year commitment.


Who generates the CDA’s?

You generate your own CDA (We are paid through credit card draft and have no interest in the CDA process).


Would I have control over the MLS input?

Yes, you will have input control. You will be the “Office Manager,” which allows you to cancel your own listings as well.


Is office space provided?

No, you determine the physical office address that best fits your LLC brokerage's needs. 


Can I take my LLC name with me should I no longer be sponsored?

Yes, your LLC is your company name.


You are fully protected by our SponsorShield Guarantee.


Our trademarked SponsorShield guarantee protects you in every aspect of your business.  Not only do we guarantee your satisfaction with our service, SponsorShield ensures that you will have the support you need when you need it.  Midnight weekend calls, texts, and emails accepted.  We are ALWAYS there for you and your business.

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