Business Formation
Documentation Necessary if Building Home with Next-Door Neighbor
Question: My next-door neighbor has a construction background. I can get construction financing. We want to buy an old home in downtown Glendale, and do a “scrape and build,” i.e., tear the old home down and build a new home. My next-door neighbor is fine with a “handshake” deal. In other words, everything would be…
Read MoreEmployee of LLC needs real estate license
Employee of LLC needs real estate license Question: Our family’s limited liability company (“LLC”) owns several manufacturing companies, but also owns three small office buildings in Glendale. My wife and I are the only members of this LLC. One of our employees is primarily in sales for one of our manufacturing companies, but he…
Read MoreRecent Ruling Leaves Agent-Broker Liability Questions
Recent Ruling Leaves Agent-Broker Liability Questions Question: In real estate school we were taught that under Arizona law a real estate agent was an employee of the broker. The reason was that the broker was required to reasonably supervise all real estate agents under the license of the broker. Therefore, the broker as the employer…
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