Q: I’m a sales associate and want to set up a company using my team name so that my broker can pay my commissions to this separate company. May I do this?
A: No. Pursuant to Section 475.161, Florida Statutes, a sales associate or broker associate must use his or her legal name as it appears on his or her real estate license when incorporating as a limited liability company (LLC), professional corporation (PA) or professional limited liability company (PLLC).