Many Excel agents would like to receive their commission payable to their Corporation or Limited Liability Company. Excel allows this by strictly abiding by the guidelines as explained from the CalDRE and IRS regarding the correct legal method of doing so.
Excel Realty & Mortgage, Inc. may pay commissions to our agent’s Corporation or Limited Liability Company when all the requirements below are met:
1 – The agent’s Corporation or Limited Liability Company must be owned solely by our agent.
2 – An agent must present the following to the broker:
a) Corporation or Limited Liability Company W-9 form.
b) Notarized letter stating that the Corporation or Limited Liability Company is owned solely by him/her and that he/she is requesting the commission is paid to his/her Corporation or Limited Liability Company.
A hard copy of the letter with wet signatures needs to be mailed to: Excel Realty & Mortgage, ATTN: Shawnacy Nauroth, 7031 Koll Center Parkway, Suite 190 Pleasanton, CA 94566. This cannot be a scanned copy sent by email.
