Payment of Commissions Through Corporation Or LLC

Many of our agents would like to receive the commission payable to their Corporation or Limited Liability Company (LLC). We have received an explanation from the CalBRE and IRS regarding the correct legal method of doing this.

Excel Realty, 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.