Services

Services provided by Designated Broker Solutions

Real estate commission requirements constantly shift and vary widely from state to state. Simply keeping up with these changes can be a headache – let alone staying in compliance with them.

Trying to do this in-house is incredibly time consuming and expensive, and there may not even be an employee in your organization that qualifies.   In the best-case scenario, it means hours of training, time away from in-house duties, and continuing education to keep them licensed. This also leaves you at a big risk for penalties if the licensed employee changes regions, falls behind on education, or leaves the company.

 

Designated Broker Solutions is the simplest and most cost-effective way to achieve these goals – without the headache.

Designated Broker Solutions offers two services: (1) serving as the designated broker for regional and national property management firms and (2) acting as the broker of record (co-broker) for out-of-state commercial leasing and sale transactions.  We will consider other assignments on a case-by-case basis, but please be advised of the following:

 

  • We strictly work in the commercial real estate sector, including multifamily residential 50+ units

  • We do not offer services for the single family residential or the mortgage services sectors 

  • We do not serve as the designated broker for transactional brokerage firms, residential or commercial

 

Whether it is for one state, or a national portfolio, Designated Broker Solutions will: 

Provide you with a qualified broker and the state's license laws and requirements, the key components of becoming licensed and compliant
Ensure true compliance with a Broker of Record that follows supervision requirements mandated by the real estate commission
Minimize risk of business interruption, fines or penalties if you remain unlicensed, or if your in-house broker quits or is terminated
Reduce audit risk by optimizing online compliance, timely renewals and reporting
Eliminate the headache of contracting with different brokers in different states, we offer one point of contact for licensing, renewals and compliance
Protect your business and secure your license with Designated Broker Solutions 
Expansion

Property Management licensing requirements vary greatly between states, and can require years of licensed experience in that state. So how do you expand your business? By affiliating our licensed brokers with your firm, we enable you to get up and running in a new state in no time – allowing your coverage to grow as big as your goals.

True Compliance

Designated Broker Solutions means more than just a license. From providing internal audits which ensure property compliance, to providing new updates and training regarding important changes in regulations – we are truly with you every step of the way. 

Collaboration

Designated Broker Solutions offers a three- tiered approach to becoming licensed and compliant in each state;

  • DBS assigns or recruits a qualified broker from our affiliated broker network;

  • We facilitate the firm's licensure by assisting with the paperwork necessary to affiliate the broker with your firm and become licensed in the state,

  • DBS works with both your firm, and the broker, to ensure all compliance requirements are met.

Our Services Drive Compliance by:

Providing compliance checklists to your property/branch employees specific to their state and type of business
 

Coordinating with your marketing or web team to ensure compliance in online and print advertising, one of the fastest changing areas of real estate licensing law
 

Performing regular internal audits, preparing your team for an audit by the real estate commission
 

Informing you and your employees of relevant changes in rules and regulations that affect your business
 

Granting you access to our Real Estate News Updates
 

Completing all necessary paperwork to ensure your corporate and branch licenses are renewed on a timely basis
 

Making ourselves available should questions or concerns arise

 

How it Works

The path to compliance and protecting your business is easier than you might think.

 

After engaging with Designated Broker Solutions, we will facilitate all the necessary paperwork with each state to become your firm's Broker of Record.

 

All engagements are month-to-month, and there are no long-term commitments required. 

We make adding or removing states, properties and branch offices easy without requiring the need for additional contracts or agreements.