I want two people selling land under me. Do I need to be the broker or can I just pay them?
I've spent six years buying and holding land and I know the zoning side of my county better than most of the agents working it. Two people have separately asked if they could list under me, meaning they'd do the client work and I'd take a share.
What I don't understand is the license structure. I have a salesperson's license that I keep active mostly so I can see full MLS data and write my own offers. My understanding is that a salesperson has to hang their license under a broker and can't hold anyone else's. So if I want these two working for me, do I have to go get the broker license myself, or is there some arrangement where we all sit under a third party broker and I take a cut through a different agreement?
The part I can't find a straight answer on is whether paying someone a share of a commission when I'm not the broker is even allowed. Feels like the kind of thing with a hard line around it.
Not in a hurry. Just want to know what the actual path is before I promise anyone anything.