Introduction to Revenue Sharing in Mortgage Brokerage
In the dynamic world of mortgage brokerage, revenue sharing presents a unique opportunity for professionals to enhance their income streams. This section introduces the concept of revenue sharing, emphasizing the flexibility and potential benefits it offers. One of the key advantages is the ability to channel earnings into a Limited Liability Company (LLC), which can provide financial and legal benefits.
Moreover, the structure allows for significant flexibility. Brokers can operate as 1099 contractors, enabling them to be licensed in any state or even none, while still building and expanding their revenue share business. This flexibility is particularly advantageous in states without specific regulations requiring originations to be conducted as W-2 employees.
