For Mortgage Brokers, has anyone moved their business from one state to another, and if so, what is the easiest way to do this? Foreign corporation, or start a new one?

Question

Bob Betel, President, Allstar Home Mortgage, Inc (Allstar Home Mortgage, Inc.)

Answers

Sort

Ambassador
3,526,853

Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

John Meussner made a move to California. He would be a good resource to speak with about this.

Apr 15, 2017 07:47 AM

Upvote

7

John Meussner

Fair Oaks, CA
Tony and Suzanne Marri...

Scottsdale, AZ
Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC
Lyn Sims

Schaumburg, IL
Sandy Padula & Norm Pa...

, CA
Bob Betel

Sweetwater, TN

Rainmaker
1,892,228

Lyn Sims

Schaumburg, IL

Real Estate Broker Retired

I don't get the foreign corp stuff? I'm sure that you would have to refile as a corp in any state you moved to. I would expect it.

Apr 15, 2017 09:56 AM

Upvote

3

Bob Betel

Sweetwater, TN
Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC

Ambassador
5,321,882

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

Depends on the state I would think. sk John Meussner - he moved to CA from the East Coast a few years ago

Apr 15, 2017 09:01 AM

Upvote

3

John Meussner

Fair Oaks, CA
Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC

Ambassador
7,086,574

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Joe Petrowsky successfully operates his Morgage business in multiple states, he may be able to offer some insight here Bob.

Apr 15, 2017 07:56 AM

Upvote

3

Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC
Lyn Sims

Schaumburg, IL

Rainmaker
5,775,052

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Bob,

I am in agreement with Wayne Martin . It depends on each state and how they work. A

Apr 15, 2017 07:46 AM

Upvote

3

Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC
Bob Betel

Sweetwater, TN

Rainmaker
8,563,284

Roy Kelley

Retired - Gaithersburg, MD

Good luck with your move. Those moves are frequent in the MD/DC/VA metro area.

Apr 15, 2017 07:40 AM

Upvote

3

Debe Maxwell, CRS

Charlotte, NC
Lyn Sims

Schaumburg, IL
Bob Betel

Sweetwater, TN

Rainmaker
5,867,514

Wayne Martin

Wayne M Martin - Oswego, IL

Real Estate Broker - Retired

Each state has different requirements. Begin with the licensing law of the state you are considering.

Apr 15, 2017 07:25 AM

Upvote

3

Nina Hollander, Broker

Charlotte, NC
Debe Maxwell, CRS

Charlotte, NC
Ron and Alexandra Seigel

Carpinteria, CA

Rainmaker
3,988,324

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

John Meussner has and it now licensed in many states. I am sure he would be glad to share with you about his experience.

Apr 15, 2017 07:34 PM

Upvote

2

John Meussner

Fair Oaks, CA
Bob Betel

Sweetwater, TN

Rainmaker
1,786,578

Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

Presence, Persistence & Perseverance

As Kathleen Daniels wrote

Apr 15, 2017 08:19 AM

Upvote

2

John Meussner

Fair Oaks, CA
Nina Hollander, Broker

Charlotte, NC

Rainmaker
1,713,681

Joe Pryor

The Virtual Real Estate Team - Oklahoma City, OK

REALTOR® - Oklahoma Investment Properties

Wherever you go i wish you much success.

Apr 15, 2017 07:48 AM

Upvote

2

Nina Hollander, Broker

Charlotte, NC
Bob Betel

Sweetwater, TN

Ambassador
1,123,544

John Meussner

Catalyst Mortgage - Fair Oaks, CA

#MortgageMadeEasy Fair Oaks, CA 484-680-4852

It sounds like you're posing the question more from a corporate structure/licensing standpoint, but I made the move almost 4 years ago from the northeast 3000 miles away to SoCal. Happy to answer any questions if you want to send me a message.

Apr 16, 2017 01:11 PM

Upvote

1

Bob Betel

Sweetwater, TN

Rainmaker
4,988,195

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

I also thought of John Meussner when I saw your question.

Apr 16, 2017 05:32 AM

Upvote

1

John Meussner

Fair Oaks, CA

Rainmaker
1,712,512

Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, CFSP

Big Block LPT Realty 858.232.8722 - San Diego, CA

Coastal San Diego, Veteran's & Retirees Services

Ask Jason E. Gordon

Apr 15, 2017 06:48 PM

Upvote

1

Bob Betel

Sweetwater, TN

Rainmaker
5,701,391

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Real Estate Broker

Hi Bob... I see mention of people here whom I'd have referred you to.

Apr 15, 2017 12:54 PM

Upvote

1

Bob Betel

Sweetwater, TN

Rainmaker
151,783

Julie Larson Realtor® Sarasota FL 941-284-9826

White Sands Realty Group FL | 941-284-9826 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL

When you're thinking of moving...ThinkSuncoast.com

You'll probably want to check with the state you're moving to. I've heard of several California based companies moving to Florida because of favorable tax advantages in Florida.

Apr 15, 2017 12:31 PM

Upvote

1

Bob Betel

Sweetwater, TN

Rainmaker
1,157,857

FN LN

Toronto, ON

It may depend on the specific state and relevant laws and regulations, tax laws etc.

Apr 15, 2017 10:27 AM

Upvote

1

Bob Betel

Sweetwater, TN

Rainmaker
1,580,025

Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

Best of luck and success to you.

Apr 15, 2017 10:23 AM

Upvote

1

Bob Betel

Sweetwater, TN

Ambassador
5,846,567

Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

I would assume that different states have different laws, as in our side of the business. Inquiring minds want to know...where are you moving, Bob Betel?!

Apr 15, 2017 10:20 AM

Upvote

1

Bob Betel

Sweetwater, TN

Rainmaker
5,589,875

Barbara Todaro

Keller Williams Elite - Franklin, MA

"connecting land with builders"

beyond my paygrade.... but I'm sure you'll find someone well-versed to guide you....

Apr 15, 2017 08:54 AM

Upvote

1

Debe Maxwell, CRS

Charlotte, NC

Rainmaker
1,618,029

Harry F. D'Elia III

WEDO Real Estate and Beyond, LLC - Phoenix, AZ

Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I would work with an established firm in that state

Apr 17, 2017 06:47 AM

Upvote

Rainmaker
3,076,632

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

Kathleen Daniels nailed this one!

Apr 16, 2017 10:08 AM

Upvote

Rainmaker
4,329,262

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

Bob Betel - I know a few lenders who did this. Though don’t know how they managed this.

Apr 15, 2017 11:35 PM

Upvote

Rainmaker
3,986,584

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

I have not even dealt with any broker that has moved from onther state

Apr 15, 2017 07:38 PM

Upvote

Back to Top

John Meussner made a move to California. He would be a good resource to speak with about this.
I don't get the foreign corp stuff? I'm sure that you would have to refile as a corp in any state you moved to. I would expect it.
Depends on the state I would think. sk John Meussner - he moved to CA from the East Coast a few years ago
Joe Petrowsky successfully operates his Morgage business in multiple states, he may be able to offer some insight here Bob.
Bob,

I am in agreement with Wayne Martin . It depends on each state and how they work. A
Good luck with your move. Those moves are frequent in the MD/DC/VA metro area.
Each state has different requirements. Begin with the licensing law of the state you are considering.
John Meussner has and it now licensed in many states. I am sure he would be glad to share with you about his experience.
It sounds like you're posing the question more from a corporate structure/licensing standpoint, but I made the move almost 4 years ago from the northeast 3000 miles away to SoCal. Happy to answer any questions if you want to send me a message.
Hi Bob... I see mention of people here whom I'd have referred you to.
You'll probably want to check with the state you're moving to. I've heard of several California based companies moving to Florida because of favorable tax advantages in Florida.
It may depend on the specific state and relevant laws and regulations, tax laws etc.
I would assume that different states have different laws, as in our side of the business. Inquiring minds want to know...where are you moving, Bob Betel?!
beyond my paygrade.... but I'm sure you'll find someone well-versed to guide you....
Bob Betel - I know a few lenders who did this. Though don’t know how they managed this.
I have not even dealt with any broker that has moved from onther state