If You’re An Individual Real Estate Agent Hoping To Request An EIN For Your Real Estate Business – You’ve Come To The Right Place
Whether you’re a new agent or an established one, the fact that you’re looking into requesting an EIN number means you’re serious about your Real Estate business. Good for you!
Thankfully, and EIN number is incredibly easy to get, and you can apply online and retrieve your EIN number in less than 5 minutes. Really!
Why An Individual Agent Might Want To Request An EIN Number
As an individual agent, there may be several reasons to request an EIN number. Why should an individual Realtor consider an EIN number? Here are some top reasons:
- You don’t want to use your Social Security Number on your W-9 form for privacy reasons
- You have established an LLC for your Real Estate Business, and want to open a bank account for your Real Estate Business
- You file your taxes as an S-Corp, and thus need to keep your business income and expenses separate from your personal finances
How Much Does An EIN Cost?
It is free to request an EIN number, but keep in mind this does not account for any costs related to setting up your initial entity (like your LLC or S-Corp, which likely carry a cost to establish and will vary by State).
How Long Does It Take To Get An EIN Number?
Follow the simple steps below to request an EIN number via PDF, and you can get it in about 5 minutes – all online!
What Can A Realtor Do With An EIN Number?
An individual request for an EIN number will enable you to open a business bank account for your entity, and maintain better security of your SSN.
Ready To Request An EIN Number? Here’s How To Made An Individual Request For An EIN Number With The IRS:
Note that these steps assume you have already created the appropriate business entity (like and LLC or Sole Proprietorship). You will be asked about the entity type and name when applying for your EIN number, so have that information handy! This is not intended as legal or tax advice, please follow these steps at your own risk or seek help from a professional if you have questions about your individual circumstances.
Step 1: Visit this IRS website, confirm that you are eligible, and click on the ‘Apply Online Now’ button.
Step 2: Click on ‘Begin Application’ and select the business entity type that applies to you.
Step 3: Click ‘continue’ as you move through the steps of the application, stopping to seek legal or tax advice if you do not understand the information or need help. Assuming all is well, and you still wish to request an EIN number, move to step 4.
Step 4: Tell the IRS why you are requesting an EIN Number and click ‘continue’.
For you new agents, this could be because you established a new business. For established agents, it may be because you are electing to change your Real Estate business over to an S-Corp type of filing. For others, it may be for banking purposes. If in double, seek legal advice before submitting an EIN application.
Step 5: Enter the name of the filer for the EIN number, followed by physical address.
Note that this information must match your tax filing information exactly (your name and address with the IRS) or your application may not process correctly.
Step 6: Enter the details of the entity and location, and then answer a series of questions about your business and what it pertains to. These are yes/no questions, followed by a category chart to show the type of entity you are requesting an EIN for.
Step 7: Select how you’d like to receive your EIN number (you’ll want to select to receive it immediately via PDF, vs. mailed to you in hard copy by the IRS). That’s it! Your EIN is delivered via PDF on the final screen for you to download/save and print!
Congratulations on taking the steps to request an individual EIN number for your Real Estate Business!
Looking for more great Real Estate related Content? Browse our Agent Blog for Tips, Tricks, Resources and more!
