Photo: Charles Sykes/Bravo/NBCU Photo Bank/NBCUniversal via Getty

WATCH WHAT HAPPENS LIVE WITH ANDY COHEN – Pictured (l-r): Alexia Umansky, Kyle Richards and Farrah Aldjufrie

Kyle Richardsisn’t afraid to admit that she’s had to walk back some parenting advice.

Noting how she is “totally eating my words” now, Richards tells PEOPLE exclusively, “A few years ago, [I was quoted as] saying I wouldnever let my daughters do reality television.”

Now, with two of her daughters — Farrah Brittany and Alexia Umansky — set to star alongside her husband,Mauricio Umansky, in Netflix’s newest real estate reality series,Buying Beverly Hills, Richards says, “Here are those words coming back to bite me.”

But, she explains, “because it’s a business show centered around our company,The Agency, they decided to go for it. They are businesswomen, and my husband’s a businessman.”

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Angela Weiss/WireImage

(L-R) Alexia Umansky, Portia Umansky, Mauricio Umansky, TV personality Kyle Richards, Sophia Umansky and Farrah Aldjufrie attend the pre-opening cocktail party of Kyle Richards' new boutique ‘Kyle By Alene Too’ on July 21, 2012 in Beverly Hills, California.

Buying Beverly Hillsfollows Mauricio, 52, and his team at high-end real estate firm as they compete to sell some of the priciest — and most star-studded — properties in the city.

The Agency has recently listed thehomes of Norman Reedus and Diane Krueger, Finneas, and the Hemsworth brothers, to name a few.

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Alongside Mauricio, Farrah, 33, and Alexia, 26, the other agents featured in the series include Santiago Arana, Ben Belack, Joey Ben-Zvi, Jon Grauman, Brandon Graves, Allie Lutz Rosenberger, Melissa Platt and Sonika Vaid.

Mauricio and Richards are also parents to daughters Sophia, 22, and Portia, 14. (Farrah is Richards' child from her first marriage to Guraish Aldjufrie.)

Netflix

BUYING BEVERLY HILLS

PEOPLE exclusively premiered thefirst trailerforBuying Beverly Hillslast week, which promises that there’s no shortage of juicy moments in the series.

Later in the trailer, an agent’s dating history with one of Mauricio’s daughters becomes a point of contention, and Alexia’s career is called into question as she’s asked: “Do you think real estate is the right business for you?”

Buying Beverly Hillspremieres on Netflix Nov. 4.

source: people.com