regulation of property management companies (agency, commission, Realtors, department)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Property management companies (depending on the state) are sometimes required to have real estate licenses. Check with your state's real estate licensing agency.
Status:
"I didn't do it, nobody saw me"
(set 11 days ago)
Location: Ocala, FL
6,494 posts, read 10,390,522 times
Reputation: 7962
In Florida, there is a separate license than a Real Estate one. As already mentioned, it all depends which state. In FL property managers and Realtors are regulated by the FDPR (Florida Department of Professional Regulation). You didn't mention which state you are from/inquiring about.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,662 posts, read 81,421,151 times
Reputation: 57922
Quote:
Originally Posted by adjusterjack
Property management companies (depending on the state) are sometimes required to have real estate licenses. Check with your state's real estate licensing agency.
I our state a license is required to charge someone (owner) to manage their property, but none is needed to manage your own property. This article gives some of the agencies that help with property management issues.
Status:
"I didn't do it, nobody saw me"
(set 11 days ago)
Location: Ocala, FL
6,494 posts, read 10,390,522 times
Reputation: 7962
Quote:
Originally Posted by EricBoyd
What's the name of that license?
Property Management license. I got my license in 2014 but never worked as one formerly, only for my personal property that was rented out. In Florida it is required to manage someone else's property. If you are in FL and interested in finding more information, do an internet search for DBPR.
Property Management license. I got my license in 2014 but never worked as one formerly, only for my personal property that was rented out. In Florida it is required to manage someone else's property. If you are in FL and interested in finding more information, do an internet search for DBPR.
Well, being that I've owned and operated a real estate brokerage in FL since 2010, with a primary focus on property management, I can speak with certainty that there is no specific license requirement for real estate licensees that provide property management services for others for a fee. The minimum license requirement is having a valid real estate sales associate license and, of course, work under the supervision of a real estate broker.
Rather than wait for 48 more people to tell us what their states require, I checked some of James777's previous thread and learned that he is in Pennsylvania.
The PA Real Estate Licensing and Registration Act defines "broker" as:
Any person who, for another and for a fee, commission or other valuable consideration:
(3) manages any real estate.
To the OP, in most states if not all it will fall under the state real estate commission.
To the others for conversation, SC has the following types of licenses: Broker in Charge, Broker, Salesperson, Property Manager in Charge, Property Manager. BICs, Brokers, ans Salespersons can handle PM with their licenses. PMICs and PMs cannot handle sales, only rentals.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
