Friday, November 28, 2008

Property Manager in CA, needs license or not

Situations Where a License is NOT Required:

1. If you are managing your own home or your own property, then neither a salesperson or broker license is required.

2. You may manage a property WITHOUT a license if the owner of the property agrees to let you do so under a "power of attorney", thus empowering another person to act on the owner's behalf.

3. If you are managing the homeowners association (not the individual units within the association for rent), then the property manager does NOT need to be licensed.

As with most states, an individual who seeks to sell, list, auction, or rent/lease real estate in California must be a licensed real estate broker or agent working under the supervision of a broker.

To own your own property management company and run it under your own name, you will need to be a broker, rather than a salesperson.

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