Property management subsidiary?

[Joe Fish]

Can a property management company be established as a subsidiary to a brokerage? For example, if I have an LLC for my own property management company and would like to work under a brokerage is there any reason my LLC couldn't be set up as a subsidiary under the brokerage and then break off in a few years.

I will soon be a licensed broker, but need to work under an employing broker for two years per Colorado law. I’d ideally like to keep the property management financials and operations completely separate from the employing broker during that period. Is this common practice or does it at least seem possible?

Thanks for your insights!