Do I need a broker license to start a property management company

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Do I need a broker license to start a property management company

Jonathon N.
New to Real Estate · DE · Member since 2020 · 19 posts · 8 votes

Why would I need to go through all that schooling and time to do something fairly straight forward?

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  • Jonathan Taylor SmithBusiness Member
    Rental Property Investor · Durham / Raleigh (Triangle), NC · Member since 2015 · 840 posts · 801 votes
    6y

    @Jonathon N. - So you're the reason everyone spells my name wrong!? The answer to that question depends on the laws of the state in which you live and are seeking to manage properties. For me here in NC, you must be a Licensed "Broker" to manage property on behalf of a third party. The apparent justification for that is you're collecting and holding funds that belong to someone else and you're entering into a contract on behalf of that party - so they want you to be educated in certain aspects of contracts, leases, fair housing, trust accounts, etc...

    Blue Chariot Realty & Management4.915 Reviews
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