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Updated almost 5 years ago on . Most recent reply

User Stats

434
Posts
39
Votes
Sami Gren
  • Rental Property Investor
  • new jersey
39
Votes |
434
Posts

Does property management requinire license?

Sami Gren
  • Rental Property Investor
  • new jersey
Posted

Hello to all members, I am new to bigger pockets, and hope I will get a lot out of it.

I am a multi family  investor in nj, I have experience in rehabbing, renting out apartments, and taking care of buildings etc.

Since I already have my experience, I would like to start managing properties for other people, 

My question is, from what I researched it looks like a property management needs to have a real estate license, is it so?, and if yes how do I go about it, and everything around legal property management, again I'm based in new jersey.

   Thank you

Most Popular Reply

User Stats

132
Posts
50
Votes
Alexander Flores
  • Rental Property Investor
  • Beachwood, NJ
50
Votes |
132
Posts
Alexander Flores
  • Rental Property Investor
  • Beachwood, NJ
Replied

@Sami Gren

To conduct real estate activities for others, you need a real estate license. You also then need to have an employing broker to conduct real estate activities.

Talk to a couple brokers in your area to talk about acquiring your real estate license. In NJ it is about a 100-hour course that must be taken in a classroom setting and passing the state exam.

I am a licensed real estate agent in NJ and currently building my business plan to start a property management company.

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