Property Managment without a broker or license
We have 11 units in #DFW and hoping to start to do Property Management for other investors in the area to help supplement our cashflow and scale our business. Does anyone know of any legal work-arounds we can do this without being an agent or licensed broker?
Would it be best to speak with a broker and ask if he will take a small cut to allow us operate under him even though I don't have my license?
Do I first have to half my real estate license no matter what?
Do I network with another agent, and ask to run this all through them at a small fee?
Most Popular Reply
You have to be licensed to work under a Broker
In reality, very few brokers are going to allow an agent under them to do property management as the broker is responsible for the actions of their agent. Property Management is the biggest source of lawsuits in the real estate business. As a broker, I would not consider it for a second