Can I manage properties for a friend w/o being a broker

[Mitchell Senkowicz]

Hi, looking for some advice with the legality of entering into property management.

I'm a licensed Realtor in Florida but not a Broker. A friend of mine is asking if I would like to manage a rental of his and maybe add more under management in the future. 

Can I list/lease the property under my broker's name and then manage the property once it's rented on my own or through another LLC? I understand you need a broker's license as a Prop Manger to perform RE activities like listing and leasing, but after that is done and the tenant is in place can I not just have a seperate contract, outside of my brokerage, to manage the day to day operations of the property and get paid directly?

Any advice would be appreciated.

Thanks,

Mitch

[Tyler Gibson]

@Mitchell Senkowicz You may want to consult an attorney to make sure you are in the clear and will not be reported to FREC but my understanding is that if you have an ownership interest in the property you can manage it yourself. You will want to consult the attorney to make sure that you do it the right way so that your license does not come into jeopardy.