starting a property management company

1 Reply

In Illinois a managing RE broker is required to oversee operations of a property management company. As a new RE broker (1 step below a managing broker) with aspirations to start and grow a property management company, has anyone had to navigate this process ?

Their are complexities to Illinois law on this, so I am interested to hear your thoughts.

Graham

@Graham Craig you have to be a broker for three years before you can start your own shop. Probably the only work around would be to hire a managing broker for your firm. Otherwise, you will need to hang your license with a different broker that is ok with you doing property management. This isn't by any means impossible, but that is the reality. 

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