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Updated over 3 years ago on . Most recent reply

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Phu Le
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Dual Brokerage - Commercial and Property Management question!

Phu Le
Posted

Hi everyone,

I currently work as a Commercial Real Estate Associate (I do not have my RE License yet, however I will obtain it within the next month). Once I obtain my license, I am going to hang it with my Commercial Brokerage firm, NAINorcal.

The issue arises as I am also trying to start my own Property Management company - both commercial and residential management. My current firm, NAINorcal, only does brokering and does not manage properties. If I want to do property management, I'd need to hang my license with another brokerage that does residential/commercial management. Is it possible to do this? Hang my license with a commercial firm to do commercial brokering and hang my license with a residential firm to do property management?

Also my end game is to have my own property management company, not just join a property management team under a broker. Is it possible to "hire/rent" somebody's brokerage license to that they could be my broker-of-record but I can go ahead and build my PM company as I see fit?

Thanks!

Most Popular Reply

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Drew Sygit
#2 Out of State Investing Contributor
  • Property Manager
  • Royal Oak, MI
6,071
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9,358
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Drew Sygit
#2 Out of State Investing Contributor
  • Property Manager
  • Royal Oak, MI
Replied

Why would a broker rent you their license, taking on a ton of liability, yet let you run wild to do whatever you want?

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Logical Property Management.
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