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Matt Holmer
  • Attorney
  • Bettendorf, IA
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Real Estate Broker's License required for Property Magenment?

Matt Holmer
  • Attorney
  • Bettendorf, IA
Posted Jan 22 2016, 19:57

I am kicking around the the idea of partnering with my brother on a buy and hold property in davenport.  The formal requirements for the property would be met and the property would likely be held by an llc.  Now, looking at Iowa code section 543B, it appears that anyone acting as a property manager for somebody else, must be a real estate broker. 

So, if I am a 50/50 owner on an LLC and want to manage my own property, does this mean broker's license?

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