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Updated about 4 years ago on . Most recent reply

Property Management & Broker License requirement?
Someone mentioned to me that I would need a broker license in order to start a property management business in PA. Is this true, and if so is there any way around this?
For example, could I hire a broker to be the license holder for the property management company?
(Much like construction companies will hire master electricians to be the license holder for the company so that the company can legally provide electrician services.)
I have no issue getting the license, just have an issue waiting 3+ years to start a property management company, because I would need to start out from the beginning.
Another somewhat related question, there is no requirement broker license requirement for private investors to manage their own properties, right?
Thanks in advance for all your insight!
Most Popular Reply

@Joe Fordahl you don't need a license to manage your own property. You only need a Broker's license to manage property owned by others. You can work for a Real Estate Broker, you can be an agent licensed for that broker and manage property of others. Or you can work for a property management company, that has a license to manage real estate that they don't own.