Property Management/ Licensed Real Estate Salesperson

Member since 2021 · 2 posts · 0 votes

I have a few clients that have approached me wanting me to manage their properties. I am a Licensed agent in the state of NY. Do i need a brokers license to start this new journey? What are your thoughts?

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Charles Carillo
Rental Property Investor · North Palm Beach, FL · Member since 2018 · 2k+ posts · 1k+ votes
3y
@Joseph DeMauro
I would speak to your broker, and see what they say. When I brought this up with a few brokers in the past, they all dismissed the idea. I imagine it adds a lot more legal exposure/hassle for the broker.
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Nathan GesnerBusiness Member
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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
3y
Quote from @Joseph DeMauro:

I have a few clients that have approached me wanting me to manage their properties. I am a Licensed agent in the state of NY. Do i need a brokers license to start this new journey? What are your thoughts?

Aren't you already working under a Broker as a licensed agent?
Contact the licensing board and they will give you the facts: https://dos.ny.gov/licensing-s...
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