Real Estate Business

3 Replies

Hello BP'rs

Do you have to own a professional real estate broker license to start a property management business? What are the requirements?  

@Edwin Duran 

Key components of a PM business are leasing & renting and that will require to hold a Sales Associate or Broker's license. . In the state of FL., a manager can lease a property for less than one year WITHOUT a RE License, as long as it is using the lease contract approved by the district court and is not receiving a commission. You can always add a broker to your team, if you do not have a license. This will add a sense of security to your operations, and voiding the potential of being involved in illegal activity without even knowing. 

Before you do anything, do your homework, checking your state requirements to save you trouble. 

Kenndy Mendoza 

Originally posted by @Kenndy Mendoza:

@Edwin Duran 

Key components of a PM business are leasing & renting and that will require to hold a Sales Associate or Broker's license. . In the state of FL., a manager can lease a property for less than one year WITHOUT a RE License, as long as it is using the lease contract approved by the district court and is not receiving a commission. You can always add a broker to your team, if you do not have a license. This will add a sense of security to your operations, and voiding the potential of being involved in illegal activity without even knowing. 

Before you do anything, do your homework, checking your state requirements to save you trouble. 

Kenndy Mendoza 

Komerci Group Property Management 

[email protected] 

 Thanks for the information,  definitely helpful. What is the process like to get your brokers license? I've read so many different things as to how to go about it and like clarification. 

This varies from state to state, I believe. Be sure to check your local laws

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