Peter Drivas  Special Considerations Property management

Property management license requirements vary from state to state. 

Peter Drivas Most states require property management companies to obtain a license from the local real estate board, so it is important for homeowners to ensure that they are that the companies they employ comply with local licensing laws.

For example, property managers in Florida must have real estate broker licenses to operate in their state, because some of their responsibilities are considered real estate activity.

 

Peter Drivas By holding a real estate broker license, property managers can list rental properties on the Multiple Listing Service (MLS) and market the properties through standard real estate marketing methods. 

Having a real estate broker license allows the property management company to place a real estate dashboard lock box on the door of a property so that other authorized agents can display the property.

 

Florida also requires property managers to have broker licenses if they negotiate rentals or leases and receive a commission for their services; however, property managers who manage personal property properties in the state do not need a license.


Peter Drivas However, Massachusetts managers do not need a brokerage license, this is because certain functions that are considered real estate activities, such as listing and leasing a property, can be secondary to each other, the primary functions that the property manager performs. .