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What Does a Leasing Agent Do? Basics You Need to Know

Bay Property Management Group

Do Leasing Agents Need a License? In many states, leasing agents do not need a real estate license if they’re only work in the business of renting properties, not buying or selling them. However, there are some states that do require leasing agents have a license, like Virginia.

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How property managers can expand their business by acquiring other property management companies

Buildium

Work with brokers who specialize in property management mergers and acquisitions. Review their software platforms, vendor agreements, and maintenance processes. Confirm that the company complies with local licensing and regulatory requirements, including trust accounting standards. Where to Look Start your search close to home.

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What you didn’t know about property management trust accounting

Buildium

If the trust account is set up correctly at the bank, the bank should not consider the trust account as available funds, because even though they are held under the company owner/broker TIN, the broker is acting as fiduciary agent meaning these funds explicitly do not belong to the company under review.

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Property Management Laws, Regulations, and Rules l Second Nature

Second Nature

While a real estate license is not always necessary to manage rental properties, licensing requirements can vary significantly by state. Typically, states may require property managers to hold a real estate license or work under a licensed broker.

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Is Your CA Property Manager Legally Licensed?

Authority Property Management

Why Must California Property Managers Have a Real Estate Broker License? One key requirement is that both individual property managers and firms must operate under the supervision of a licensed Real Estate Broker.

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Meet the Experts: AAOA Rental Housing Conference 2024 Speaker Lineup

American Apartment Owners Association

Speakers: Christian Walsh Broker-Associate, WIRE Associates Christian is a YouTuber and broker-associate with almost two decades of experience selling real estate throughout Southern California. Kelly is also a licensed California real estate broker.

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Invest in Your Chicago Property: Attract Great Tenants

Real Property Management Chicago

These busy tenants will be working with a licensed broker who will scour the MLS to find just the right rental for them. Some methods are more effective than others, and great tenants look for their next rental in a variety of different ways in different areas. Just as you looked at other properties, look at other property listings.