Remove Broker Remove License Remove Regulation
article thumbnail

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.

article thumbnail

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. Confirm that the company complies with local licensing and regulatory requirements, including trust accounting standards. Underestimating Regulatory Requirements Property management is highly regulated.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

How to Get a Real Estate License: A Step-by-Step Guide for Aspiring Agents

American Apartment Owners Association

Getting a real estate license can be a game-changer for anyone looking to build a career in the real estate industry. Whether youre interested in residential or commercial real estate, understanding the licensing process is essential. These courses cover essential topics such as property ownership, contracts, and legal regulations.

article thumbnail

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.

article thumbnail

Meet the Experts: AAOA Rental Housing Conference 2024 Speaker Lineup

American Apartment Owners Association

Davids ability to simplify complex regulations makes him an invaluable resource for property owners facing SB 721 and SB 326 compliance. This panel will break down the latest legal shifts and offer strategies for surviving and thriving in a more regulated environment. Kelly is also a licensed California real estate broker.

article thumbnail

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.