Real Estate Law
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Hello. My name is***** am an attorney. I will review your question. I may need to clarify facts first. I will answer & we can discuss issues.
Possibly. Key components of property management (renting and collecting rent) are considered real estate activities under existing New York real estate licensing laws. If a property manager is going to rent, list, negotiate the rental of property, collect rents, or place tenants on behalf of a landlord client, he or she will need a broker's license.
If services are strictly maintenance, a broker's license is not required.
We can continue to discuss if you would like to do so.
Hi Gulsum: You are welcome. And Good question. If the management company is not involved in selling and receiving a commission, and hires a real estate broker, that should work. You would just make sure the management company is not receiving a commission, although it can still be paid by the owner to do the management. We can discuss more if you want to do so.
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