What’s the difference between a property manager license and a real estate broker license?
A property manager can only manage; you cannot sell, exchange, lease option, or purchase real estate for another person. Property managers are not allowed to collect commissions or referral fees. A real estate broker license allows you to perform all property manager duties, plus you can collect commissions and referral fees. No one can hold both a real estate broker license and a property manager license simultaneously. Once the higher level license status of real estate broker is attained, an Oregon licensee will surrender his/her property manager license.
