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When does a person need a brokers real estate license to act as a property manager?

April 26, 2017ACT broker license manager person Property Real Estate

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When does a person need a brokers real estate license to act as a property manager?

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A. If a person manages commercial property units the person will need a broker’s license. A broker’s license is not needed for residential management for any custodian, janitor, employee or agent of the owner or manager of a residential building who exhibits a residential unit to prospective tenants, accepts applications for leases and furnishes prospective tenants with information relative to the rental of such unit, terms and conditions of leases required by the owner or manager, and similar information.