I have been operating a large rental community in Illinois for a couple of years. I handle all tenant relations and rent collections, and all aspects of management for the property. I am not officially an owner of the property, tax-wise, but it is owned by family. If I do need to obtain one, how do i do so without having a broker to sponsor me?
2007-03-05 08:22:14 · 2 answers · asked by Andy Jones 2 in Business & Finance ➔ Renting & Real Estate
If you have been acting in good faith as an employee of the person, group or company owning the property you typically do not need any licenses.
2007-03-05 09:41:08 · answer #1 · answered by Scott 2 · 0⤊ 0⤋
You may have been breaking the law. Check with the Real Estate Commission in your state. If you have been acting as a broker and calling yourself that it could be a felony.
2007-03-05 17:39:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋