If I were to buy up houses and rent them under a llc do I need a real estate license? Would I need a license if my name wasnt the only name on the deed? I am from virginia. From what I understand here, property managers need a real estate license. In what cases would I need a license? Thanks in advance!
2007-06-28 04:29:28 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I'm going to second the guy before me. To the best of my knowledge, no. I've actaully been looking into it locally.
2007-07-01 07:07:54 · answer #1 · answered by Joe 4 · 0⤊ 0⤋
Most states (I cannot speak for VA specifically) do not require one to hold a real estate license as long as the rental and management is done for your own use, and not as a for profit service to others. Property managers need the license because they are managing, collecting rents, and handling tenants for others.
2007-06-28 06:04:36 · answer #2 · answered by acermill 7 · 0⤊ 0⤋
To my knowledge, no you do not need a license. However I would check with your state and local authorities. I am in Illinois and it is not required.
2007-06-28 04:44:01 · answer #3 · answered by Midwest guy 4 · 0⤊ 0⤋
Rent-To-Own Homes - http://RentToOwnHome.uzaev.com/?qqkp
2016-07-11 20:43:13 · answer #4 · answered by ? 3 · 0⤊ 0⤋