Wouldn’t that be a conflict of interest?
2007-07-07 16:31:13 · 5 answers · asked by biggpaulie 1 in Business & Finance ➔ Renting & Real Estate
Might depend on what you mean by "property management company".
"managing property" is generally taking care of someone else's property for a fee. this may include handling rent and security deposits. in my state, a license is required for this to help protect the public from being ripped off.
2007-07-11 11:52:29 · answer #1 · answered by yeagerre 2 · 0⤊ 0⤋
I know this question. ie I live in Utah. The law is different in every state. If you run a property managment company in Utah you have to be a broker. They require you have the same license if you sell it or manage it. Property Managers are required in Utah to have the same license as brokers. Its the law, I wont explain it, but its the law. You cant get around it. I dont say I agree but......
Just got get your brokers license. They wont change it for you. Everybody else has to do it, so do you.
http://realestate.utah.gov/
2007-07-07 16:35:29 · answer #2 · answered by financing_loans 6 · 0⤊ 0⤋
The same reason lawyers, doctors, accountants, nurses, and truck drivers have special licenses.
To protect the public (both owner and tenant) against incompetence, and corruption.
There is a lot to know when taking care of someone else’s financial life.
2007-07-07 18:18:07 · answer #3 · answered by Willems_grandpa 3 · 0⤊ 0⤋
How is it a conflict of interest? You aren't selling property if you are managing it.
2007-07-07 16:34:03 · answer #4 · answered by Anonymous · 1⤊ 0⤋
so politicians cal steal more money legaly~
2007-07-07 16:39:39 · answer #5 · answered by jim c 4 · 0⤊ 1⤋