Someone was telling me that it is not legal to accept money from a person who is just renting for a one week vacation and give it to the owner of the property without having a real estate license. Is this true? where might I be able to find info on this to proove this to him. I don't think that you have to.
2007-07-13 17:35:33 · 4 answers · asked by schrauf1981 2 in Business & Finance ➔ Renting & Real Estate
anyone can act on behalf of the property owner, as long as the property owner hired him.
good luck
2007-07-13 17:42:42 · answer #1 · answered by Blue October 6 · 0⤊ 0⤋
It may depend on the state, but I don't think that is true. In most states, property managers do not have to be licensed realtors, but you should double check with your states Real Estate Comission or a local property management company to be sure.
Some states do require property managers to get a real estate license, but if you are accepting money on behalf of the property owner for just one week don't worry about it.
Now, if you are accpeting compensation for this work you may want to be careful. That is where the line can get fuzzy depending on your state.
2007-07-13 17:49:53 · answer #2 · answered by Anonymous · 0⤊ 0⤋
hi Tyler, particular, you will choose a license. The state of California has surpassed a regulation that a real property license is important in case you're making plans to paintings decrease than the supervision of an authorized broking provider. you may get your license in case you do not on the instant plan to be employed via a broking provider; in spite of the incontrovertible fact that, you will not have the skill to accomplish events that require a license. you should take California genuine property license examination.
2016-10-21 05:36:28 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Depends on where you live. Some states require licenses for such activity and others do not. Check your state real estate licensing board regulations.
2007-07-13 17:49:24 · answer #4 · answered by acermill 7 · 0⤊ 0⤋