[RPPTL LandTen] Property Management - Is a Real Estate Agent License Required?

Tue Aug 18 14:14:46 PDT 2015

All:

I know we touched on it a bit last month, but for the sake of clarification.
I have a potential Client that called with that question.

His Sister (living out of the country) wants him to act as property manager
of her single – family home which she rents out annually.  He will be paid a
small salary and reimbursements.

I have explored having his Sister give him a small interest in the property
to make him an “Owner” or, alternatively, setting up a Trust, with him as
trustee.  I feel the answer is much simpler than this.   I recall last month
Harry Heist remarked: Under 475, property management is not a listed real
estate activity requiring licensure.

Your thoughts are appreciated.

Raymond L. Schumann

Board Certified Real Estate Attorney

Santoni Law, P.A.                                               

4820 New Broad Street

Orlando, Florida 32814

P.O. Box 2965

Orlando, Florida 32802

Phone: (407) 233-3490

Email:  <mailto:rschumann at floridainhousecounsel.com>
rschumann at floridainhousecounsel.com 

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