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Updated over 2 years ago,

User Stats

2
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1
Votes
Zak Hood
1
Votes |
2
Posts

Sponsoring broker to start a property management company?

Zak Hood
Posted

Hi all,

I've recently passed my Illinois broker license exam and am shopping for sponsoring brokers. I'd like to start a small property management company. I already have an LLC, a sole proprietorship, and a small portfolio of commercial properties that I own and personally manage. I'd like to expand and market this LLC to offer management services that include leasing, accounting, capital projects, routine maintenance management, etc...

Am I required by law (Illinois law) to collect management fees through a sponsoring broker? Or do I only need to collect leasing fees through a sponsoring broker?

Thank you for any clarity/advice on this!

- Zak

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