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Updated about 6 years ago,
Brokers or Property Management License?
I am interested in working for, or starting a property management business in Central Oregon. I have started working on my Brokers License. It was suggested that I get that license so that in addition to management, I could earn commission on an occasional real estate deal. I have just reached the section in the course where I learned that as a Licensed Broker. I would have to work under a Principal Broker to manage property for at least three years, until I could upgrade my license.
My question is; is it worth it to work under a Principal Broker for three years and possibly have to employ one if I start my own business? Or should I change directions and get my Management License instead, so that I can work independently, but possibly miss out on possible income?
In Oregon a Licensee may only hold one license at a time.