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Updated about 4 years ago on . Most recent reply
Does property management requinire license?
Hello to all members, I am new to bigger pockets, and hope I will get a lot out of it.
I am a multi family investor in nj, I have experience in rehabbing, renting out apartments, and taking care of buildings etc.
Since I already have my experience, I would like to start managing properties for other people,
My question is, from what I researched it looks like a property management needs to have a real estate license, is it so?, and if yes how do I go about it, and everything around legal property management, again I'm based in new jersey.
Thank you
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To conduct real estate activities for others, you need a real estate license. You also then need to have an employing broker to conduct real estate activities.
Talk to a couple brokers in your area to talk about acquiring your real estate license. In NJ it is about a 100-hour course that must be taken in a classroom setting and passing the state exam.
I am a licensed real estate agent in NJ and currently building my business plan to start a property management company.