Property Management

[Rick Baker]

I'm hoping someone could help me with this, I live in Illinois and a friend of mine is moving out of state and asked me if I could take care of the management of his property, but according to what I've read in this state you can't do this without a license.  Is their any way around this?  I don't want to do anything illegal, but also don't want to get my license just for this reason.  Thanks for your help.

Rick

[Brie Schmidt]

@Rick Baker - From the IDFPR:

Q. Is a real estate license required for Property Management?

A. The answer to this question depends upon the specific types of property management services provided.

Property management activities that involve general administration, like contracting for property maintenance (garbage pick-up, etc.) and paying general expenses (utilities, etc.), do NOT require a real estate license.  Serving as an accountant for association dues also does not require a real estate license.  Only those property management activities that involve a conveyance of real estate by contract or lease require a real estate license. Accordingly, property management activities that require a real estate license include: showing a unit for sale or lease, negotiating lease or real estate contract terms, maintaining security deposits, rent payments or earnest money deposits.

Note: you may also need a Community Association Manager license. For more information please visit:

http://www.idfpr.com/dpr/who/cam.asp