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Updated over 6 years ago on . Most recent reply

User Stats

90
Posts
72
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Josh Collins
  • Investor
  • Woodbury, MN
72
Votes |
90
Posts

Can I manage my friend's home as a rental w/o realtor's licence

Josh Collins
  • Investor
  • Woodbury, MN
Posted

My friend just took a job in the Netherlands and is moving to Europe in a month.  He wants me to manage his property for him while he is gone.  I have storage facilities and have had other rentals myself.  I'm wondering if, legally, I can do this for him.  My research says I need to have a realtor's license to do this for him.  Can anyone confirm this or suggest alternatives for me? Me and the house are in MN.  Thanks in advance.

Most Popular Reply

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2,507
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4,234
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Jill F.
  • Investor
  • Akron, OH
4,234
Votes |
2,507
Posts
Jill F.
  • Investor
  • Akron, OH
Replied

In ohio, if you are not a licensed broker you can only manage for someone else if you are not charging for it or if you are a direct w-2 employee of the property owner. you'll need to check your state laws.

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