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Updated over 5 years ago on . Most recent reply

John Ulrick's profile image
John Ulrick's profile image
John Ulrick
  • Rental Property Investor
  • from Wahiawa, HI
  • Member since Feb 10, 2019
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John Ulrick's profile image
John Ulrick's profile image
John Ulrick
  • Rental Property Investor
  • from Wahiawa, HI
  • Member since Feb 10, 2019
Connect
John Ulrick
  • Rental Property Investor
  • Wahiawa, HI
3
Votes |
10
Posts
General Landlording & Rental Properties

Property Management Question

John Ulrick
  • Rental Property Investor
  • Wahiawa, HI
Posted

What concerns would you have with paying someone who is not a licensed real estate agent/broker to manage one or several of your properties, specifically in MO?

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Matt MacDonald's profile image
Matt MacDonald's profile image
Matt MacDonald
  • from Jacksonville Florida
  • Member since Jun 19, 2019
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Matt MacDonald's profile image
Matt MacDonald's profile image
Matt MacDonald
  • from Jacksonville Florida
  • Member since Jun 19, 2019
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Matt MacDonald
  • Jacksonville Florida
37
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56
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Matt MacDonald
  • Jacksonville Florida
Replied

In FL you have to be licensed to receive compensation for real estate services. Here's a few concerns I would have. Why isn't the person licensed? If they are not licensed do they know everything that they should know to manage property? If they are not licensed how will they properly list the units & pay brokers if an Agent brings a Tenant? Also, what kind of situation does this put the owner in if they hire an unlicensed person & if the owner pays them? There might be fines or something like that. 

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