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Illinois Real Estate Q&A Discussion Forum
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Updated over 7 years ago, 06/28/2017

User Stats

33
Posts
31
Votes
John Baughman
  • Investor
  • Tallahassee, FL
31
Votes |
33
Posts

Percentage ownership needed to manage property in Illinois?

John Baughman
  • Investor
  • Tallahassee, FL
Posted

Maybe its been asked, but I cannot find it anywhere. 

In Illinois, one needs a license to manage real estate for others.  But owners can manage their own properties.

Does anyone know what percentage of a property a person would need to own in order to manage it without being a real estate agent?  I.E. If I own 10% of an apartment complex would it be legal for me to manage the asset without a license?