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Updated almost 5 years ago on . Most recent reply
Question for MD Realtors who are also PMs
Hey,
I run a successful property management business, but I've been thinking of getting my Real Estate License. My only issue is since my property management company is already established I wanted to know what to look out for when choosing a brokerage. For instance, a realtor told me that when she does leasing her checks go to her broker and then they pay her. I plan on doing any management services under my LLC and not really as a REA under the brokerage. Basically how can I do both without having the brokerage get a cut from my management business?
I had one brokerage tell me they didn't care if I did management as long as the branding was separate, but then I received their contract and it clearly had a clause stating all realtors under their brokerage shouldn't engage in "other real estate activities" in writing which conflicts with what the rep said.
I even notice some brokerages have separate property management departments and when I try to contact them they never respond. *sigh