Looking for help with licencing questions/doubts

[Hector Padin]

I have been managing properties for a company that owns said properties for the last few years. We have always operated under the belief that "because we (the company) own the properties that we manage, then we are exempt from requiring a broker's license".

Most of the information that I find online says that a person needs a license to rent or lease properties unless they are the owner of the properties being rented, but I can't seem to find anything that specifies if I/we, as employee(s)/agent(s) of the LLC that owns the properties which I/we manage (including showing and negotiating rental/leasing agreements), am technically exempt or required to be licensed as a broker.

Any advice would be greatly appreciated. Thanks in advance!

[Sam Erickson]

@Hector Padin I believe what @Dorothy Butala said is correct since you own the LLC you can manage the property the LLC owns. Once you start managing for other people and are charging fees you get into the world of operating accounts, and trust accounts which you need to be a licensed broker to have. I'll emphasis too that its "broker", not a salesperson. You also can't sign a lease on behalf of someone else unless you're a broker. This I think is what really limits not licensed people from getting into management.