License requirements for property manager and home inspector in NJ?

Asked by Dave V., New Jersey Sun Jul 6, 2008

Hi. I'm considering starting my own business in real estate as a property manager and also as a home inspector. On the property management end, I'd start off managing single family and multi-family homes for investors. Which of the functionalities (rent collection, lease signing, maintenance, service procurement, etc.) require some type of license in NJ? As for the home inspection end, there are a number of franhises out there that allow you to buy in and offer some type of training. However, I can't get a definitive answer on what the license requirements are for a home inspector in NJ. I konw they changed in 2006, but what are they? Also, do the training classes offered by these franchises meet the licensing requirements in NJ?

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3
Andy, , California
Thu Mar 19, 2009
Hi Dave,

I am from CA. Beside your question, I would like to mention you to make sure your E&O insurance coverage. Property management usually is not covered in regular package. And another important thing is your trust account. Be careful, Keep all the daily belence records and invoices as both e-files and physical copy. Finally, I donot know if there is any rental control in NJ.

Good Luck,

Andy
0 votes
Laura Gianno…, Agent, Manahawkin, NJ
Sun Jul 6, 2008
Property management in New Jersey requires a real estate license if you are going to be handling leasing etc. The NJ Real Estate Commission can be found under the NJ Department of Banking and Insurance.
Licensing requirements for home inspectors in NJ are under the NJ Department of Community Affairs, Division of Housing.
I hope this helps! Good luck Dave!
0 votes
Christine Ma…, Agent, Reseda, CA
Sun Jul 6, 2008
Dave, you may want to check out the states website (see web reference below). The state website has some information about obtaining your home inspectors license. Try googling your questions too - that's how I found more information about industry licensing.

Christine
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