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Asked by Griselle Piferrer, Ocala, FL Sun Apr 6, 2008

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Answers

4
Jim Hirschho…, , 32835
Wed Apr 23, 2008
It seems as if people misread your question. You do not need any additional license other than the one you have to practice Property management. PM professionals will caution you though that not only is it a full time job managing properties but also your liability goes up by leaps and bounds. make sure you know what you are getting into. Also, look into E&O Insurance.
0 votes
John Adams, Agent, Daytona Beach, FL
Mon Apr 21, 2008
There are several different licenses that may or may not be required. First, in order to be compensated for property management in Florida, you will need a sales associates license at a minimum. With the sales associates license, however, you can not operate your own company. You must work under the direct supervision of a broker. After a year working for a broker, you can take the broker pre-licensing class, the state exam, and then open your own brokerage. At that point you would be eligible to operate independently. Typically, however, most agents find that regardless of the license that they have, it is more beneficial to work with an established real estate brokerage. The small offices don't tend to produce the same volume.

Another consideration that you should make is with regards to a CAM (Community Association Manager) license. You will need a CAM license if you intend to manage a building or community with more than 50 units or with a budget in excess of $100,000. There may be other requirements as well so I encourage you to look into it.

Obviously, there are instances where yo would need a CAM license but not a real estate license or vice versa. I hope that helps.
0 votes
Bill Eckler, Agent, Venice, FL
Sun Apr 6, 2008
Piferrer,
Could you please clarify your question so we could respond to the issue?

Thanks,
The "Eckler Team"
0 votes
J.D. "Dan" &…, Agent, Orange Park, FL
Sun Apr 6, 2008
You would have to have a Broker's License to start your OWN business.

I do property management as well as sales for my broker and sometimes it's not all it's cracked up to be. the advantage for me is retention of the owner as a future sale and retention of the tenant as a future buyer. To keep all parties satisfied takes an extreme level of cusotmer care.

JD “Dan” Weisenburger, GRI
Broker-Associate REALTOR®
Vanguard Realty, Inc. GMAC Real Estate
Web Reference:  http://www.neflahomes.com
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