Property management companies that are llcs corporations or other business entities and that engage in real estate activities in their business name are often required to obtain a brokers license in the name of the firm. What is property management law property management laws are those statutes and regulations that govern the professionals responsible for managing properties such as apartments homeowners associations condominiums office buildings cooperatives and the like professional obligations in most states property managers must be licensed. Must a california property management company have a real estate brokers license yes key components of property management are considered a real estate activity under existing california real estate licensing laws. The role of a property manager was created to assist property owners in developing a strong ethic of business administration for real estate and commercial properties today there are an abundance of property management companies their main goal is to ensure that conditions and performance of properties are maintained
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