Property Management Licensing

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by an member
in Corona, CA, USA

1yr ago

Property Management Licensing

According to California law to start a property management company I need a real estate brokers license, if I acquire a property management company how do i negotiate for the owners license to stay in the business?

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reply by a searcher 1yr ago
from University of Massachusetts Amherst in Boston, MA, USA

Hey Bryan, we just sold a PM company in CA. Ideally, similar to our sellers, you buy a PM that has multiple licensed real estate agents and another broker of record available. You should be willing and able to get yours overtime. I have seen people negotiate with owners of various licenses across industries to continue to have their license be on record but that can get complex (equity stake or % payout) and potentially tricky legally if issues arise

reply by a searcher 10mos ago
from George Washington University in Milton, FL 32571, USA

What did you end up doing, ^redacted‌?