Property Management Licensing

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January 15, 2025

by an member in Yorba Linda, CA, USA

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
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
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Reply by a searcher
from University of Central Florida in Oviedo, FL, USA
In Florida, you have to have your real estate license two years and then you can apply for a brokers license. So the sooner you get your license the better to start that clock. Then pay someone in the meantime like mentioned above.
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